Some beach.....Some where
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There is some wisdom there. Each company should be carefully screened and vetted, however there are some gems out there.
I love the NXGW bar chart (60min). Step pause, step pause. Absolutely beautiful
Good man....thank you. Wish him well.
What ever happened to NAM? Did he jet?
Some good news is that I took a new position at .33 just before the run up and already have a 1 bagger.
I've earned back all that I lost with the first position and am looking positive towards the road that lies ahead
yep....I took a early position but then began to leverage down to the point where I finally became impatient and sold them all at .13. I regret it deeply now.
Good point. I lost patience and sold 260K@.13....I regret it now.
Candlestick Trading by Nison would be good start for technical trading.
I don't know however chances are that you won't get in a such a low price
Check out smallcaps.us.....they generally have some good recommendations for small cap stocks. Cannabis is one of the industry's they follow.
https://smallcaps.us/
Profit taking. To be expected whenever a significant run up occurs.
Some of the states have legalized Cannabis however the Fed still maintains Cannabis as an illegal drug.
The work of Congress will be to remove (or change) Cannabis from the controlled substances list. This will ease the banking restrictions which has kept US Cannabis growers on the sidelines as it applies to financing.
Absolutely.....With the legalization comes relaxation of the banking laws surrounding industry. When the banking restrictions are lifted, it will open the flood gates.
Harpo,
Have you done the math on this. Meaning how much product is needed to produce a package of COOKIES; What profit will the package produce for NXGW; How much will be equate to in earnings; etc...
Seems there are a couple of points of analysis to look at.
Is NXGW going to be able to meet the demand? I hope so
At what point do you think that NWGWF will come off the OTC board and list on some of the other indexes?
I like the OTC, but would like to have the ability to add stop losses to protect profits
Hi Harpo, I concur that adding on to my existing position would not be beneficial. I'll have to the content with shares I purchased at $.33
At your target price of 1.00+, I'll evaluate the position to determine if profit taking is warranted.
Sadly I bailed at 260k@.13 near the beginning of 2020 because of the steady decline of the stock price. Think where I would be now. smh.
Big volume out the door! The $.60 resistance level isn't going to stand
I saw that Cannabis companies are producing cannabis drinks as an alternative to traditional drinks. Does this mean that I'll need to forgo Margaritas? :)
I love a Margarita with a fine cigar or Tex-Mex cuisine
A great post Harpo....thank you.
Very encouraging.
Investopedia is our friend
ROE has to do with shareholder equity.
https://www.investopedia.com/terms/r/returnonequity.asp#:~:text=Return%20on%20equity%20(ROE)%20is,the%20return%20on%20net%20assets.
Asset growth has to do with return on assets
https://finance.zacks.com/keep-track-asset-growth-8698.html
NXGWF has been good to shareholders which accounts for the 40% return.
I'll defer to others about what asset growth implies. Appreciation/Depreciation of assets?
Nice open on the 60 min chart. Its following yesterday uptick
Good post HD. Thank you.
Thank you for your analysis and input. Always appreciated
Cheers/
Here, here! Post political vitriol on other social outlets.
Question. Is it possible that NXGWY has maxed out their production capabilities at their current facilities and may not incur a significant uptick in revenue until the new facility is built? Just curious. I wondering if revenue will be relatively flat until the next facility comes online
Agreed. My apologies. The poster is now on iggy.
Is it possible is that production is maxed out due to facility limitations?
You can produce more than your facilities will allow. Just a thought
The politicians see a cash cow with the legalization of MJ with all the taxation they'll be pile onto it.
That site has only one page with one testimony.
Hi Harpo,
As I recall, NXGWF had plans for two sites: B and C. One was next door and the other a few miles away. I believe the one a few miles away is the one your referencing however I can't recall what its intended use was for.
Instead of a dividend, put it back into the company or reduce outstanding shares through buyback. The Intelligent Investor way.
It'll be interesting how NGWY manages the new wealth....Will management ingratiate themselves with salaries, bonuses, options or will they also have consideration towards us shareholders.
Time will tell.
Nope...however he's bought a lot of businesses in distress
I don't disagree...I just wish as part of their long term business strategy would be to think about a buy back program if the business becomes as lucrative as the potential suggests.
Buffet was one best know proponents for buy backs. We know how well his shareholders fared.
I said think. There are higher priorities (where expansion resides) however to shareholders who've been with them for a long time, the buy back would be an act of appreciation from management.
I'd like to see NGWY begin thinking a stock repurchase plan to help reduce some of the dilution
Closing strong. Buying pressure is strong given the two full green bars.
I'll defer to Harpo....He's got good technical skills.
Given the robust uptick, don't be surprised if profit taking occurs