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You're always asking for advice on this stock. You really need to learn to do your own homework. Otherwise a penny stock like this might not be for you.
But personally this is the worst quarterly I've seen from them.
I don't think the federal government is going to move nearly that fast. I'd be shocked if it was even in consideration in the next 6 years that Trump is in office. He's being smart and letting the states currently decide on their own and staying out of their way. Taking a very conservative stance.
I would love to hear how many chartists predicted this news! LOL
I am long, but it has nothing to do with a chart. This stock doesn't trade on fundamentals. It trades on news. The entire industry is running just like it did in December. Way to call it in the middle of the run.
LOL!
Today is going to be HUGE.
I remember that too but he doesn't fess up to these kind of call outs. So you're basically yelling at a cloud.
Yeah it would really suck to buy around $2 and sell around $10 again. This stock will probably continue to drop right now while there's not much marijuana news. But at some point probably 6+ months out there will be a new buzz with new states legalizing and it will run. Not going to feel sorry for those that miss the boat.
Same here. I've been sitting on cash after selling out a long time ago around $8. I've been waiting for $2.50 and just bought some for $2.25 a few minutes ago. Next buy point is $2. Didn't think it would happen in the same day lol.
I'm expecting this to start dropping again so I just sold most of my limited amount. This was kind of a half assed run. There's really not any news that's going to drive another craze currently. Looking to load up again if it can drop below $4.
Until we have a reason for new investors to want to jump in it will drop. There will be no support and no it's not the market makers fault.
UH....according to the post you referenced if people listened to you they would have lost 17% by buying on October 3rd and selling a month later.
Instead most of us sold between $6-$10 and are waiting to buy again once it stops free falling.
This reminds me of my days in high school when I worked at a golf course. When it was raining people would always walk up to the starter and ask "think it's going to stop raining?"
Every time he would reply "always has in the past."
LOL no one here was buying at $10. The good news for you is that you are almost at the point of breaking even on your $3.30 short.
The stock is at $5. You have a LONG way to go before you start claiming you are right.
We know. What is your point?
I'm not sure you understand what facts are.
You don't agree you think. I don't think it's going to $1 so there's nothing to agree with. If it hits $1 we will throw you a big party. Until then...
No I don't agree with Wally that it's going to $1. I'm not sure he even has a clue what he's talking about. He only posts on down days and acts as if he's already been proven correct. Meanwhile the stock is nowhere near where he predicts it to go. I do think it could drop to $3 or $4.
Everyone here was selling around $10 to take profits. Most only held onto a small portion of their holding. The hype has died and it should bleed down for a bit until something else in the industry drives another craze of new buyers. Wally is laughing because the stock is dropping yet his posts are a week after everyone already talked about that.
I think most of us are aware of everything you said. It will bleed until the next big marijuana story. I don't see the problem with people making money on that...
How many times have I read someone post "there is strong support at $7.58". Only to watch it tank right through the supposed support. This will drop until something happens where new investors come flooding in. A chart isn't going to show you that. If people just pay attention and load up after it drops you can sit on it until the next big media storm happens.
This is correct. If you didn't sell a majority of your shares somewhere in the $8-$10 then you just haven't been paying attention to this sector. You have to ask why would every stock in this sector take off like it did right around the new year? It was ONLY because Cali was finally going to be legal and everyone and their brother wanted a piece of the pie. Very similar to bitcoin. The craze hits and tons of new investors flood into the sector and temporarily drive up the price.
Stop looking for fundamentals and looking at a chart. You won't find your answers there. This sector is still very new and it is driven on hype. If the federal government announces tomorrow that they are legalizing you would see another HUGE boom. In November if several more states legalize you will again see a run. Get in when everyone is going crazy over marijuana, but also know when to take a majority of your gains off the table because the craze will run out.
I'm waiting until something in the $4 range until I start loading back up. I think we're only a week or two away from that.
It's actually pretty simple. This stock just like every other marijuana stock trades on hype. When there is something out there that draws in a ton of new investors they take off. This time it was California finally being legal. Everyone starts talking about it and tons of new investors flow in. Then it dies down and the stocks decline. You can make a lot of money just getting in when you see something that will draw hype again to the sector. That's why I always laugh when the idiot posters run to this board and claim "pump and dump".
Anyone staring at a chart for CANN or trying to comb through their financial statements is just wasting their time.
It blows my mind that this site allows you to continue posting on multiple stocks and claiming "scam" and "pump and dump".
You are aware that attempting to manipulate a stock through a message board is illegal, right?
Why do you keep talking about buying??? No one is buying here. You are preaching to the choir.
See that's what I like about you. You pay attention to the details. I'd be lost without you. Now I have to fix my portfolio. I bought once it hit $10 and I should've been selling. DOH!
I just looked into my crystal ball. Cann is going to go up and down in the next year. Don't say I didn't warn you! I guarantee it will happen.
What did you warn us for? Most of us have sold off a good portion when it hit $10.
Anyway, volume has certainly declined. I think the hype is slowing down and it will take some news to get it going again. Could be federal news, CANN announcing more deals, or more states adding to the legalization trend.
Who said anything about buying now? And didn't you say the same thing $5 ago?
Man if this drops to $6 I am in a GOOD position.
I must have missed his post yesterday. I wonder how his $3 short is doing? A few weeks later he claimed to short it at $11 even though the stock never got that high.
I've come to realize that you're wasting your time talking with the "shorters". They run around to a bunch of boards doing the same thing. I doubt they're even shorting it.
Cann could go to $50 and they'd come here and tell you it's a scam and a pump and dump.
Hey buddy! I'm enjoying my 10% gain on those $10 shares you said I bought! Where you at bro?
Why did my message get deleted?
Agree. The shorters are going to be really sorry soon.
I'd be scared shitless if I shorted and the day after the AG dropped major news the stock was even...
Exactly. Most that were smart already did sell some if not all. Let the dust settle because the masses will freak out over the news.
evidence of a scam
We are waiting...