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Well just great. Pump it the few days before the announcement and sell it on the news.
So I guess people are disappointed with the latest report. Nothing new but nothing detrimental either.
Haven't seen this in a while...YAY!
Agreed. Futures action is not impressive at this time.
What is wrong with this company!? One day it has great press and does well, then the bottom drops out. Very frustrating.
Beats the hell out of me. Big disappointment this year so far.
I am surprised at the lack of reaction to the latest news. This company is moving forward with hopefully good news to come.
You are likely correct as I don't anticipate significant changes in the company or U.S. decriminalization to be imminent. However, surprises are always welcome. Be well.
I have seen nothing but bad press and strong sell signals from analysts on this one recently and the stock price has dropped accordingly. However, if any good news comes to light OGI should do okay but I wouldn't bet the ranch. JMHO
Well hopefully all the bad news is behind us now. We do need some catalyst for this and the whole sector to move in a positive direction though. Perhaps we will get help from Schumer and Pelosi on the decriminalization issue.
Your guess is certainly as good as mine Chili. However I have put in all I care to at this point. Let's at least hope for $ 4/s. I think that would put us both in the black.
This is what separates the men from the boys. If you liked the stock at the price you previously paid. You have to love it today. Seriously I hope there is some good news so we all can recover our investments.
Yet the stock price was punished. Hopefully it reverses direction with other news.
Glad to hear about your good fortune. I am in a similar position and hope for all concerned that this company does well. Perhaps when Washington moves on decriminalization there will be some positive movement that we can all be happy about.
Seems to happen to me all too frequently. I hate to say this time it feels different but I think this one has potential.
You are correct. There are indeed agendas. My intuition tells me to beware manipulation by short sellers looking to buy in at low prices, but that is mere speculation on my part. It is hard to trust anything you read these days.
Not trying to be negative but everyone should be aware of articles that do not support our investment as well as those that do. Here is a link to one: https://www.fool.com/investing/2021/03/31/is-organigram-a-buy/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
I am in the same boat at $ 3.81. Boo...
My thoughts exactly. Hopefully the dance continues for this and many other stocks.
Pretty close as of 3:40 PM. Have a happy weekend!
Best of luck for that. There are a lot of people invested in this stock who need a break.
Like watching a good boxing match between the longs and the shorts. I am hopeful for breaking over $ 4.00 U.S. I am certainly going to support the long position by holding onto my shares.
So how do we view the early market activity today in terms of an upgrade from Raymond James and yesterdays' good news?
This certainly raises the bar for this stock and hopefully puts all of our posters into a profitable situation. Also note that Mexico has legalized recreational use. Things are definitely looking up for OGI.
LOL. At this point I would be happy with anything over $ 4.00 US.
It will be my favorite stock when it is $ 10 US/share. I could care less about the hype.
Good job CV! Getting to a favorable price point is important, but even more important is knowing when to take a profit. Good luck!
True, true. Over the years I have listened to many successful investors and a statement that struck me is "never marry a stock". I believe market capitalization is something to consider before buying any stock. Recently Elon Musk enjoyed a ridiculous market cap for his company at near one trillion dollars! Sooner or later someone takes notice and realizes that they wouldn't pay that to buy the whole company and the selling starts. If OGI doubles in price (please, please lol) and the market cap goes to 1.5 billion dollars we would have to ask ourselves if we would pay that to own the whole company no matter what we think we happen in Washington. Just a few thoughts and good luck to all!
Did a gut check today and added to my position. Hope it works out for me and everyone else here.
Yes I do but while it is hard to see this I am confident Washington will move on decriminalization soon. Unfortunately this is a popular stock with the new breed of day traders and we are subject to their latest whims. Good luck.
In the same boat but looking for a bottom to dollar cost average.
Hello Everyone:
I am new to this group as I bought in recently, reason being a recommendation to avoid SNDL and invest in OGI. Regardless of action by the US Legislature to decriminalize etc. what are your ideas for catalysts to move this stock?
Nice uptick here. Hold or take profits? Any idea?
Thanks Pete. We all need a bit of reassurance once in a while.
Good Afternoon Everyone. I am a mid to long term investor and have been pleased with EPD. It is perplexing to me how a such a stable company can fall the day a positive earning report comes out. Any ideas?
LOL! Any way you spell it this situation stinks. It is amazing that regulators are powerless to police these companies. Buyers beware!
Always interested in the reasons for usual moves in a stock like this. Big gain yesterday just to drop today. Anyone have any ideas?
Yeah and a lot of money can be lost. I ought to know. Plenty of MJ stocks selling for pennies. Presplit this is under 55 cents a share, a price where a lot of people lost big time. This is a dog with fleas.
Congratulations on a bit of good news for those who held on. Just remember a $ 12 share price now is $ 1 pre-reverse split. You will need 10x that for those who bought in at $10 a year a go to break even.
Don't try to catch a falling knife.