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On August 15, when Canopy announced the STZ transaction, the stock did 35.5 million shares that day. The only over 30 million day.
On August 21, CRON did 31.97 million, and on Friday 24, did 35.83 million.
So it has had 2 days over 30 million, the latter of which was even larger that CGC. I wonder what the market is saying.
For the sake of simplicity, and given that lawmakers in Parliament already missed Trudeau's hopeful July 1 deadline to legalize, bill C-45, as the Cannabis Act also is known, addressed products that weren't contemplated in the bill with an amendment. Essentially, this amendment requires the Senate and House of Commons to address the Cannabis Act in the future for products like edibles and infused-beverages, which weren't included in the original bill.
When will that happen? While clearly nothing is set in stone, Parliament is expected to take up discussion on edibles and infused beverages sometime next year. If the two houses of Parliament can come to an agreement, both of these popular products could hit dispensary shelves at some point next year.
https://finance.yahoo.com/news/surprisingly-2-popular-marijuana-products-154100170.html
STZ does not have anywhere near 5 Billion CAD$, so what vehicle will they use to make this purchase - Debentures, Bank Borrowings, Issue shares/warrants ?
What effect will CGC's presupposed increased stock price especially around Oct 17, have on STZ ?
Most interesting, on the list is HIKU which will become Canopy !! (soon perhaps), so does that mean they get a double dip ??
CRON after hours trading 878,104 up to $10.45 US$
https://www.nasdaq.com/symbol/cron/after-hours
Perhaps at this point in time, FOMO may be a valid reason to enter the market !
Bruce Linton CEO of CGC carded to speak at an International ganja conference at Montego Bay in Jamaica, Sept 27-29.
http://digital.guardian.co.tt/?iid=160816#folio=6
Certainly there is no other company that can spend that amount, which leads me to believe that either before the 5 years have ended, or certainly after, Apple will be selling products that it currently does not.
A blast from the past. I remember them. Another memory is WEB VAN.
On the bright side, basically all shorts before December 15, are now more or less 100% underwater !! I suspect that is what is nudging us along today.
Would this CBD cream be eligible for entry into the USA ??
Yet another report source. I did notice that this report is as of Dec 15.
Actually that is for TWMJF. For WEED.TO total activity for that period appears to be 71.668 million shares.
http://shortdata.ca/largest-short-positions/
I don't know where they got their figures from, but in looking at the daily volume from Dec 1 - 29, it is only slightly more than 23 million shares total !!!
Seems like it will creep insidiously forward, Reminds me of the frog in a pot - pour boiling water and it will jump out. Put it in a pot of water and start boiling, and it will get cooked. Guess there's going to be a glut of frog legs on the market one day.
KMB goes ex-div ($0.97) tomorrow - no news today, so why would price drop, any thoughts would be appreciated.
Wow. At $34, I'm looking to get out. What would your exit point be after going in at $34.23
Just came across this name. Starting to do DD. Do you know what caused the June spike and drop ?
Wonder if we'll see $39.50 this week ? As was predictable last week, with over 9K options @$38, it closed below that strike.
What is your current cash position ?
Today the markets realized that it may become entirely impossible to form a government in Greece, even after another election.
In that case there will also not be the votes to continue with the bailout package. I think it is slowly sinking in what that could mean: the troika will no longer have anyone to negotiate with.
The IMF, EU,and ECB would see tens of billions each evaporate. Greece would become a pariah state and likely drop out of the euro, followed by either a radical leftist government taking power or a military coup.
Greece has become near ungovernable. Its infrastructure is crumbling, its jobless rate is over 20%, youth unemployment is 50%, and Greek administrative institutions are paralyzed and corrupt.
The empire is fraying at the edges - literally.
Greece may by itself not mean much, but it is the first modern industrialized post WW 2 welfare state to go completely bust. The signal alone should scare the bejeezuz out of market participants.
http://globaleconomicanalysis.blogspot.com/2012/05/tea-party-ousts-6-term-republican.html
Next week could be interesting for Silver.
http://www.zerohedge.com/article/will-silver-surge-following-nationalization-bolivias-silver-mines-president-evo-morales
Two sisters, one blond and one brunette, inherit the family ranch. Unfortunately, after just a few years, they are in financial trouble....
In order to keep the bank from repossessing the ranch, they need to purchase a bull so that they can breed their own stock.
Upon leaving, the brunette tells her sister, 'When I get there, if I decide to buy the bull, I'll contact you to drive out after me and haul it home.'
The brunette arrives at the man's ranch, inspects the bull, and decides she wants to buy it.
The man tells her that he will sell it for $599, no less. After paying him, she drives to the nearest town to send her sister a telegram to tell her the news.
She walks into the telegraph office, and says, 'I want to send a telegram to my sister telling her that I've bought a bull for our ranch and I need her to hitch the trailer to our pickup truck and drive out here so we can haul it home.'
The telegraph operator explains that he'll be glad to help her, then adds, it will cost 99 cents a word.
Well, after paying for the bull, the brunette realizes that she'll only be able to send her sister one word.
After a few minutes of thinking, she nods and says, 'I want you to send her the word 'comfortable.'
The operator shakes his head. 'How is she ever going to know that you want her to hitch the trailer to your pickup truck and drive out here to haul that bull back to your ranch if you send her just the word'comfortable?'
The brunette explains, 'My sister's blonde. The word is big.
She'll read it very slowly... 'com-for-da-bul.'
No, it's just a bunch of nervous nellies, being suckered by the Mutual funds who will now buy more, since the dividend has been announced.
Let's see how this Yahoo snapshot changes.
Top Mutual Fund Holders
Holder Shares % Out Value* Reported
FIDELITY CONTRAFUND INC 14,662,447 1.57 5,938,291,035 Dec 31, 2011
GROWTH FUND OF AMERICA INC 12,670,000 1.36 5,131,350,000 Dec 31, 2011
VANGUARD TOTAL STOCK MARKET INDEX FUND 10,704,458 1.15 4,081,823,924 Sep 30, 2011
Powershares Exhg Traded Fd Tr-Powershares QQQ Tr, Series 1 9,511,308 1.02 3,852,079,740 Dec 31, 2011
VANGUARD 500 INDEX FUND 8,272,039 0.89 3,154,293,911 Sep 30, 2011
SPDR S&P 500 ETF Trust 7,708,334 0.83 3,121,875,270 Dec 31, 2011
VANGUARD INSTITUTIONAL INDEX FUND-INSTITUTIONAL INDEX FD 7,590,151 0.81 2,894,276,379 Sep 30, 2011
FIDELITY GROWTH COMPANY FUND 6,120,959 0.66 2,478,988,395 Dec 31, 2011
PRICE (T.ROWE) GROWTH STOCK FUND INC. 5,698,400 0.61 2,307,852,000 Dec 31, 2011
COLLEGE RETIREMENT EQUITIES FUND-STOCK ACCOUNT 5,415,948 0.58 2,065,209,291 Sep 30, 2011
Agree, good post. But there is always a but. You may recall I think it was the 3rd quarter of 2011, when despite increased sales and profits, the ANALysts were disappointed with the margin percentage, and wall street took the stock down !!
LITTLE RALPHY ON ENGLISH
Little RALPHY goes to school, and the teacher says, 'Today we are going to learn multi-syllable words, class. Does anybody have an example of a multi-syllable word?'
RALPHY shouts, 'Mas-tur-bate!'
Miss Rogers smiles and says, 'Wow, little RALPHY, that's a mouthful.'
To which Little RALPHY replies, 'No, Miss Rogers, you're thinking of a blowjob.'
LITTLE RALPHY ON MATH
Little RALPHY returns from school and says he got an F in arithmetic.
'Why?' asks the father?
'The teacher asked 'How much is 2x3,'' I said '6', replies RALPHY.
'But that's right!' says his dad.
'Yeah, but then she asked me 'How much is 3x2?''
'What's the f....ing difference?' asks the father.
'That's what I said,' the son replied, 'And she still gave me an F!'
LITTLE RALPHY ON GETTING OLDER
Little RALPHY was sitting on a park bench munching on one candy bar after another.
After the 6th one a man on the bench across from him said, 'Son, you know eating all that candy isn't good for you. It will give you acne, rot your teeth, and make you fat.'
Little RALPHY replied, 'My grandfather lived to be 107 years old.'
The man asked, 'Did your grandfather eat 6 candy bars at a time?'
Little RALPHY answered, 'No, the reason he lived to 107 is because he minded his own f......ing business.
LITTLE RALPHY ON GRAMMAR
One day, during lessons on proper grammar, the teacher asked for a show of hands from those who could use the word 'beautiful' in the same sentence twice.
First, she called on little Suzie, who responded with, 'My father bought my mother a beautiful dress and she looked beautiful in it.'
'Very good, Suzie,' replied the teacher. She then called on little Michael.
'My mummy planned a beautiful banquet and it turned out beautifully.'
She said, 'Excellent, Michael!' Then the teacher reluctantly called on little RALPHY.
'Last night at the dinner table, my sister told my father that she was pregnant, and he said 'Beautiful, just f....ing beautiful!''
A few years ago I read that Corning's sales were from items that had been invented withing 10 years prior(back then, fiber optic cable, now gorilla glass). Just imagine GPS systems came from thin air, into being, then smart phones, then tablets replacing hulking desk tops. Somewhere along the line there is going to be a hybrid that incorporates today's electronic gadgets, and then some, and it will be called the i-car.
In the words of No. 40, "you ain't seen nothing yet."
Apple's iPhone now the 'digital camera of choice' among consumers.
http://www.appleinsider.com/articles/12/03/28/digital_camera_of_choice_for_consumers_is_apples_iphone.html
The stock price appreciates on 2 events, the release of the latest version of their existing products, or an earnings announcement. At some point in time, it will get hammered by the real world - US recession, Iran vs another country, near total loss of Chinese market to counterfeiters, etc., i.e. external factors beyond their control. For the time being, the more they churn out improved versions, the more cash gets hoarded. Don't get me wrong, I am just being realistic, and one happy camper, in at $194.30 .
Enjoy the original Happy Talk, with the beautiful France Nuyen, from my favorite musical, South Pacific.
The Navy found they had too many officers and decided to offer an early retirement bonus. They promised any officer who volunteered for Retirement a bonus of $1,000 for every inch measured in a straight line between any two points in his body.. The officer got to choose what those two points would be.
The first officer who accepted asked that he be measured from the top of his head to the tip of his toes. He was measured at six feet and walked out with a bonus of $72,000.
The second officer who accepted was a little smarter and asked to be measured from the tip of his outstretched hands to his toes. He walked out with $96,000.
The third one was a non-commissioned officer, a grizzly old Chief who, when asked where he would like to be measured replied,
'From the tip of my weenie to my testicles.'
It was suggested by the pension man that he might want to reconsider, explaining about the nice big checks the previous two Officers had received.
But the old Chief insisted and they decided to go along with him providing the measurement was taken by a Medical Officer.
The Medical Officer arrived and instructed the Chief to 'drop 'em,' which he did. The medical officer placed the tape measure on the tip of the Chief's weenie and began to work back. "Dear Lord!", he suddenly exclaimed, ''Where are your testicles?''
The old Chief calmly replied, '' Vietnam ''.
I Love This Country!
It's The Government That
Scares The Hell Outa Me!
The Four Cats
Four men were bragging about how smart their cats were.
The first man was an Engineer, The second man was an Accountant, The third man was a Chemist, and
The fourth man was a Government Employee.
To show off, the Engineer called his cat, "T-square, do your stuff."
T-square pranced over to the desk, took out some paper and pen and promptly drew a circle, a square, and a triangle.
Everyone agreed that was pretty smart.
But the Accountant said his cat could do better. He called his cat and said,
"Spreadsheet, do your stuff."
Spreadsheet went out to the kitchen and returned with a dozen cookies. He divided them into 4 equal piles of 3 cookies.
Everyone agreed that was good.
But the Chemist said his cat could do better. He called his cat and said, "Measure, do your stuff."
Measure got up, walked to the fridge, took out a quart of milk, got a 10 ounce glass from the cupboard and poured Exactly 8 ounces without spilling a drop into the glass.
Everyone agreed that was pretty good.
Then the three men turned to the Government Employee and said, "What can your cat do?"
The Government Employee called his cat and said, "Coffee Break, do your stuff."
Coffee Break jumped to his feet.......
Ate the cookies........
Drank the milk........
Sh*t on the paper.......
Screwed the other three cats.......
Claimed he injured his back while doing so......
Filed a grievance report for unsafe working conditions.......
Put in for Workers Compensation..................and
Went home for the rest of the day on sick leave............
AND THAT, MY FRIEND IS WHY EVERYONE WANTS TO WORK FOR THE GOVERNMENT!!
Today's volume was over 50 million shares. Seems like shorts covered (definitely at a loss), and then went short again. The next 4 trading days should be interesting.