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Does anyone know when they will be finished rebalancing? Great opportunity to pick up shares in the companies they are dumping!
Don’t hate the company….obviously timing is everything and I may add a small position if I feel my other positions need trimming….
I still follow the board…..glad you are getting some of that investment money back….I sold most from 1.05 down to .75…..luckily I move it all to ayr wellness and Trulieve…..up about 60k more than if I stayed here…..Florida is going to be huge!!!! Fingers crossed….good luck to you!
Finally closed out my position….moved all my play money to the larger MSO’s….hopefully Schumer shuts his mouth and passes SAFER but I don’t see that happening….he’s hell bent on attaching a bunch of social justice crap to the bill…..good luck all…licking my wounds and moving on.
Gave me an opportunity to unload most of my Shwz…..kept a few just in case…..Florida is the place to be….especially if rec. becomes legal in 24’
October 4th is Wednesday….nice try though
Follow the money……it’s leaning more and more towards legalization…..just a matter of time before it’s a done deal…..still a lot of uncertainty out there on rescheduling and safer banking….Will the politicians screw this up?…..once they get something ironed out this sector moves higher….I still think Florida is the best place to put new capital…..especially if rec. comes there in 24’
Thank god they don’t….stock would be 20 cents if they did.
While you possibly might be right your post seems more like opinion then fact….Unless of course you know something we all don’t…..but if I was in a burning building I wouldn’t be worried about how the fire started, I’d be getting the hell out….
*tailwinds
I think at this point the political headwinds are the most important factor that will affect the share price in the short term….if safe banking is passed….which I think will happen….the company will be able to restructure some of this high interest debt which in turn could help the bottom line…not sure if moving to a schedule 3 drug helps with 280e….seems there are mixed signals on that….if it does that also helps…personally I think there are better short term players right now with more liquidity for traders to flip shares quickly…I also think the larger MSO’s….especially the Florida players have much larger potential right now…..especially if Florida flips and recreational gets the votes and the go ahead…..that is still not a guarantee but stock traders are willing to buy with that potential happening also…..I’m still holding a fairly large position here but did sell some shares for a loss and moved into a couple larger MSO’s before the HHS announcement….I got lucky and was able to make up most of my losses here with my other gains….I think it’s a good possibility this one gets bought out just not sure who wants to go deep in Colorado and New Mexico….definitely doesn’t seem like the excitement JD once had is still there and the new leaders aren’t actively promoting the company….seems like he got frustrated when he bought all those shares last year in November and then SAFE didn’t get passed…..I guess we will see how it goes over the next few weeks/months….gl
I’d be looking ahead and forget about the rear view mirror…..jmo
Looks like SAFE getting a vote in the Senate in the very near future…..
Typical Friday afternoon for traders….non event….upward trend continues next week for the larger MSO’s….
Hopefully it has a late kick…..maybe when some of the other players get to fair value, people will be looking for some low volume undervalued stocks….one can hope?
Lol….that’s why I bought some other horses……this one needs Lasix…..
Have to admit…..this one has no shot right now…..always someone waiting to take a dump……with all this pending news there is no reason why this shouldn’t be moving higher….I can only assume that all the holders of these shares that were issued from the acquisition are dying to get out…..I guess they have no faith in the company…..JD stepping away didn’t help either…..patiently waiting here….lol
Always a seller waiting to dump shares….got no shot with this low volume.
Not sure why you think the DEA is not going to go along with the HHS recommendation….The big boss wants this done and these are all people he appointed….in the past there were petitions to de schedule marijuana which failed and were left sitting on desk ignored. As for treaties the UN has already rescheduled marijuana…..I look at the amount of revenue states are bring in and that will lead the change….just like gambling and sports betting….in the end it’s all about money….at this point you have to follow the money…..not saying the inevitable won’t take years….will be lots of trading opportunities along the way…..jmo
Thanks…I’ll check it out…..a lot of differing opinions out there on how this will play out….I guess we will find out eventually…..gl
According to what I’m reading the DEA has 90 days to answer HHS so that answer won’t be delayed….doesn’t mean it will stop the constant selling pressure on this stock.
Sector is in full rally mode……except for this one….smh
Didn’t see the form 4…..yes that is good…..the flip is still a flip though…..thanks for the info.
Flip talk from a flip.
It’s all gloom and doom…..everyone is going to jail…lol
The DEA could be raiding these companies now if that were the case….looks like they want medical cannabis legal…..whether it’s large pharmaceutical or medical cannabis dispensaries selling the bulk of this product remains to be seen….my guess is large pharmaceutical companies stay out of this due to the amount of competition….also states still may not even legalize medical or recreational cannabis…..my guess is the federal government will sell high price licenses to medical dispensaries to sell federally legal cannabis….this has nothing to do with state regulated retail dispensaries at this point….Remember Joe just wants to boast about how he legalized cannabis before the next election…..still a lot of questions and much volatility ahead but I think the bottom is in for the sector and some just missed a great trade these last couple days….
This move was made by HHS on purpose before congress got back from summer vacation…My guess is Congress moves quickly to pass some form of Safe to wipe the egg off their faces….the DEA will be acting fairly quickly also….All the players are on the same team here…..280e is all but done if this happens….unfortunately for shwz there are so many shares just waiting to be sold that it will be a long uphill battle…..as we saw today there were plenty of sellers to knock those bids down….the volume is just way too low….Big players are in full control now and I total disagree, the rally is in the first inning not the 9th. All imho
Thank god I lightened up here and moved to the Florida players…..They are on fire today…..trulieve and green thumb…..medical companies will benefit the most from this news….still holding a decent chunk here….was hoping for some follow through….will be more news to come over the next few months….
If retailers are smart enough to stop dumping money into the sector why would you think he would do ii?
Spoke way to soon!…getting very ugly watching this collapse.
You should have stuck with investing in the S&P 500…..you timed your trades wrong and now it’s all the company’s fault….typical retail trader…..remember when JD tried to pump this up with his none stop buys last November? That was all of our chances to sell but you didn’t……now you’re just a bag holder…..lol
Lmao….you’re not an investor….you’re a penny flipper….real investors are getting those 7% interest payments that you dream of….lol
Is that really that great…..I’m getting 5% on my little old saving account…..lol
Doc, you still own shares? Doesn’t sound like it but thanks for all the obvious information…..lol
My previous post that you replied to happened today….so not sure was your point is….
Until safe banking passes and/or they get 280e relief this will continue to be the story….maybe if medical gets rescheduled by sleepy Joe then they can write off the medical business which would help…..no surprises here…slow drop to .50 seems possible….been buying some tcnnf in case sleepy joe wakes up from his nap…..
Dumping shares would be at any and all prices dropping the bid down dramatically…..a big dump would drive this down 20-30 cents…..could it happen? Absolutely……it’s not happening right now….this is a few retailers bid whacking…….we saw dumps before and it was consistently 10k-20k on the ask….but you keep laughing and thinking what you want…..meaningless to the stock price.
I’d hardly call that dumping shares all day…..some retailer whacked that bid….believe me I thought about doing it myself….but I continue to hold.
Throw in Chuckie, Booker and sleepy Joe and we might have a rally…..lmao
Been sitting on my 100k shares for some time…..putting money to work elsewhere right now…..probably a good time to buy a few of the big names if you think safe banking or rescheduling is close to occurring….jmo