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Alrighty, since you pointed it out, I went ahead and read the ol S1, and it sounds pretty dang good to me.
Well I certainly didn't notice, so thanks for pointing it out. LOL.
I've mentioned before that Biden himself is a doofus when it comes to MJ. The main thing is now legislation can happen now that Mitch McConnell can no longer block bills from being voted on. But, it seems like traders are waiting for that to actually happen this time, rather than have another hype rush. The SAFE act was reintroduced in the house just a couple weeks ago. That could be the first step of many.
Yawn. Keep posting those scary buzz words.
You're trying too hard. The whole sector has been in a slump. And we've actually talked about that in here too. So again, you can stop pretending you're bringing anything new here
You're months behind the curve. DS and the rest of us regulars in here knew about the dilution last year, when share holders voted to approve more shares to help pay off legacy debts. If you do just a little reading in this board, you'd see we're all well aware of CANN's business side, and you can stop pretending like you're enlightening anyone. LOL.
The price swings are what make this ticker fun to flip and play. I barely bother to read their Financials, and instead keep track of what's happening politically, since that's really what drives the sector.
SAFE Banking, the last time it was introduced in the house, passed 321 to 103, with just over 90 Republicans voting in favor of it. Mitch McConnell made sure it never came up in the Senate. So now, with ol Dinosaur Mitch FINALLY out of the way, it can come up in the Senate too, after the House votes on it (I have no idea when it might come up for a vote, I couldn't find a firm answer). Since that last vote, a couple more red states have legalized, and I suspect the Senate won't have a major issue passing this particular legislation.
Just wait. We'll have ups and downs and the sector is known for volatility.
$$$$$
This is the kind of stuff we saw in 2018. Gap open, price spike, then a big dip
EDIT: Double
Sold a little at 2, picked up some more at $1.50. This is the price action I was waiting for.
I've got less than 20k, but I've had a bunch I've held since they were Canfield Medical shares. LOL. Took some patience, but YEARS later, here we are. Nice thing about old shares you almost forgot about is, it's no big deal to hold on a while longer.
Great day boys! We hit that 1.99 HARD multiple times. I'm excited to see how things continue
I did not expect to be flirting with $2 today. Fuckin loving this price action.
Well, I agree with you that the leadership with this company is top notch. They'll do fine either way, but, the CEO has expressed his goal to be uplisted, and there's a lot of traders who would otherwise not be interested a non-blue chip stock like this one. Uplisting will attract all those types of traders, which combined with the continued direction the company is already moving will be a perfect storm for us.
I feel like the only thing keeping us from NASDAQ listing is the minimum price requirements. Once that uplist happens, this thing will be a lot of fun.
Not bad at all. I love this sector man, every couple years we can all make some money.
Nice. I've been playing CANN since 2014 as well.
They certainly could pull together and become a player. The dilution that was approved last quarter means they can pay off their legacy debts and things. Throw some banking legislation in there and you never know.
For me, I'm just interested in the waves for now. If the sector starts being a lot of fun like the days of olde, I'll start looking for a hold n' forget option after I've changed my situation a bit. :D
Well it's never a bad idea to hedge your bets. If you took some profits now, you could be a little more aggressive with what's left, at least IMO. I'm simply holding at these price levels, because no discernable pattern has emerged.
I feel like we're in the beginnings of a 2016 style rush. It was a bit slower to get going, before eventually being a big thing with a lot of money to be made. Legislation could turn this into a frenzy, but we don't know exactly when that might happen.
I'm liking this price action today. I didn't do any trading, but the opportunity for some flipping was certainly there this morning. I'm hoping we get into a serious pattern like we did in 2018 with big waves for everyone's enjoyment. We'd gap open huge, come all the way down into the red, then spend the rest of the day climbing up. It was a flipper's paradise.
Mornin' boys
I'm happy with the trading lately. Decent volume, closer spread. The price was far more volatile under heavy shorting last year, so slower and more steady price increases makes me feel a lot better.
Nice close. Good to see some movement. I'm excited to see what the next year or two bring us
Serious revenue stream in China. I've had this stock since it was Canfield Medical. Its fun to see this action.
The rumor is banking regulations are gonna be put into the stimulus package. McConnell and Schumer have reached an agreement and now the democrats can take over the Senate Committees and actual legislation can now happen.
After the stimulus, there's other things like the MORE act that are now on the table as well.
What specifically are you claiming is going on in here?
Totally Agreed.
We're still 3x as valuable as the 52 week low. ;) there's a lot going on elsewhere in the world, I'm still waiting. Bored, but waiting
Like I said man, these are exciting times. If legislation doesn't throw the sector into a full fury, then nothing will.
Fuckin A man
If some legislation happens and the market responds you'll have plenty of time to come back in should you desire. I've been using my MJ profits to diversify a bit lately. I'm glad we're not down at the year lows, but I feel you on the boredom
I'm not doing much these days. No clear trend has developed yet, we just have increased price and trading interest.
In 2016, we went from $1 to $2, then back to $1, 3 or 4 times before it slid all the way down to $0.35. Then over the next couple months we grew to $5, with plenty of time for flipping and trading and profit taking.
Therell always be the volatility here, and that's in part what makes it fun for me.
A Republican from Florida has submitted the first MJ reform bill of 2021. This one is very simple: It would reschedule MJ from Schedule 1 to 3. I see no reason why this wouldn't pass with bipartisan support in both chambers of congress. Republicans who aren't in favor of legalizing but ARE in favor of medical research would absolutely jump on this one.
https://www.marijuanamoment.net/congressman-files-first-federal-marijuana-reform-bill-of-2021/
We're still nearly $1 over the 52 week low. These are exciting times my friend. Coming down for that flat close on a Friday is perfectly fine.
Still plenty of time left in the day, but we've had a ton of trading in the mid 1.30s. I'm fine with this even if this is all we're getting for the day. Establishing and getting comfortable with this new price level is perfectly OK in my book.
145k shares in 10 minutes, on a Friday. Good gracious. I was wondering if today would be a bit slower, then pick up again Monday. That doesn't appear to be the case.
Scams! They're all around us!
Well the thing about scams is, scams be as scams do. So look out for scams while you're hunting for scams. And if anyone isn't sure about scams, be sure to post about scams daily. In fact, multiple times daily.
Scams.
Am I doing it right? Am I saying the word enough?