Replies to post #1023 on Charlotte's Web Holdings Inc (CWBHF)

[CornellEngineer]

Apologies, 77. My last post was erroneous due to an email miscommunication with my father...CWEBF does NOT work. What happened is he called Schwab and placed a GTC limit sell order on our new long position...I suggested $15 simply as a temporary price placeholder but he went with $14.50 instead.

Having done that, the open order now shows up normally in his account...but when we tried to change the sell price just to see if we could do it he gets the usual BS message to call them. I was hoping that if it worked we could have a GTC limit sell order with a real high price and a limit buy order with a ridiculously low one and then we could change either one on the fly if we ever wanted to buy more on a dip or sell it on a spike. But no dice.

It sure is weird that Schwab can enter an order on their end but we can't enter the exact same order or change one that already exists on our end. I'll bet CW has a new ticker symbol on the NYSE or NASDAQ before Charlie's boys get around to fixing it...LOL. Anyway, guess we'll just have to settle for only getting $14.50 sometime next week!

[CornellEngineer]

Dad talked to Schwab this morning and they told him that the reason folks have to call in to trade Charlotte's Web is due to "volatility".

It's kinda BS because this stock actually has much less day-to-day variation than almost every other pot stock we've traded to date...it's one of the first things that struck me when I looked at its price chart. But the one thing I've noticed on the candlestick charts is that there were often days in the past when the wicks or shadows shot way the hell above the candlestick's main body. As a result the Average True Range (ATR) is quite high for CW even though the main candlestick bodies are very well-behaved compared to most MJ stocks.

Does anybody know what causes these anomalies to appear? As an example, on October 19th CW opened at $13.56, closed at $12.83, had an intraday low of $12.75 but had an intraday high of a whopping $20.76...which just so happens to still be listed as this stock's all-time high since it started trading back on September 12th.

https://www.marketwatch.com/investing/stock/cwbhf

I find it really hard to believe that many if any shares were actually traded at that level but I suppose it's possible. These super long wicks mostly appeared during the time that the pot sector was crashing from mid to late October and seems to have mostly gone away since around early November, so the ATR which is a measure of volatility has been steadily decreasing ever since then.

The really weird thing is that these long wicks only appear on the daily, weekly and monthly charts. When I looked at all the various minute or hourly charts I'll be damned if I could see any long wicks at all for these time periods. Sorry if I'm being so anal about this...I spent my professional career as a test engineer and I guess it's just driving me a little nuts and was hoping that if there was somebody out there who owns this stock and is also heavy into technical analysis they might be able to take a quick look at it and see if they can help me figure out what the hell is going on. For reference I am using tradingview's free version for charting.

Anyway, that is why Schwab won't allow their customers to trade this stock online...apparently they must have some volatility trigger built into their software and if a stock's ATR or some other volatility number exceeds this limit they then flag it so we can't trade it on our puters and have to call in our orders. Perhaps if the ATR continues to drop it will eventually get unflagged and we can start trading it online again.