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Retesting .18 I agree with, and you could be right about a late run up, but it could also push back the Bid into the .17's. Time will tell. Appreciate your post.
Good post. Today feels like a false run, and will likely drop way back by days end. Yet, as you mentioned, later this year we could potentially return up. Let's hope so.
No news...a run that should fall back to (guessing) probably somewhere between .17-.185. The daytraders that are way up are going to sell off by day's end. It's great to see this happen, because it's good to know it can run like this from time to time, but realistically it'll take news to break up and hold over .20.
Be wary of a crash... this is good, but be careful, it may fall back quickly to .18
Update: ARCA ask down to 26k :)
Update: He's broken!
ARCA ask 50k, right on schedule... smh. Pay attention to the actions.
Update at 9:39... buys came and filled about 10k at the ask and ARCA bailed, temporarily, but is now back once the fills stopped. He's down now to 46k :) Lost a chunk in that last buy.
Update at 9:44... he's down to 36k :)
The .16-.18 range continues, though it's really been roughly .16-.175, with resistance at .18 and support at .16. Anyway, we've seen PPS manipulation ongoing for the whole week, with an ARCA ask at just over 50k popping up at the ask until some ask fills come in, and ARCA bails. They've been walking the price down is a classic strategy, but once some strong buys come in, it'll end and push back to .17+
What did I tell you?! ARCA ran away! Now back once the shares stopped pouring in... manipulation folks. Buys at the ask will scare him/her off... again.
2-4PM CST, TD Ameritrade is featuring Cannabis stocks on their network. :)
As well, THANK YOU to all that replied to me regarding my prior post. :)
Thank you. It's important to have civil and researched clarity on the board. You, Moxa, and a few others provide that and it's greatly appreciated.
I have shares in only one stock-- OWCP. I also hold and manage shares in OWCP for my nieces, my parents, my brother, and my daughter. Yes, it's putting all of my eggs in one basket, but I'm confident in the people, the science, the pipeline, and the positive global movement regarding cannabis.
Agreed. BTW, it's funny watching this ARCA ask for 56k that has been playing chicken in the symbol for the past few days. He/she comes in and makes it look like there is a big sell at the ask, but as soon as someone fills any shares on the ask side, they go away immediately and then try again later. Pure manipulation.
I'd get immense pleasure if a buyer wipes out the ARCA ask shares in one big swoop, so they cannot pull back. LOL!
The bounce between .16-.18 continues. It'll go up through .18 ultimately, and shoot up into the .20's. The question is When?
Breaking up & through .174/.175 and then the resistance at .18 will be key for PPS movement to escape the current .16-.18 range. Naturally, it could go down, but Cannabis is HOT right now for a number of reasons and OWCP is well-positioned to be worth a great deal more than they are currently. Sure, daytraders can make money flipping it, but investors will get a serious payoff in due time.
Outstanding hire. The PPS is ticking up. One can never be too certain, but it feels like it could pop and run up.
It's bouncing between .165 & .18 and may continue to do so for awhile. However, as we all know, it could run at anytime on any day.
MJ & CBD news from the UN/WHO, from the article:
For the first time ever, the United Nations (UN) is launching an in-depth review of whether marijuana is properly classified under international drug treaties.
In a related development, the UN’s World Health Organization (WHO) has announced that cannabidiol (CBD), a compound in marijuana that is increasingly used for medical purposes, does not warrant being controlled under the global agreements.
“The Committee recommended that preparations considered to be pure CBD should not be scheduled within the International Drug Control Conventions,” WHO Director-General Tedros Adhanom Ghebreyesus wrote in a letter announcing the moves. “The Committee concluded that there is sufficient evidence to proceed to a Critical Review” of marijuana, hashish, cannabis extracts and THC.
This is just another in a long line of reasons to be excited about the future of quality MJ/CBD stocks, like OWCP.
This is very exciting...
Nothing unexpected here. These quarterly updates can surprise on occasion, and it feels good when it pops and is just 'normal' anticipated stuff. I feel like Barbrady from South Park, "Move along people. Nothing to see here." LOL!
Thanks eagle22. The AOA is just one of many organizations that see the immense value in reclassification and, naturally, cannabis itself.
Once .1611 is broke through, this'll run up and then settle in somewhere between .16-.18. HOWEVER,there is a possibility it'll retrace up into the .20's very soon, and stay there until some really positive news breaks. Trading at these prices is -to be fair- way too low. It's a .22-.24 stock that hit a summer swoon. When the great news that many of us have patiently been waiting on occurs, this could ultimately run well up into the single dollars... maybe as high as $6 or $7. Five-ten years from now we could see much more than that.
Agreed, another positive step. As well, it's good to see them communicating more frequently. This is an important study, and will take 6 weeks to complete. It's looking good for shareholders.
One positive news release =.20-.24 or higher... where it should be.
New study: CBD improves cancer https://www.drugtargetreview.com/news/33869/cbd-improves-cancer/
"Mice with pancreatic cancer that were treated with a naturally occurring constituent of medicinal cannabis alongside chemotherapy, survived almost three times longer than those treated with chemotherapy alone, a new study reports.
The study was led by Queen Mary University of London and Curtin University, Australia. It tested the impact of the cannabinoid Cannabidiol (CBD) on the use of the commonly used chemotherapy medication Gemcitabine as a treatment for pancreatic cancer in mice."
DD is crucial and I'm in with all I have. I've invested in OWCP for my daughter, my parents, my brother, and three nieces. Something this important does not get chosen lightly.
This was just trading at .23 and will begin to get back up over .20 before too long. May settle in around .18-.19 temporarily. Just my thoughts.
Exactly... great time to buy. Smart move by the company and, as usual, people overreact to things. We're in a better position to be successful, yet the price per share drops. Wow.
Smart company decision=great buy in now.
Great news!! Longs are gonna be very happy.
A very honest post. Thank you.
Nice upswing day.
This feels like the calm before the storm. A positive storm, FWIW. :P
Any BUY under .21 is a real bargain. Truth.
This will return to .22-.24, which is a fair level... for now. In time, most here believe that there are a great many reasons this will explode upward, and we'll see dollars, not cents.
When this stock shoots up over $1 or $2, the longs, like me, will be rewarded. It will happen...
This'll be breaking over .20-.21 today or Monday. Rightfully so.
Agreed. This is a GREAT buying opportunity.
I agree that this will hit $1-$2 as early as year's end and within a year, at the outside. Far more thereafter.
I wish I had more $ to buy at these prices. This is a GREAT deal at just over .20. smh
Great post, Gary.
This symbol should be trading at .04+. It WILL be worth far more in time, so hold your shares and show some patience. Many will wish they had held/bought in. This isn't fluff. View the landscape in both the U.S. and Canada and PURA is well-positioned in both.