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Check this out - https://www.cnn.com/2020/03/04/business/canopy-growth-cannabis-production-closures-layoffs/index.html
Opens up a LOT of room for new cos to come in and make a name for themselves in this industry. Also shows just how young it is.
If you're retail and want shares at this point you either have to slap the ask, or you're jumping the current bid and praying you fill. Next leg is close.
Still thin on ask. .0044s one MM playing, than back to .005s with only one showing as well...
LMAO. Everyone's a millionaire, and no one has ever lost! This forum is a joke. You sound like every 4chan /biz kid. A millionaire who spends his time fight on a stock forum board about a company he doesn't hold a position in. Makes sense!
$SGMD
Seeing a lot of hate for a mega volume mega run up day on news. You think people would be happy to finally see a subbie not dump out on news. Instead we gapped, held, and ran... Why are people complaining?
Been a minute since this bad boy has had traction like this...
BOOM! .0036s hitting HARD.
All eyes. and bids ;) on $SGMD .0035+ finish. .006 doable soon!
L2 screen cap: https://twitter.com/imvitium/status/1234886352904376326?s=20
looking ready. CFGN now bidding!!!
$SGMD setting up for one whale of a technical bounce IMO pic.twitter.com/e0h9WdpwSR
— 🐢🙌🏻vantillian🍀🧑🌾 (@vantillian) March 3, 2020
HOLY HECK! 9.5M whack! Hopefully this signifies seller out at bottom...
Bids raising as well now.
Curious to see if the co decides to work with other companies for production and bottling needs this year. Should be easy if they chose due to owning that facility outright now.
Yup, hard too when anything above .0035 gets stacked so heavy... Could of seen .005+ test last week on the great news and volume, but shares on ask started stacking... Just a matter of time here I guess now. I don't mind sitting on my hands at bottom, but could of really shot with that news... People need to hold for real gains in this market...
There's 5M bidding .0028 bro... Where do you get your .001 entry target?
Slow day.... price held. Selling obviously low...
None... In addition, they have products leaving their factory to hit shelves soon. They control the whole process. No BS waiting on supplier issues. $INKW setting up to be a huge 2020 mover imo.
When that happens, I think it will probably be the last time we visit this range. Some sellers on news have kept this locked all week where it is now. Bottom is most definitely in, and volume spike indicated the move to come. Perfect setup. Just a matter of time now!
Looks like we got NITE bidding heavy, and CDEL on ask sitting with a stack. Should be interesting to see buy/sell flow here in the next couple minutes.
MOVING OFF BOTTOM ON NEWS! .004 cleared! Bidders with some value moving up.
.0029s just cleared! .003s thin with near nothing showing to .004+
$INKW here we go... Getting started!
Bidders now at .0028s with .003 action starting. No one is able to fill bid...
Multiple MMs bidding .0027s now... Slaps end of day?
The playing field is set. Now just on the company to deliver the news as mentioned. We should be getting it tomorrow as per Tweet Monday said this week.
Non stop loading continues... must be getting close to the co releasing something, so much action again today. Plus tens of thousands of dollars bidding .011+ now.
Locked, long, and loaded $SGMD. #ThisWeek.
$SGMD yes sir, easy to see.
I'm looking for that bid side to build/show here.
Significant volume out the gates today. Really nice to see continuation of this loading. It's clearing out all the flipper junk prior to the run on news. That run may be a LOT stronger than we think if $SGMD decides to touch on multiple company workings.
Something is going to break here. This range is too tightly wound up not to see a move of some sort occur. Really hoping to get the update today, no issue if I have to wait for tomorrow/Friday. I just hope peoples hands can stray strong as they've been so far.
Another 500k+ loaded in this tight range...
.0114 x .0115 spread closed.
Just need that ask to slap on news. News any seconds. Super excited for market reception on this one.
Interesting the bids just rose.
Just continue to swell... Should see a new base .012s minimum after today, with or without news just on sheer buy volume this week in this range.
Checked corp actions for today, and no sign of that. Cannot see updated actions for tomorrow a/o yet, but keeping an eye on it. Maybe it will be addressed in the PR we are expecting regarding valuation sometime this week.
.0127s getting hit now.
Expected this week. Thinking it will surprise even a lot of longs.
Looks like the lvl 2 thinned out a lot. Nothing more than 50k showing on any levels until .014s. I think that's pretty telling.