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Mate, I am in at $1.95 so I know what you mean, personally I'm in it for long term capital gains so I'm not bothered until after a year has gone past, if your timeline is that long you'll do very well I believe. But it will take months and years...
And what if you're here for Long Term Capital Gains tax rate? Need to leave it at least 366 days to get there and it'll be much higher in the coming years, my timeline is 2-4 years in this stock so I guess it depends on if you are day trading or investing... worth it in the 2-3 year timeline in your opinion? I'm hoping for around $20-$25 by around 2019/2020.
I agree it's quite speculative but compared to other companies in the Australian market it's already out in front and, like you said and we all know, it's links to canopy won't hurt one bit. It's the reason I think it'll be a winner in this sector, canopy are too good to invest in a crappy company; they're hoping to make a good amount on it and possibly a buyout (I would LOVE that!).
Good luck mate, I'm heavily invested but hoping to retire off of it.
Where are you thinking? Low 60's or down into the 50's again? It would be nice to sell my full position, wait for it to decrease and buy in lower to acquire more shares, but I'm just not sure if it'll retrace that much.
Pretty much a solid company though, perhaps the price is a little inflated right now but I'm here for the years, not the days/weeks so I'm more concerned about long term capital gains than short term price fluctuations.
Extremely early days though, especially on OTC. The change in PPS at these prices means big swings in my account but in the coming months and years it should slowly churn higher, hopefully then the big swings will just be upwards. But the point is that it's all about timeline, Zelda is more than likely a winner but it's just way too early, patience will reward us.
You've lost pat enough on this? When did you take a position? Above $10 USD would be a decent loss but it seems foolish to sell now surely? Especially with the lead up to legislation and recreational sales soon. I guess it depends on your timeline but I feel a few weeks will see some gains or at least make your losses less significant.
Really? I oddly find it unsurprising given the nature of the media storm around it at the time, a lot of people that smoke can be a bit paranoid but what are they paranoid about? Getting 'caught' by the police or some type of authority, if you can go to a place where it's legal, just the same as drinking (sort of but let's use that analogy) then I find people are more than happy to say 'when we go on vacation let's go somewhere where cannabis is legal' and there wasn't many places in the US last year. I expect the tourism to die down a bit once it's federally legal. Not as many domestic 'weed tourists' but then foreign weed tourism might increase a bit as it'll be available accords the states.
I think you vastly underestimate the powers at work here. Make no mistake the government and those that have 'influence' upon government regulations will get their very sizeable slice of the pie... we're just lucky to be along for the ride in this once in a lifetime change of legislation towards MMJ, another end of prohibition and with the debt piling up its time to cash in.
Just my opinion but to me it makes sense
Maybe pullback to around 0.06/0.07 at most but things will be moving pretty quickly in the coming months I'm thinking closer to 0.20 by June/july
Just my opinion
My position averaging around the $0.65 mark makes me feel pretty secure, this has run up quite a bit and could expect a pullback of some sorts, although with how fast things are moving it might break the dollar before any real pullback, no revenue to show for it but with most stocks in the MMJ sector its a lot more based on future earnings and potential rather than what's happening today, Auscann is extremely well positioned to grow in the coming months and years, if you'll pardon the pun, and it's links to canopy will continue to help it be a stable company that's here for the long term. I personally have a couple other speculative plays in Australia but my gut tells me that auscann is one of the surest bets there is right now.
Just my opinion of course...
Man it feels good to be first to the party this time! Bit of a speculative buy at the moment but all the signs are telling me that patience will pay off big time on this one. I look forward to the DD we share here in the coming months and years!
Here's to future profits!
Anyone else see the MONUMENTAL buy of 600,000 shares @ $0.09?????
Big things happening here, glad to be fully loaded!!!
I literally just filled my final order for auscann.. paid a little higher than I'd liked but I have my shares today at $0.71 which takes my average to $0.625 per share... not bad when I look at it like that. Let this sit here for a couple of years, maybe a canopy merger or maybe $4-5 on its own. This is 40% of my portfolio, I missed the CGC train from $1.50 and I won't be missing this one!!!
Good luck to all!! I truely mean that, especially to those with auscann shares!
I just placed a GTC order for 50,000 @ $0.10, even if the stock price falls and I get in at the higher price than what I should have I'm not concerned. I think the Australian market is a long term hold right now; same as the Canadian 2 years back, although these companies have a blueprint from Canada to follow so maybe it'll be easier for them; auscann and Zelda have a few ties and canopy and auscann have a close relationship too. I see these 3 stocks to be the Coke or Nike of their industry, I'm sure others will be big as well, aurora and Aphria are like the addidas and Pepsi in this metaphore, they'll still be big and I'm happy to invest there but canopy, auscann and Zelda look to be a trio that'll expand into Asia with Canada as the base. Perhaps a shift in continental economics for North America? That would be monumental but with the US lagging on MMJ and recreational; I just don't see how they'll catch up to Canada after 2018.
I discovered canopy and all the big Canadian LP'a when they were 1/5 the price today... should have invested heavily, I've got a chance at redemption long term with Auscann and Zelda. Just keep it quiet until Monday when my funds have cleared. I'm gearing up to load 40,000 more shares to my position. 100k shares of auscann could be worth half a million dollars within a year or two!!!
I imagine there are a good amount of buyers, just not many selling. This is a long term hold for sure! If I can double my current position I'd be very happy, even paying over the ask just to get shares, in 2-3 years time (if you have that long of a timescale) I believe that anything under $1 will seem very cheap. I'm in at an average of $0.55 and I'm hoping to cash out at $3.30 or above within 3 years. I believe that is extremely do-able, even if it's just a short lived run to take it over $3.... My plan is to place a GTC order after 366 days (gotta love those long term capital gains) for $3.30 so if/when it reaches there I won't even have to look at my portfolio, just go back to it in a couple years to find 6x the cash in there.
If it hits thar before 1 year (doubtful but possible I guess) I'll wait it out for $5... anything above $5 and I'm retired before 30!!!
Im so happy this has dropped back to $8, last time I bought a good chunk of shares it was at 7.50 then sold at 9.50, I didn't think it'd see below 8 again, I still don't believe it will quite get to 7.50 again but who knows, all I know for sure is that within 2-3 weeks, funds will have cleared and if its still at or below 8 a share, ill be loading up HEAVILY for a 2-3 year hold. Id expect it to be at least double the current price in 2 years time, being extremely conservative with the price and generous with the timeframe as well so I'm not disappointed.
Long term capital gains is where its going to be at with canopy, I'm already in auscann for the next 2-3 years, if that even see's $3 by then, ill easily be able to retire and ill only be 28/29 by then, retiring before 30 to spend my life with kids.
Anyone else here believe retirement money is more than achievable in the MMJ sector? I already know of one old business associate that sold his house and bought 120k shares of canopy at an average of about 1.90 he sold at around 12.00 and now owns a row of 16 duplexes, lives in one and collects rent each month while having no mortgage. Literally just lets a company manage it all for him and he gets an 8k check in his mailbox each month, taxes done repairs or updates paid for, management company paid for, everything, he literally just gets his 8k a month, spends half of it and tells me he buys shares with the other half every month, split between MMJ sector and dividend stocks.
I think something like this is completely achievable still, maybe not on the same scale anymore as CGC would have to hit around $88 now to get that same return, but something close to this.... at least comfortable retirement.
Back from vacation, was interesting reading the whole 'is it auscann isnt it auscann' debate, glad we realize that ACNNF is Auscann on the OTC, there are always a few hiccoughs when it comes to early days OTC, I don't believe companies like canopy or auscann are the typical OTC companies though, just can't get bank funding, or at least its very hard to or delayed, it will come.
Patience pays off in the end and with ACNNF it should pay off very big, similarly to when canopy was 1.50 a share or so, once they have the grow license, the first crop, the first revenue, the first quaterly profit ect... we will see a massive shift in stock price, as I've stated many times I think it'll end up at around the size canopy is now, so I'm hoping it gets to the $8-$10 USD kind of mark in about the same time as CGC (so 2 year timeline, good for long term capital gains) perhaps a little sooner as canopy is kind of lighting the way for auscann so I'm actually hoping its a little easier for them, and with the import deal I think theyll definitely be the biggest 'LP' in Australia.
So excited to get 50k more shares next week, then I'm finally done and can 'set it and forget it' then after a few months or years come back to a pot of gold.
missed all you guys on here, lets keep up the DD and be on the lookout for any new updates!
GLTA!!!!
All my opinion, don't invest based on anything I say.
Profit taking from 0.17 cents is all that is, I HAPPILY took a sweet 40k of that action today thank you! Im happy for whoever flipped close to 200k shares, they've got their profits short term and have allowed me to buy into my profits in the long term. Ill be holding my shares for years to come though, looking for a massive payday rather than a short term boost.
RETIREMENT BY AGE 30 MONEY!!!!
No worries mate, just time that we start message boards for some new Australian companies, just a case of when it was going to happen.
GLTA!!!
As we suspected, just the tip of the ice berg!
I got my Auscann, my Zelda and my MCG today, I plan to load up on a heck of a lot more auscann and aurora (Canadian) too next month, before 4/20, but I may hold a few pennies back for the new offering on that date, we shall see, I was dumb enough to buy a house 2 years ago rather than invest on the ground floor of the Canadian market (when canopy was 1.50 a share) and I won't make that mistake again, I truly learnt that for all sad words of tongue and pen, the saddest are there... IT MIGHT HAVE BEEN!! hence my name sake, Australia gives me another chance to invest on the ground... much easier for auscann to go from 0.50c to $2 than it is for canopy now to go from $8.50 to $34... aurora has some room to stretch its legs with the 800k sq ft facility coming in time for Recreational, but I'm gonna game on a sweet takeover deal with CGC taking auscann... the reason I think it'll be such a sweet deal is because, unless they do something quick while the share price is lower, the market will realize the potential of fright from Australia to Asia, by boat too!!!! super cheap, super quantities.
canopy can't have 10 fingers in 12 pies right now so it'll take its time and allow auscann to grow by its self (with a sweet 15% ownership of the company already) but not go too far so a juicy buyout would cost too much, they'll give investors a solid 20-30% premium on shares when converting them to CGC.
This is all complete speculation and could be 100% wrong, its just that Ive kind of called the mettrum deal 2 months before it was announced, called the whole canada situation 2 years ago when it was the ground floor and I won't let this pass me by...
Invest in Australia then when they legalize in the US invest in the new US companies, then when the UK legalizes, move the money to the UK for expansion and growth and then, while leaving some shares in each previous market, move onto the next one and gain a portfolio of worldwide cannabis companies, some may swallow your others up, some may go bust and some may pay dividends, but no matter what, investing in MMJ (in a smart company) will not lose you money in the long run.
Its the end of prohibition, a once in a generation/lifetime event.
I have just created an IHUB page for ZLDAF/ Zelda therapeutics so we can have a discussion there similar to here with auscann, hopefully it'll help provide good DD to help others with their investment choices, it's time to realize that while these companies are in their infancy, they are the current leaders in an emerging market in Australia and I believe that the main 3/4 companies currently will significantly increase in value down the years.
I am however, invested in both Zelda and auscann, finally got my shares which I'm happy about and I can tell you, I won't be letting them go anytime soon!!!
all of this is my opinion, do your own dd and don't invest based on my opinions.
GLTA- for all sad words of tongue and pen, the saddest are these... it might have been.
As I get the pleasure of writing the first message on this board, I would like to do so with an air of optimism for the future.
It is my sincere belief that the Australian market for MMJ will be huge as they have recently changed MJ laws and look to be in an 'early canada' stage currently in regards to law change, production and licensing. Furthermore the Australian market can easily supply Asian markets and European markets with easier freight delivery, especially to Asia where growing conditions aren't nearly as favorable as they are in Australia, where space can also be an issue, Australia has miles of dessert and open land to cultivate high grade MMJ.
While this board is open to discussion about the Australian market in general and comments on other Australian companies, this board is primarily for DD on Zelda Therapeutics.
I hope all that contribute to this board also find some helpful information that allows them to invest wisely and make the best investment decisions for their portfolios.
ALWAYS DO YOUR OWN DD AND NEVER INVEST PURELY BASED ON SOMETHING SAID HERE.
THIS IS A BOARD FOR ZELDA THERAPEUTICS DUE DILIGENCE AND IDEAS BASED ON THE POSSIBLE FUTRE GROWHT OF ZELDA THERAPEUTICS.
GOOD LUCK TO ALL!!!!!!
50k auscann shared to 30k CGC shares, that would be adding a little premium too though, just my hopes but I got screwed for 25k in OWC P.
auscann is my 5/10 year retirement fund
Im around the boise area... why?
I'm sure the long term of this company will mean the share price will increase but for me there are now better opportunities in the market than OWCP... lost a cool 25k here in a week so ill set it and forget it in a company that I see as having a better % gain in the long term.
good luck to you though.
People trading on the Australian market obviously think differently to the ones that are able to trade during the US market open hours... not even bothered by that much of a difference when its around .50c USD, this is a freaking STEAL in my opinion. One its up and going it'll be valued a heck of a lot more and the % differential will even out to barely anything. Same thing that happens to all stocks when they hit $20 a share or more, not as volatile in the percentages. A .10c monetary swing right now is 20% but that same monetary swing at $20+ a share is insignificant.
has anyone here even considered the bigger picture. I mean years time.
The world is changing its views on mmi and recreational... anyone remember what happened last time Asia was introduced to a drug by the west? conditions aren't naturally good to grow mmi there and there isn't enough space to grow in places like Tokyo... freight from Canada or even the US will cost too much, Australia is a short boat ride away, has thousands of miles of dessert and perfect growing conditions... I think canopy will end up swallowing auscann and auscann will supply the asian market.
multi billions in decades to come if you can look that far into the future.
I've never seen a stock thats more of a 'set it and forget it' and in years you'll come back to millions in my entire life.
this really isnt even to pump! I don't care about the stock price this week... month... year even... I genuinely am just grateful that I have an opportunity to invest largely into this company while its less than a freaking dollar a share even!!!
I don't think ill own 50k of auscann worth 25,000 usd in 5 years, my 'crystal ball' as they say shows me ill probably own 30k of canopy shares worth 600,000 usd. (reasonably at 20 a share I would say)
ALL IN MY OPINION, DONT INVEST BASED ON ANYTHING I SAY, IM JUST A THINKER AND A HOPER.
FOR ALL SAD WORDS OF TONGUE AND PEN, THE SADDEST ARE THESE... IT MIGHT HAVE BEEN.
Zelda was less than 0.03 usd the state of the week I believe, Australia is basically Canada 18-24 months ago, but Australia can supply the asian market and boy do they have a lot of desert land and sun there to grow... begging for the pullback all the way to .45/.50 cents and I'm loading with 100k shares!
like I said before, lets keep this one quiet for a while so we don't have a board full of pumpers and bashers.
Time line should be pretty quick, as long as they pass inspection (and I think they will considering they tout they have the best cannabis in the sector), it shouldn't be much more than a few boxes to tick off and then the license is in the mail so to speak, Ive got tired of people making price predictions on my other stocks I trade but supreme is looking good for the future, just looking at the chart shows we are ready for a good leg up and with supply dwindling amongst other LP's the should be clambering to get some of the high quality product supreme has.
Sales approval will come soon, I like overestimating things so I don't get disappointed, so I say to myself, give it 3 months from today and ill look back at a steep rise in a chart. NOT A PREDICTION but I would like to see $3 in 3 months time minimum, there will have been news on the whole sectors front and supreme will be in strong position, if others were up around the 2.50 point a month or so back, then in 3 months supreme will higher.
Sadly I've learnt that patience is a massive massive key to investing. It was a VERY expensive lesson and I intend to learn from it and park my money in supreme for the long haul. They'll supply LP's with top grade product and I personally wouldn't mind a big ass buy out and get a mettrum style deal from a massive LP. But that might be years away.
From what I've heard they're trying to limit that or do away with it so its not able to be grown at home medicinally, recreationally I'm not sure, I heard up to 6 plants in some of my circles but they're still working on it. HOWEVER, while cannabis is sure going to be fun for people to try to grow and smoke their own, I very much doubt this will have any real impact on sales and theres 2 big reasons why.
1. (recreationally) you can brew your own alcohol, my brother makes 2 large barrels of cider a month for personal consumption amongst himself and some friends, its a lot cheaper that way, but how many people do you know that make their own alcohol, and how good is it? Its WAY more convenient to pick it up from a store and then you also know what you're getting and to be honest, the price of a gram is dropping and will continue to do so as efficiency kicks in and competition rises, it was only 10 a gram because on the street there was big risk, so when its legalized federally and in other countries I'm sure we will start to see 5 a gram as the going rate or something close to that, so bottom line there is that while some will try to grow when its legal, the majority (95% or so) will almost certainly get it from retail.
2. (medically) if this is a medicine that a person is using, its hard to get consistency when going to a dispensary even nowadays, growing yourself (especially for new growers) will take a long time and a decent amount of effort and the product will most likely be inferior to what you can buy recreationally by then anyway, then delivery system and a consistent dosage... The biggest push right now in the medical sector is delivery method and standardization of dosages, if elderly are taking medications then they'll never go for a joint or probably even a vape they'll want pills or creams or dissolvable tablets or maybe even a patch or something, so flower/plant isn't even going to come into the medical arena in my opinion. Dr's won't go for something they can't measure and again, older generation that might use THC/CBD for symptoms will still see stigma in smoking/vaping.
I believe that flower will be recreational along with oil/dab/wax plus infused drinks/edibles and the medical side will all be what we have come to associate with medicine, so it'll be a pill or cream.
Kind of like how alcohol is consumed recreationally but is still used medically to disinfect wounds, medical grade will just end up being WAY stronger and a much more measurable delivery system.
ALL IN MY OPINION but I hope my thought process can help others.
Luckily my house just sold for cash full price so, ill use 30k of the total equity to buy auscann, even at $0.60, I've kept my money elsewhere after I sold 30k shares yesterday, thats 50k shares and ill ride that for at lease 1 year 1 day (long term CGT) but most likely hold for 2 years until canopy eats them and I get a mettrum like conversion deal or until they're worth $6-$7. If myna investment rises any more than 10% by tomorrow though ill be back before the weekend.
Im really hoping that this retraces to $0.50, its usually. Its a good sign when theres very little posts on Ihub about a stock, no-one is here yet, its 7pm and the party starts at 8, we're just here getting a little sip of pre-drinks right now, I just want to be able to come back with a keg before getting in the swing though, if you can follow the metaphor. 50k-70k shares for me, just need another few grand and a little dip.
I really am excited for the years ahead though, I'm only 23 so I've got time on my side, I'm just marveling at others who aren't investing in some form of medical or legalized cannabis (CGC, APH, AUR, SUPREME ect..) I mean if you have patience these should all be WAY better than holing funds in a saving account, yes theres risk to it but this is the end of weed prohibition and it looks like it'll become a global thing!
If we can just keep this one quiet for a couple more weeks so I can get my LONG position... that'd be great HAHA!
Will Auscann have a pullback of any sort soon? It's gone up quite a bit in a short amount of time, way over 200% now in about 2 weeks. Not bashing but about .40 from yesterday seemed about right to stay at for a few weeks before a new leg. I just don't want it to run up too fast and crash like other pot stocks
I sold 30,000 shares YESTERDAY at .45 thinking ill be back in around there too... damn I just should have accumulated, ill try and end up with 60k shares if I can, this looks like canopy but 2 years ago.
Anyone googled 'CBD and Psoriasis'?
Everything I've read has said how people have used home made cbd oil and used it to treat their condition and within a few days they are much better, the kicker is that they also report NO SIDE EFFECTS.
Efficacy will show that it helps treat psoriasis... because IT DOES. And very minimal to no side effects, also hemp/cannabis is very cheap to produce so still... everything tells me this company is onto a winner with both the cream and the tablet?! The drop is probably a mixture of profit taking and scared sellers IMO.
Not saying I'm above selling and rebuying but with my position how it is right now, I think it'll be profitable to flip or hold long within the next few weeks.
Nice one Rob, please do get a recording if you can! that would be a major help to all the longs on the board and new investors coming to get good info for their DD.
A decent interview, didn't get into the creams efficacy but I don't think they have to, it should be a good product and importantly it'll have no side effects and a heck of a natural alternative to some medicated creams these days.
Licensing the sublingual tablet could be a fantastic money spinner if they get there!
Psoriasis cream efficacy should be a great catalyst near term and then sales/ revenue should be another decent catalyst.
Watch this space, personally hoping for $4
MM's SCREWED ME!!! im down 10,000 shares from original position and about $30k!!!!!
screw this, got 15k shares and just holding for $3 just to break even, ill wait until efficacy for $4...
DOES IT HAVE to be $10 a share or $0.01 a share??? I mean, is there anyone that thinks this could be a correction and that it actually is a decent company thats just in its infancy like many other MMJ companies?
Does anyone think it could be profit taking and genuine consolidation and then slowly we move to $2 and back up to $3+ in the coming 2-4 months? Ive done DD and read both arguments and they are both quite ferocious for either the end of the world and you lose everything or its rocketing and all shareholders are wealthier.
It has shot up quite a lot for a reason of course, and its been around for a while, and genuine scientists are doing real work on these treatments that can be quite effective (so roomer say but again could be bias), they paid a large sum to be at the NY event and at least the management are aiming high from what we have heard, (nod to cherry there you bad4$$) and people are putting a lot of money here, heck of a lot of shares bought the last few weeks so lots of volatility and probably more to come, but by weathering the storm for a while could it be the company expands and raises its PPS at a modest but still exciting rate? 10% week over week for a few months?
yeah, I think long term ill be ok, but I don't yet trade with the hundreds of thousands of dollars, every dollar is my own and so 11k loss is decently damaging, but thanks for your reassurance, like I said in my last post, ill hold LOOONG now just because the shorts have annoyed me so much.
$8-$10 is now my target, I can live off of bank funds for 6 months if I need to before I sell!