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"In its fiscal year ended June, MedMen sold $130 million worth of cannabis and burned through $317 million in cash." (From Barron's). Tough to recover from this.
If Mitch McConnell announces he will allow a vote in the Senate after House passes it, yes, this sector will pop. But McConnell allowing a vote on a mostly Democratic bill, especially involving marawanee --- not likely.
I believe BTC will take another 1000 point hit tonight. A sudden dump after midnight. I am sick of this.
GBTC not following BTC price very accurately this morning. Not rising when BTC goes up, instead falling.
Trump to impose major sanctions on Iran Monday. It is possible to protect their money from seizure they may move it to Bitcoin and hide it. Sanction news insofar as Russia caused a pop back when.
Let's just hope that over the weekend it doesn't spike sky high and then crash and burn by Mon. morning.
I agree the stock will recover. Just disappointing to see something like this slow the momentum and cause a little worry.
And this news comes out 5 minutes before the close on a friday: "The Registrant is unable to file, without unreasonable effort and expense, its Form 10-Q Quarterly Report for the period ended April 30, 2019 because the Registrant's auditor has not completed their review of the Form 10-Q. It is anticipated that the Form 10-Q, will be filed on or before the 5th calendar day following the prescribed due date of the Registrant's Form 10-Q."
Friday afternoon news dump. Not too cool.
This is not a safe looking situation. It looks very worrisome right now and no one has any idea what will happen next. I am out for now. Thank God I had the perspicacity to sell at around 12.50.
War talk good for bitcoin. Fear of disaster good for bitcoin.
So, open at what? 11.50? 12.00?
Lots of Chinese mainlanders buying bitcoin, to get their money out of China.
If you live in the US and want to play online poker, Bitcoin is the best. But is this really evil activity? No. Buffett is a school marm.
The natural direction was up. Then a lot of unnatural selling kicked in. I don't like action that seems unnatural.
Am I a genius or what?
Has this thing become a monster which will continue its upmove? Or, is it now in doldrums until the next news hits. A correct answer to this is worth much money.
Yesterday's fluff taken away. The price is now where it was yesterday morning before all that hysterical buying kicked in. I knew that was fluff and would not last. That said, I do believe it will work its way back up fairly soon, but not today.
I think the fun is over till next week. I do not expect much today.
Any chance of a secondary offering soon? This is a concern of mine. Any thoughts?
I am concerned of a drop at the open. I am afraid it will shake many of you out. I believe that after ten minutes however it will rebound. I believe a drop to the .041 level at around 9:37 is where I will add.
Oh well. So much for that.
Looking for pullback to .028 level. Excellent support there. Probably tomorrow morning.
Patents are really the most meaningless news a company can have. Patents are a dime a dozen. It is how you utilize those patents that counts. And that is the tough part.
Let's face it. Most here know nothing really about this stock -- they just pretend to. LOL News comes out and everyone begs others to tell them if it is good or not. The only reason these people are so hyper is because the stock jumped over $3 a year ago. Fell back sharply. Then popped over a dollar a few months later. No one knows why these upmoves happened and are just hoping beyond hope it happens again.
They just posted a new Form 10-K/A, laying out everything that's going on and the status. It looks good.
According to an earlier post, the multiple myeloma patent application was rejected -- unpatentable because it infringed on other patents. So you have to convince me that post is wrong or your post is meaningless.
It's all about an impetus at this point. We need an impending impetus and I see none.