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well said here. This is trading at a market cap of ~$45 million (verify this at https://www.otcmarkets.com/stock/POTN/security) and they are doing a minimum of ~$24million in revs for 2018. It is getting closer and closer to having zero premium on their yearly revs, which is absurd. Now at under 2x yearly revs.
They had two auditors and the second one has verified their numbers.
Might want to go look at the charts last year. Last 6 months traded in the .05-.08 range. Plenty of support now. A falling knife is said when no support nearby, which is not the case
they are audited.
falling knife is used as there is no support nearby. There is PLENTY of support in this range from last year when they did less revenues & no audit back then. These prices are a steal now from a valuation standpoint and technicals as well.
are you referring to 1 month, 2 month, 3 month, and 6 month candlesticks?
that was before they were POTN & the diamond brand and almost an entire 2 years ago.
if they didnt reverse split last year, they wont this year. No need to. PPS just needs to be above .01 for the uplist
at that stock price they would be trading at or below their 2018 annual revenue. That makes absolutely no sense. Carry on now
LOL! great joke
Now trading at a market cap of ~$46million when they are doing 24-30 million per year. Easy buy here
capitulation volume.
it doesnt matter if the funds were settled or not from my understanding. It just matters if you sold the security before the end of the year. So technically this is still tax selling
I'm starting to think that the noteholder is dumping prior to the court date since they know they will lose and have to settle
LOL! that would be trading at 20% of their sales. Good luck with that target
everything is always delayed with this company since I've watched it last summer. Nothing is ever on time. This turd is getting flushed
Not met them by a long shot. They have only done one thing that they said that they would and that was the audit. That alone took almost 6 months longer than they said only to need to go to another auditing company. Still no share retirement after over a whole year. Still uplist with 2x withdrawing it. None of this instills confidence in a bear market. What person in their right mind wants to go long in something that is being run by such amateurs. They clearly don't give a damn about the shareholders and to trust them in a bear market? No thanks
I may trade, but I do not flip intraday. I do swings since I have the majority of my success with those and from that perspective (one that I personally know investors should be using for entries at the real floor) this is not the Bottom here. Not that I am shorting this bc I am not, but this is going to single digits. Mark my words on it. Investors want to see a trend change and we have not established any of that sort. It had the chance to when it formed a higher high on the daily, but it went to form a lower low then so it's back in the down trend again without a single indicator showing a buy yet. It cooled off every indicator for another leg down. If you are already long and don't want to sell that is fine. I am just stating what I see and what is most probable to occur
I meant exactly what I said. Saying they will have something done by said date and then it doesn't happen and gets lost lines drastically or never achieves at all..cough *retiring shares*....was all a bunch of BS. That is by definition not making good on their word and not instilling confidence in a company in a bear market
That is not true. For example take a look at RSHN and how it bounced off of .0032 three times on the daily chart. That's a subpenny stock. This is in the penny's so every single penny matters. The new low is now .101. No sign of solid support. I trade and believe me I would be all over it if their were any indicators at all signaling a buy just for a flip, but not 1 of my 3 stochastics are showing an entry and rsi isn't even oversold. Candles aren't showing entry either. Volume not either. The bears have this for awhile yet. Bear market overall, POTN is bearish, and no trading buy entry. I do not foresee this going up until any actual news is released by the company
Unfortunately it's true. Back in the 3nd of the summer i had hoped the Bottom was in and would go up from there, but the company is constantly disappointing the shareholders. Just drags them along and can never make good on their word.
.11 support? A support line is the Bottom that it bounced off of.
If .11 is the support then why did it trade almost the entire day below it?
Could have been the noteholder selling his free shares for all we know. I remember watching it and being confused as to why someone would do that. Rookie mistake for a scumbag that was diluting into the rise is my conclusion
Just like I expected...funny how I was laughed at, as usual, by the bagholding sheep pounding their chests...
pleaseee....ive been here since last summer. I know what CBD is...key word PROJECTED to do. Speculative investment. Not a safe haven in times of market turmoil. We are in an actual bear market. This isnt last year where everything was sunshine and rainbows. Its the opposite. If you really think institutional money will come flowing in among all the uncertainty in the markets think again. Everyone knows they dont go long at the beginning of times like this. They flock to hard assets & short stocks
I'm sorry, but I was long this over a year ago and have been here since. I've read all their PR's and honestly they've let shareholders down time and time again. From the audit that took wayyyy longer than expected. I remember reading "by the end of the month"...then "by the end of the quarter"...it was constantly just dragging shareholders along. why? well I learned why...it was for that note. Now twice withdrawing their uplisting too...and whatever happened to their crypto facility they purchased? too many red flags here for anyone to want to go long here in a bear market. Thats just financial suicide.
yes CBD the new gold safe haven in a bear market. LOL! What kind of nonsense am I even reading? Soo when little ol' granny can hardly afford food she will still be buying up that CBD like hot cakes!
I have to respectfully disagree here. In those times people look for safety, tried & true. This company has withdrawn its form 10 twice now. That doesnt exactly ensure confidence...
"first 20 minutes of trading"...picking one second of a $5.00 buy is not up 16%. I would think longs would be more long term minded
I believe so as well. The whole sector sold off towards the end of the day with a sell the news reaction.
avoiding 1 or 2 red days easily makes up that 20%. I know which is better
the overall markets definitely have an impact on every single stock so of course im going to talk about it. I see that when I post bullish news its welcomed, but when I post other news it is "laughable". Sorry that Im keeping it real here. As I said many many times....I am a trader. There is nothing here that is making me bullish. Chart is a disaster again. Overall market breaking key supports and on the brink of a bear market (I consider us in one already bc in order to avoid one it would take a miracle).
The best stuff in the world is when people put their head in the sand even when all the signs point in the opposite direction of their position. I am not here to get your shares...I was just bullish here and not anymore. The pop already happened leading into legalization. What remains now is bagholders. "buy the rumor. Sell the news" There is a reason why this is a very common saying...bc it holds true.
OUCH! so you are hoping to break even? good luck man. The general market looks horrific. I wouldnt keep throwing money at an "investment" draining away net worth
Thats probably why it has continued to decline. They have changed their business model and not in a good way
no one here is chasing shares...that was shown by all the selling today. Buy the rumor, sell the news.
its because the overall markets are in a down trend and the hemp stocks had the run into the news event. Ever hear the phrase buy the rumor sell the news? There is a reason why its general knowledge among traders
I've taken multiple economics courses...it is always better to trade than go long. Compounding gains is how you generate wealth instead of holding through red. 'nuff said.
The gold & silver will increase in value due to the inflation of the USD. Devaluing everyone holding cash. That is why it is a safe haven. One thing about gold and silver, they have been used since the beginning of time as a means of exchange and have always maintained value. What do you think will have value in the event of a economic collapse? shares of POTN?! LMAO!
yes technically we are not in one just yet, but I do not foresee us avoiding one for reasons you stated and just technically speaking. A bounce in the S&P500 is coming for some short term relief, but it would take months to correct us back to bullish from here. Time will tell the story. Good luck to you and your decisions.
Also in case you didn't notice, I was bullish on this a week ago...you would do well to at least hear my statements with an open mind. If I am changing my sentiment, there is a reason....I wanted this to explode, but I don't foresee it with the broader markets tanking
I know all this already. I trade so I must be informed on all this stuff prior. Its nothing that I didnt already know. The thing is this isnt getting that debt resolved immediately bc of the note. They still must go through with that court date and in a bearish market? Good luck to all you longs. You will need it