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Thanks Stack
Congratulations to all
Agreed
This one is about to move. RSI at 21
I will be interested to see where the bottom is here. Thoughts?
Where does this board think the bottom is for emerald therapeutics EMHTF?
Letting my money stay in here and not going to look at it for a month or watch the Board. I will check back with you all March 1st. GLTA! EMHTF LONG
I still want him To answer the question
Let me ask you this. Because Monday really isn’t important. What do you think the the price per share for Emerald will be 1 year from now? That’s what I care about. $10? $12? 25?
This is an honest question. Please give an honest answer
Again, totally agree
LOL! Totally great point. Cant base long term success on short term activity!
You are SO right brother! People act like a hole opened up and the company got swallowed and the PPS is $0.00. All this "dip" did was undervalue a company that that just keeps rocking it! they have a plan and are executing it brilliantly. I think you said it a month or so ago "Strap in cuz its going to be a crazy ride!" Might have been Maddstacker but either way, this company has got it going on!!! Have a great weekend!
Agreed on the $10 during summer but I think it will be a steady 2-5% interval climb to get there based on the the recent uncertainty in the market. That is good thing IMO. Especially for us longs! Good times ahead brother! EMHTF LONG
Agreed. I think in the end you have to know what you own and I know this company is going places and are going to be a monster in the sector. GLTU
Totally agree! Their panic is just an emotional response not based on facts. They will regret it. Oh well, their panic made it possible for me to get more shares at a low price. Emerald isn't going away and neither am I! Have a great weekend! EMHTF LONG
Dont necessarily agree with the last sentence but who knows
Marijuana ‘panic selling’ spurs Canadian pot stocks meltdown
JEN SKERRITT
BLOOMBERG NEWS
FEBRUARY 2, 2018
Investors' collective high over Canada's burgeoning marijuana industry has evaporated, to be replaced by a comedown.
Marijuana stocks tumbled Friday amid a wave of "panic-selling" and concern that companies that had seen ballooning share prices recently are now overvalued. The BI Canada Cannabis Index plunged as much as 19 per cent, its biggest intraday drop on record, while the nation's largest producers including Canopy Growth Corp. and Aurora Cannabis Inc. tumbled more than 40 per cent from their January highs.
"There's a lot of investors that got in in the last month and many of them are looking at significant losses," PI Financial analyst Jason Zandberg said by telephone. "It now looks like it's a pile-on. There's a bit of panic selling."
Shares of Canopy tumbled as much as 16 percent in Toronto to the lowest intraday price in six weeks, while Aurora dropped 17 per cent and Aphria Inc. fell 14 per cent.
The plunge comes after some market leaders more than doubled in value since November amid optimism that Canada will legalize pot this year. A wave of consolidation followed, as companies jockey for market share and enough supply to fill provincial retail shelves. Last month, Aurora Cannabis agreed to acquire CanniMed Therapeutics Inc. in a $1.23-billion deal that's the largest merger ever in the red-hot industry.
Boosted Production
On Friday, the government's statistics agency released new data that shows Canadian marijuana costs $6.85 a gram. Earlier estimates suggest weed prices have been falling in recent years as illegal producers boosted output in recent years, potentially cutting into the revenue for publicly traded companies that hope to tap into the new market.
Concern that companies are overvalued has helped spark the decline, Zandberg said. While some of the periphery cannabis stocks will probably not survive in the long term, there is enough demand in Canada to transfer over to a legalized market and the industry leaders will thrive, he said.
"People are panicking because they are losing their money," Chris Damas, editor of the BCMI Cannabis Report, said in an email. "Stocks are in bear market territory."
Friday morning's selling is probably the peak and stocks will likely stabilize from here, Damas said in a note. Still, the Canadian cannabis shares have been overbought and have probably seen their highs for the year, he said.
Tighten your boots and get over $5USD EMHTF!
Have a good one!
Holding here also. global markets are down big.
ya. i know
the last time Emerald took a dive like this was around the $3 mark and I am glad I stayed because that rebound was HUGE! I expect a bigger, healthier rebound in the near future. Know what you own.
Agreed. The company has not changed. the management has not changed and they continue to make business deals that position themselves strongly in the sector. The company is not dying because their stock gets pushed down by outside forces. Emerald will shake the connection with the "big" boys and when she does, people will wish they bought this reset. Just my opinion. EMERALD LONG
IMHO she will rally back to about .50 down for the day and be poised for a monday run
Well put. Didn't expect this morning but I bought.....again.
Hell of an opportunity. Doubled my position here
I am holding LIB long also. I expected a pull back but holy shit. Staying put and buying more....again
Well, my limit buy at $4.70 just executed. Sigh---and it immediately drops to $4.55. Unreal
Really? You must be sitting on a fat unrealized gain then! ;)
So Emerald can do all the right things to the point of getting upgraded to a tier 1 company and still cant be green because of what? Because Tweed is down? Very concerning
She really is!
I hear ya. I took a big kick in the berries today too but I just keep remembering the big drop somewhere around $3 and now we are around $6 and that you and STACK said basically "quit your whining" and to be in it for the long haul. Emerald is going to make us some serious cash but it ALWAYS sucks seeing that much of drop for what seems like no reason. I just have a hard time with all the DD that we dont make it all back + a boat load more. Good times ahead brother! EMHTF!
I pulled the trigger too soon also at $6.55US but Oh well. Its all going to make us money but it would have been nice to actually hit the bottom of the dip. I'm honestly surprised it went below $6.55US. I guess that's what happens when you are pulled down by another company. EMHTF
OUCH! #micdrop