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You can correct me if I'm wrong but I view that news as issuing a potential 8 million new shares. 4 million already issued and 4 million could be in warrants. I owned shares of a company that had 24 million shares outstanding. Now it could be 32 million. There is a cash influx but it's not dollar for dollar. We paid for it. I understand it's a necessary evil but in the meantime we just got watered down big time.
So more dilution?
It was. Yes I expect it be it's lowest in a long time on Christmas day.
I said volume is lower today. You said it's because it's a Friday. I told you the last two Friday's the volume wasn't this low. You're trying to argue about a simple statement that volume is low.
Take your argument elsewhere.
I would call well under a million shares much lower than what the past few weeks has seen and that's where today is headed. Anyways...I'm just pointing out that volume has dropped today. Argue away...
The last two Fridays weren't low.
Volume dropped considerably today.
I'm always a skeptic if you can't tell. But screw it. Come on $10!
Upped my holding with a dip to $3.33. Hate when the potential excitement takes over the brain. It has no idea which way to go today.
Relax buddy I read it wrong. I read it as a strike price of .001 while the stock is at 3.45.
Every time you predict the opposite happens.
I'm aware that ONE time it shot up like crazy. Generally this stock trades around $1-$2. People get excited about marijuana and it shoots up from time to time but it's based on nothing fundamental about the company. I sold 2/3 of my holdings the other day at $4.62. I'm going to let it tank again then buy back in. No freaking out here. It's just funny reading people post that they're happy when it goes up AND happy when it drops because it "needs consolidation". I was here last year when people were happy about it. But it never shot back up. Just kept consolidating, and consolidating and consolidating. I'll buy more as soon as it's below $2.
It's not going down. It's "consolidating". 33% decline in less than 2 days and people still think it's a good thing.
The chairman was given essentially a bonus of $3.1 million??? LOL for what?
Right that's why I'm just sitting on a little bit. But the people expecting it to go to $10 or....$75? They need to actually earn a profit before you see that kind of growth. Right now this thing only jumps as a result of short term hype. Then goes right back to where it should be valued.
I don't think I've seen a positive earnings yet unless I missed it in the last quarterly.
Lots of good names back but I can't remember the one guy who was the best. He ran a fund that invested in marijuana stocks. Everyone made fun of him when he predicted it to drop close to $1 because everyone thought it would go to $10+. He was dead on.
I like this stock as a small holding because it's exciting to think about the potential, but anytime it gets close to $5 it tanks. They really need to figure out how to actually turn a profit for this to go anywhere. It jumps every year on hype but I'd like to see it make a serious run.
Completely agree.
Your very specific post from yesterday didn't happen.
That's a rather specific post on tomorrow's prediction. Let's see how you do.
What is the point of laughing at the guys saying they shorted the stock after one day? The last several times this stock spiked it crashed and burned shortly after. Just a year ago it spiked to the high $4s but did nothing but drop for the next 12 months. Anyone who shorted it might have been laughed at for a bit but they certainly got the last laugh.
Just wait and see. Maybe this time will be different and it can actually sustain it's growth.
What are some of your top marijuana companies currently that do have a positive long term outlook?
How so? Seems average or even below average.
I've always enjoyed your posts except for your constant attacks on Alan when he predicted this to tank. Seems like he was dead on.
I have no idea what you are trying to say.
What boom?
I think you first predicted $10 by 4/20. Then $5. Getting much harder to do as it's moving in the wrong direction...
Guess we will see very soon.
I appreciate your enthusiasm but do you have a single reason why you would expect a 100% increase in 2-3 weeks.
Wait. You think Cann is going to have a huge run in the next 3 weeks because that's whats happened last year? If that were true then you could just trade this stock by simply looking back one year all the time.
So you're trying to say she sold based on Q4 results that are not public yet? She would be locked away if that were true.
Thanks. I wasn't looking for the legal date they have to have earnings in. Most companies have their own timeline when they usually release earnings. Looks like CANN typically releases earnings a month and a week after the quarter end so we should expect news on that around February 6th or 7th.
Does anyone know when earnings will be reported?
Very low volume today. Some news would help.
Vowed to stop it? I certainly didn't get that from that article at all. Way to make that article way more dramatic than it was...
Are we looking at this as a make or break day? Either Sessions takes a stance that the states can make their own choice or he is going to bring down the entire recreational use movement?
Are you not the Alan Brochstein that started "420 Investor"?
Earlier today you said you wondered how these runs are manufactured. Now you're saying that you perfectly traded this run?
In the same post you claim that the POT sector is done AND that CANN is a pump and dump scheme. Which is it?
It's always funny how people see a few movies and then try and sound fancy anytime a stock declines and call it a pump and dump. This took two months to fall where it is. Pretty lame scheme...
There are other great marijuana plays. My biggest holding is a big part of the expo that starts this week and I'm expecting them to start their run tomorrow or Thursday. Also have great growth on their revenue each quarter.