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now that the charts are resetting in such a volatile fashion, the new RSI runways heading up are going to be at much higher levels for all the mj stocks Barchart is showing $5.30 is 80% for LXX, without todays numbers factored in. Basically, it could now shoot to about $6 and still not be considered too hot.
Pretty sure well get at least one more run before Canadian legalization.
if you track all the mj stocks individually, 80 to 95% RSI was the norm for most over the last couple weeks.... and no one was paying attention to the moving averages. The tickers were starting to break their 20 day averages this week with lots of room down to their 50s. So the sector will correct and stay volatile until people learn and tighten up the game. But since everyone's cousin and grandmother is piling into the sector right now hitting market sell and buy like a slot machine, continue to expect the crazy swings. As the prices go higher, the roller coaster will get even more fun and stomach churning! :)
Yes. I made a few trades over the last half hour.
I'm back in, but still pissed.
with TD and RBC down, no Canadian buyers to combat shorts. Feel scammed as there is no normal market at moment (at least on CAN side).
i'm watching from a Jamaican beach. Best vacation ever. lol
are you referring to the same ticker? My post was about Neutrisci (NU).
If you're talking about LXX/LXRP, I have absolutely no worries on low volume over Christmas.
I got out a little while back. I doubt they have the lights on with the cash and cash burn shown in last fins.
Either prepping for a raise or a buyout. Flip a coin.
Canadian short number is interesting...
LXX 2,437,000 (up 2,399,000)
Closing price on December 15th was 1.98.
I'm officially in the rabbit hole and my day is screwed. :)
I knew about Ripple in the past, as with 1000 others claiming various stuff. The tweet today intrigues me because of this "Triple Absorption" tech that is used...
From Stillwater website: http://stillwater.life/product/ripple-10/
From the just released CANNAINVESTOR interview with Chris Bunka, you'd think he's describing the same thing. No?
intriguing.
My 500 share buy at 1.87 did the trick. :P
serious consolidation. Just keep churning the shares.
voila... back to green on both sides.
I'm actually impressed so far this morning. All the dumps are being absorbed. We still seem to have a ton of money wanting in. About half a million shares have already traded.
Think back to a few months ago and how it would have looked if someone wanted to dump 500k shares.
December Canadian CANNAINVESTOR issue is out with a Chris Bunka Q&A.
https://view.joomag.com/canadian-cannainvestor-magazine-december-2017/0665971001511475843?
just a guess on a possible catalyst for the run over the last week. On November 27th, Lexaria moved ahead with requesting an examination of the Canadian patent. Could that have meant something to someone? If Canada moves as fast as Australia did (I would never bet on it), approval could be here well before legalization.
gonna hit 3M shares traded before noon.
some guy keeps pushing up and adding to his share floor bid on the CAN side. Now 65K bid at 2.66.
2 million shares traded in less than an hour.
ya, they were pressuring on the ask. It had dropped to the low 2.50s and came back within a minute. then some just slapped the shit out of them in one buy.
someone just took out a 60k total block at 2.64/2.65 on the CAN side. nothing left.
a million shares already traded.
average daily volume on CAN side already beaten within 25 minutes.
volume is going insane.
Lol I went to sleep well after this post and got a good 3 hours in. Wired as hell. Might need a coffee in a few hours.
Good luck to all today.
2.5M shares traded. lot's of cash has come in over the last week. shouldn't we all know a good rumour by now?
we hit 2.00 on CAN side!
watching the CAN side with awe. whoever flushes... it's immediately right back up. prize fighter won't stay down.
Canadian short numbers out. They covered! Only 38,000 short as of December 1st.
my guess is the hedge fund that seems to have their way with mj stocks, and fuck over retail. I believe they were on the PP earlier this year.
http://www.mmcap.ky
Over 2M shares traded. multi million dollars have shown up today.
Lexaria tweeted out more tease from NNW...
https://www.networknewswire.com/lexaria-bioscience-corp-cse-lxx-otcqb-lxrp-partners-stakeholders-participate-global-scale-dehydratech/
Global is the key word for the day.
1.2M shares traded in less than an hour. We used to get a few thousand dollars worth of action a day... now in the millions.
i just sold 2500 shares (200 of them at 1.45) on the CAN side to fill the gap. lol didn't feel like waiting.
over 2M shares volume between the two exchanges.