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I'm pretty sure it hit bottom at .091, up from here or we bottom at .08 and fly to high teens. Can't believe it sank this low, but glad it did.
Can you tell us specifically of what truth you speak? That you know what you're doing? Or something about the company? I'm guessing this "truth" is that you were right? That's what makes you happy isn't it? Being right?
Can someone get this guy a cookie and an applause? That's all he wants. Who cares if you were right about the correction? What do you want if not a cookie and applause? Trying to prove you're really good at reading a chart accurately? That you have some sort of power or knowledge nobody else has? Yes stocks go up and down, it went up and you said it was going down, and this is the 4th post you made about it. Looking forward to more posts about how you are always right, and then no posts about when you're wrong!
True but technical confirmation is just one indicator, all it takes is someone with a $30,000-50,000 buy or sell to come in and move the price a couple pennies, one or 2 people out there in the world that places an order on the bid or ask doesn't really tell us where the price is heading tomorrow or the next day, just an indicator that may or may not cause people to buy or sell. But I think we can all agree things are looking good for SGMD very soon.
All indicators and fundamentals are coming together at the same time!
Woo hoo!! The sector is now up more than it was the last 3 times it was up on 3/02, 2/06, and 1/29! Yes those were the last 3 up days the sector had! The downtrend could very well be over, low stock prices could have bottomed out. I don't know the chances of continued up days or continuing downtrend, but it definitely looks good considering the massive selling the last 3 weeks, and the fact that I was predicting this based on my own records of close watching. This is great news for all cannabis stocks, and you probably won't hear it from anyone else except me because the day just turned more positive than previous days in the past 60 minutes. If the sector is turning up, it's best to be diversified in good companies that have hit new lows or are at lower prices.
x100xPercent
Woo hoo!! The sector is now up more than it was the last 3 times it was up on 3/02, 2/06, and 1/29! Yes those were the last 3 up days the sector had! The downtrend could very well be over, low stock prices could have bottomed out. I don't know the chances of continued up days or continuing downtrend, but it definitely looks good considering the massive selling the last 3 weeks, and the fact that I was predicting this based on my own records of close watching. This is great news for all cannabis stocks, and you probably won't hear it from anyone else except me because the day just turned more positive than previous days in the past 60 minutes. If the sector is turning up, it's best to be diversified in good companies that have hit new lows.
x100xPercent
Woo hoo!! The sector is now up more than it was the last 3 times it was up on 3/02, 2/06, and 1/29! Yes those were the last 3 up days the sector had! The downtrend could very well be over, low stock prices could have bottomed out. I don't know the chances of continued up days or continuing downtrend, but it definitely looks good considering the massive selling the last 3 weeks, and the fact that I was predicting this based on my own records of close watching. This is great news for all cannabis stocks, and you probably won't hear it from anyone else except me because the day just turned more positive than previous days in the past 60 minutes. If the sector is turning up, it's best to be diversified in good companies that have hit new lows, and of course, companies like this that keep making new highs.
x100xPercent
I love popqueorn
Wow you just have no idea what you're talking about, that's a nice theory but you think you know exactly what's going to happen. This is the OTC, you don't know why prices are low or why they are high, nobody does especially when you think it's a specific reason. You lost all credibility with your last 2 posts IMO, you're not a realist.
Resume downtrend? LOL maybe you should use trendlines then you would see we are in an uptrend, holding gains where most other cannabis stocks have been returning close to lows or making new ones. We are making new highs, dude and with current pps and the fact the sector is finally positive again (at least temporarily), we have an excellent chance of going over .20 by tomorrow, very low chance of going below .16 at this point unless the sector continues it's downtrend.
Sector is turning positive, up so far today. This is a great sign for all cannabis stocks. RSII at support level in low .13's, and it's currently down on very low volume. It will turn around soon, back up to .016+ today I think. Could be a great day tomorrow, if we get a nice PR or tweet, she's ready for it and we could break .02 within 2 or 3 days.
I disagree. I think it's more likely than not the pps goes under .20. It may only hit .19, but it has been breaking support levels the past year, especially at times of low volume. People are now used to seeing low .20's, .21 isn't super cheap anymore, but .19 is, most haven't seen it before unless you were in this since the beginning. The sector has not corrected yet, if the selling continues, it will likely also continue for OWCP and we will see a new low. Hopefully the last new low, I am bullish on this company as I have been for a year, but I'm also realistic and don't hold long term anymore after getting burned holding too many times. The sector (ie the stock market) seems to control all stocks as a whole. I'm not sure how, but how and why doesn't matter. I learned to make decisions based on what the market does because I have been consistently profitable trading this way. When you invest long on a stock, you must be willing to wait as long as it takes and endure the good times and the bad. I consider being long on an OTC stock very close to gambling, you really don't know what your chances are in the short term and everything depends on the company's success for the long term. I might sound a little off topic but my main point is that the market is pushing this stock lower along with negative sentiment from impatient and fearful investors, along with lack of interest in a company that is silent, along with many other factors, but there is plenty enough reason for this to go lower even if those reasons don't make any sense. Stock price movements hardly ever make sense, at least not to 90% of traders and investors.
OWC is partially being held down because of the cannabis sector. If times were good with cannabis stocks, OWC would probably be around .30-.40 right now. The sector is going to turn around soon, and the phase 1 trial results are due this quarter. We were just at .26 a few days ago, now we are likely to hit a new low under .20. The last 2 or 3 times OWC made a new low after the 3.00 run, it spiked up because everybody saw a price that was too cheap. So it's likely we will see this bottom out somewhere around .15-.18 and then see high .20's or higher shortly after. Once this breaks below .20, it will set of a lot of people's alerts and volume will pick up. Some alerts will cause selling and then buyers will come in.
Hope this helps you make the right decision.
x100xPercent
Calm down the only thing keeping this stock down is the sector. Lot of great companies losing PPS just because of the fact that more than 90% of trading days this year are down days for OTC stocks in the cannabis sector. The market is unpredictable, the pps does not reflect the companies' value in the short term, or whether or not the company is failing or succeeding.
I am predicting a sector turnaround very soon, we have had too much selling the past 2 weeks and a correction is due right about now. FRLF will likely be part of the sector correction. Hopefully the next correction, which can come as soon as tomorrow, will be the start of a sector uptrend.
The cannabis sector is down, again, and down a lot today. In the last 15 trading days (3 weeks), the sector has had only 1 up day on March 27, and it was only slightly positive. Sgmd is not tanking and correction was inevitable unless we got some serious news last Thursday. Thing is, they can't give us specifics yet when they are still working on things. But at any time we could get an update on progress with things, and on Budlife. They are still working hard on their systems, warehouses, production, EVERYTHING. Like they said, gearing up for 400%+ growth is no easy task when it involves sales of supplies that take up mass amounts of space. SGMD pps is holding up so far with this mass selling in the sector, that's gotta tell you something if nothing else does. If you are not aware of all the cannabis stocks that have been tanking, now you are. In fact, the sector has been down at least 90% of trading days this entire year.
x100xPercent
This racehorse looks tired. Is she just resting for a while or calling it a day?
Oh ok, I could have sworn they have a product with the 2 major compounds of marijuana in it, guess I was mistaken.
Just saying it's unlikely since the sector is down. "MM's" will bring probably this down before it goes up much more, we are at a resistance level on low volume. Those are the facts, what actually happens nobody knows, but I do know there's less than 50% chance this hits .02 today.
Gonna see .015's before .02, watch
Nice run as charts showed. But I think it's topped out for the day. Sector is down AGAIN, 2x more selling than buying today in the sector, RSII top 5 gainers because of the much needed correction. But it's up on low volume, can tank at any time, there's a lot of shares out there and low liquidity. Be careful!
Draw a support trendline using 6 month / 30 min chart, 1/24, 2/20, 3/29 lows are support, it is absolutely beautiful looking, odds are more green days this week not only because of the chart pattern but because the sector is about to correct from too much downside, especially after Wednesday's and today's excessive selling in the sector.
I think during the summer as long as there is a significant uptrend in the sector and budlife sales.
You sure that's it? He did say it would be after hours today.
I was talking about Q1 2018 for budlife
A lot of people out there don't know what's coming, so they will probably sell the news. Too bad for them! I think the 8k was more of a legal thing, and possibly more like a courtesy to inform people of good things coming. I believe the Budlife product was officially released to them this morning, as they expected (Today is end of Q1). We don't know when sales will start, but most likely the product is in their control now and will be discussing it further than what was said on Facebook this morning. This is not a PnD stock, this is one of the rare ones that is a very good investment choice.
I got me a nice chunk of .215's!!!
I think statistically speaking, next week the cannabis sector will see more than 1 day of upward correction, and RSII is very likely to get some of that. Question is, where is the bottom? Low volume here, can spike in either direction with only a couple million shares.
SGMD closed flat on the biggest down day for cannabis stocks since Jan. 4 according to my records.
Is this going to be power hour or poorer hour?
"Why" never matters in the stocks world. The sooner you realize that the easier it will make things. The stock market is like a living entity that we cannot see. Think of it as "God" of all stocks. "He" can make stocks do whatever he wants without reason and nobody can predict it. What does matter is how you react to the unexpected. 90-99% of people lose money in the stock market, that number is probably higher on average for OTC stocks. Why do you think that is?
What I can say is that the market does correct itself. When and how much it corrects is always unknown, but it always goes up and down, up and down. I can also say that after big down days like today, which only come 1-3 times per month on average for the cannabis sector, are usually followed by up days for some correction. And since the month of March has been down about 85% of the time, the up days might be larger than the last set of up days (first days of March). Next week could be great for RSII based on several patterns. If it goes down and you don't buy, or even worse, you sell out of fear, you will most likely be part of that 90-99% I mentioned.
x100xPercent
BIG down day for cannabis sector today, equal to the last big down day (1 month ago, Feb 27). Only about 7% of cannabis stocks have any green to far today, and all those are less than 10% up! Feb 27 was followed by 2 more down days, only down slightly, followed by 4 up days early March. I believe today will be followed by up days next week, and we should definitely get an extra boost from that as well as any buying resulting from the upcoming information tomorrow.
BIG down day for cannabis sector today, equal to the last big down day (1 month ago, Feb 27). Only about 7% of cannabis stocks have any green to far today, and all those are less than 10% up! Feb 27 was followed by 2 more down days, only down slightly, followed by 4 up days early March. I believe today will be followed by up days next week, we should definitely be part of that green as we are the biggest loser out of 100 stocks today. The market always corrects even if only temporarily.
Just a little lower... then boom, reversal.
NOW this is definitely oversold. Might hit .012 but gonna be back up to .016 real soon. I'm loaded up at .013 I'm not being greedy waiting for cheaper, gonna be over .02 within 2 weeks.
The more sideways days we have, the higher the chance of a day with an upward movement to .02+. If it dips down before then, it will be a temporary dip. This stock moves on anticipation, and we are now anticipating something happening in late April/ Early may. That's like a month away, less than 25 trading days.
Volume!!
I now have the largest cash position in SGMD compared to any stock I've ever had (30% higher) and feeling great. It's borderline year's salary (hourly) of my part time job! Come on Budlife!
There has been a stop sign since it was .08, financials audit completed and more financials posting mid April to bring them current. Many people do not know this so price is still under .30
What effect might this offering circular have on the share price? Is it good or bad?