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I never said that it wasnt up to them...I said I would caution them to. Go take a look at the S&P500. Everything that you deem as "laughable" is truth. By the way the other 2 accounts are all in cash right now, but I am looking to enter bearish long positions on them. The one I withdrew is going to cryptos, gold, & silver (hard assets aside from crypto but thats a safe haven with inflation). Last year we were still in a bull market. This year it is quite different. "January effect" or not, that will not save anything in a bear market. Do you really believe that POTN will explode in a bear market? That is laughable. People go to safe havens during those times
I said that if you were watching the sector as a whole, you would have noticed it was a sell the news event. A bunch of stocks in the sector started selling off towards the end of the day. KALY was the lead indicator that showed this. As for the financing available. I fully agree that is good for the sector, however, that will not immediately get rid of the note that is on this company. The court case must be settled still. Also with the market as a whole being very bearish, I am not entering long into anything right now unfortunately bc the timing was wrong with legalization and the market direction. I would suggest others be cautious entering in long positions into anything right now with the way the market looks. I actually just closed out one of my 3 accounts and withdrew it for hard assets. Better to have cash in a bear market than worthless securities that decrease your net worth
when did you buy in? Early 2017 and held all that time? Not wise when you could have made almost 10x more by selling in January. I'll take my technical analysis and trading over a long any day of the year. It's saved me a lot of unwanted losses that others have held through including what is happening now.
$KALY was a very good indication to get out today when it dropped almost 50%. Buy rumor then sell news. Unfortunately for POTN it didnt run that hard into the news, but nonetheless it will suffer the selling in all the others
more selling. The overall markets are dumping and this was the only positive catalyst. Clearly no one wants in anymore. I'm glad I took my profits and ran days ago
I am tracking the S&P500. Not an individual stock. It just broke the lows in February and is making lower highs and lower lows on the WEEKLY. Bear market. It would take months to correct this. I trade and do technical analysis and believe me we have now confirmed it. Sure there will be bounces in a bear market like there always will be, but get ready for a very bumpy downward ride.
looks like a lot of people wanting to get out at .12 I would take the losses and run at this point. We are only 3 months into a bear market in the larger markets with just breaking the lows of February yesterday. No reason to long any stock right now with that happening
Honestly all these penny stocks in this sector are huge risks now. The S&P500 just broke the lows of February. We are heading into a recession folks. Im out these stocks for a good while now. Good luck to you all.
yes. that is a lower open not a gap down. Heres some educational material so you can understand what a gap is.
https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:gaps_and_gap_analysis
that was a lower open not a gap down. A gap is above or below the previous days trading price range
$7 would mean they would be valued at 3.5 billion dollars. I dont foresee that happening. They would be trading at 100x revs at that valuation.
exactly my thoughts....he just lost credibility by saying that.
show the proof
Just another product to add to their sales. Remember they forecasted to do 22 million in sales this year. They were on pace to do 24 million total for the year if they only flatlined BUT they added 400 more retail clients, which should be reflected in Q4. This baby is about to take off! They are set to surpass the forecast pretty substantially
LOL! never said I predicted it. Traders react to the charts. I'm just saying the farm bill is super bullish news for every single company in the sector. Thats all
My reentry was at .108 so I almost nailed the bottom on the reversal. The thing is when I was "bashing it" the farm bill wasnt passing. Today is a completely different day and situation
beautiful looking chart! Increasing bull volume on the daily. Exactly what bulls want to see. Also breaking to a higher high on the daily, creating an uptrend. Couldnt ask for a better chart
Of course it will! This is a hemp derived product company is it not? Then it directly impacts this company. How does it? Bc NOW it legalizes hemp on a federal level allowing banks to finance companies such as these. They have not been able to loan to these companies for over 100 years! Say goodbye to toxic debt ;) Also this allows for lower cost of raw materials, which increases profit margins. It also brings more consumer awareness, which increases sales.
This has a HUGE impact on this company in a positive way.
This is running off of hemp legalization, which is HUGE and will be legal next week when the president signs. On top of that rev numbers are soon to be released afterwards. They projected to do 22 million in sales for the year and are on pace to beat that by an extra 2 million, which totals to 24 million if they only flatline in Q4. I anticipate even bigger numbers since they added 400 more retail clients in Q4. THESE FINANCIALS HAVE BEEN AUDITED. This company is only trading at 2x rev numbers! Other companies are pre revenue, without audited fins, without the celebrity endorsements, and are trading at higher valuations! These prices are a steal!
LOL! Yeaaaaaahhhh with hemp about to be fully legal. Nice joke
this is purely an assumption on your part. Obviously they did not know this. The statement says after they communicated with the SEC back and forth on the matter of their application. Meaning they filed and THEN realized that they needed 2 years of audited fins. They only need to wait a few more weeks to meet that criteria!
https://www.otcmarkets.com/files/otcqb_standards.pdf Read page 3 section 1.3
They need 2 years of audited financials to be able to uplist. We have 2 weeks yet in 2018 and then they can have them audited and uplist. This only delays it slightly.
The fact is hemp is on the brink of being legal nationwide with only needed the presidents signature now since it passed the house and senate. So far this year the company has significantly grown its sales from 14.9 million last year to 18 million as of Q3. The forecasted to do 22 million in sales this year back in January. They are now on track to do 24 million in sales, but I anticipate that number could be larger due to the fact that they added 400 more retail clients in Q4. Also this year they settled half of their outstanding debt. They also have had 2017's and most of 2018's numbers audited and verified. All this and only trading at a market cap at about 2x their rev numbers? This is extremely low, which is why I believe this will still surpass that 1.25 price target BEFORE any sort of uplist. Once the uplist occurs, I fully expect this to hit the $2-3 range. Good luck to all the bulls and enjoy the ride into hemp legalization!
bc they changed CEO's. Not fooling me here. It is necessary for them to have accurate paperwork.
Wrong. Their financials for 2017 are audited. Their financials to 2018 are audited. This changes none of that. These are the facts.
Could not agree more here. It honestly is just around the corner for that and in the meantime there is plenty of other positives as to why this is worth more and will run. I mean last year this ran to 0.95 on half the revenue numbers and no audit. Its easy to see this is a minor delay in something that wont effect the run up
So the uplist is delayed a few weeks now, but that is just one minor delay and there are many technicals and fundamental reasons why this will still crush its all time highs. Why will POTN still most likely surpass its previous all time high of 0.95?
For the first time in 2 months POTN closed above the downtrend line on December 12th that started October 15th and it did pretty convincingly. The reversal has already started with that and also multiple indicators confirming it. Volume is a "prove it" indicator and the past week of volume on the daily surely proves that there is significant buying pressure here.
Technicals aside, this is trading at 2x rev numbers right now, which is pretty low. I read the other day that they forecasted to do 22 million in sales this year. They already did 18 million as of Q3 and are on pace to beat that forecast by 2 million (most likely more since they added 400 retail clients in Q4).
2017 financials have been audited and most of 2018, settled half of their outstanding debt, and most importantly hemp is now at the finish line of being federally legal with just needing the president to sign the bill as the final process.
Why is hemp legalization beneficial to POTN? Hemp has been under prohibition for about 100 years now. This resulted in banks not being able to loan out to companies to provide a legitimate source of financing. POTN can now seek and obtain this if they desire (say goodbye to toxic debt!). Also this allows them to source the raw materials for their products at a cheaper cost, which improves their margins. Lastly it removes the stigma on the plant and any uncertainty by the consumer, which will increase sales!
I anticipate this stock to hit past its all time highs given the benefits of hemp legalization and other fundamental reasons. My personal target is $2.50. Good luck to all the longs and bulls!
The CSE
he has a tiny following and honestly has no clue what he is talking about. Banks could not touch these companies for 100 years. They can now source their raw materials at a cheaper rate and grow it if they want to. It also will drastically improve customer awareness and sales. He is right though, its not marijuana....its BIGGER! Even Bruce Linton said this during an interview. MJ is a tiny piece of the pie, while CBD seems to be a much more lucrative and larger market
Technically speaking, we also just set a higher high on the daily, which signifies a longer term trend change. Now 2.6 traded volume in 50 minutes of trading. Significant volume confirms this as well. Bulls in full control here
exactly! This is absolutely huge and will help POTN climb to new all time highs. Why will POTN most likely surpass its previous all time high of 0.95?
For the first time in 2 months POTN closed above the downtrend line that started October 15th and it did pretty convincingly. The reversal has already started with that and also multiple indicators confirming it. Volume is a "prove it" indicator and the past week of volume on the daily surely proves that there is significant buying pressure here.
Technicals aside, this is trading at 2x rev numbers right now, which is pretty low. I read the other day that they forecasted to do 22 million in sales this year. They already did 18 million as of Q3 and are on pace to beat that forecast by 2 million (most likely more since they added 400 retail clients in Q4).
Also take into account that they filed for the uplist, have had their numbers audited, settled half of their outstanding debt, and most importantly hemp is now at the finish line of being federally legal with just needing the president to sign the bill as the final process.
Why is hemp legalization beneficial to POTN? Hemp has been under prohibition for about 100 years now. This resulted in banks not being able to loan out to companies to provide a legitimate source of financing. POTN can now seek and obtain this if they desire (say goodbye to toxic debt!). Also this allows them to source the raw materials for their products at a cheaper cost, which improves their margins. Lastly it removes the stigma on the plant and any uncertainty by the consumer, which will increase sales!
I anticipate this stock to hit past its all time highs given the benefits of hemp legalization and other fundamental reasons. My personal target is $2.50. Good luck to all the longs and bulls!
Here is the stream for the white house
https://www.whitehouse.gov/live/
I would not be surprised. Almost at 2 million traded volume today in not even 30 minutes of trading. Volume is a prove it indicator and the bulls are proving it today to show they want a piece of the pie with legalization and other upcoming PR's soon to be released. Most importantly the sales numbers for the year. They anticipated to do 22 million in sales for the year and did 18 million as of Q3. They are on track to beat their forecast by ~2 million, but I am figuring that they will beat it by even more
almost a million shares traded in just 15 minutes of trading. Looking very good to start the day
Thanks! I'm glad to be back! I was busy trading the canadian companies the majority of the year. Now it's a no brainer for me to be back here for the ride. The technicals, upcoming fundamental news, and now hemp on the brink of legalization have me excited. Share it all you want!
Why will POTN most likely surpass its previous all time high of 0.95?
For the first time in 2 months POTN closed above the downtrend line that started October 15th and it did pretty convincingly. The reversal has already started with that and also multiple indicators confirming it. Volume is a "prove it" indicator and the past week of volume on the daily surely proves that there is significant buying pressure here.
Technicals aside, this is trading at 2x rev numbers right now, which is pretty low. I read the other day that they forecasted to do 22 million in sales this year. They already did 18 million as of Q3 and are on pace to beat that forecast by 2 million (most likely more since they added 400 retail clients in Q4).
Also take into account that they filed for the uplist, have had their numbers audited, settled half of their outstanding debt, and most importantly hemp is now at the finish line of being federally legal with just needing the president to sign the bill as the final process.
Why is hemp legalization beneficial to POTN? Hemp has been under prohibition for about 100 years now. This resulted in banks not being able to loan out to companies to provide a legitimate source of financing. POTN can now seek and obtain this if they desire (say goodbye to toxic debt!). Also this allows them to source the raw materials for their products at a cheaper cost, which improves their margins. Lastly it removes the stigma on the plant and any uncertainty by the consumer, which will increase sales!
I anticipate this stock to hit past its all time highs given the benefits of hemp legalization and other fundamental reasons. My personal target is $2.50. Good luck to all the longs and bulls!
there are no extra shares issued if listed on another exchange. It just allows for more investors to participate in purchasing the security
it means just what you said. They are debating it right now as I type.
Farm bill passes the house now! Just wait for Mr.Trump to sign it. I assume it wont be too long :)
I'm watching it now. Seems pretty good for the bulls with what was said so far. I can see the president signing right after it passes