Lol. I saw that joker "surf" was back. I still don't understand why anyone is even listening to that guy.
Ya gotta listen to everybody. Beyonce and Lady Gaga ain't my thing... but it would be silly to not hear their sound.
Just a 5 min chart of this stock over the last 2 days. Notice today it traded over 900k shares, which is not terrible like 100k. But look at the price action..... ,...well done..... No amount of position sizing makes this a good trade.
Yes, 15 cents. Typo on my part, thanks! Just to clarify I don't manage OPM--- my personal group is research oriented not OPM money management. Yes, we own the stock. With that said, there is far more to picking a winning stock than staring at price /volume charts. Heck, a 5 year old could learn that in an hour. Your arrogance and simplicity is astounding. surf
Man o man have these things been getting good press. I'd short the whole f'ing sector very soon if I was running a fund.
You are looking at the OTC Market in US $ which has Canopy Growth (listed as "TWMJF") trading at $8.72 (On the Canadian side (TSX) WEED is still trading up at around 11.72 CDN $) This is the same stock (TWMJF / WEED)and the dollar is the difference in the exchange rates of the 2 currencies involved. It looks like it will still have a potential upside of around 20% from here in the future.
Yup, ...down she goes. A few bad words from the top guy and the stock tanks just like that! Link: http://www.theglobeandmail.com/glob...-wont-rush-into-legalization/article34230589/ _______________ CANNABIS Marijuana stocks drop as Trudeau’s pot czar says Canada won’t rush into legalization JEN SKERRITT AND JOSH WINGROVE Bloomberg News Published Tuesday, Mar. 07, 2017 2:10PM EST Last updated Tuesday, Mar. 07, 2017 6:25PM EST As investors flock to Canada’s burgeoning marijuana sector, Prime Minister Justin Trudeau’s government is signaling recreational pot sales aren’t imminent. Lawmaker Bill Blair -- the former Toronto police chief leading Trudeau’s legalization effort -- confirmed a bill is due in parliament this spring, but it won’t be the last hurdle as ample regulatory work remains. The federal government will take its time and work with provinces, territories and cities to build a framework and develop specific regulations, he said. The government is also looking for ways to control production, distribution and consumption of legalized marijuana, while testing it for quality and keeping it out of the hands of minors, Mr. Blair said. “We will take as much time as it takes to do it right,” Mr. Blair, the parliamentary secretary to Canada’s justice minister, said in an interview Monday. “I’m pretty reluctant to suggest a specific time frame, frankly, because I don’t know how long this will take in each of our 10 provinces and three territories.” Mr. Blair’s comments come as Canada’s nascent marijuana industry balloons, with investor optimism being fueled by analyst estimates that recreational sales could start as early as 2018. The government’s plan to introduce legislation in the spring of 2017 “could pave the way for the legal sale of recreational cannabis by 2018,” Canaccord Genuity analysts Matt Bottomley and Neil Maruoka said in a November research note. Canada’s recreational pot industry has the potential to reach $6-billion in sales by 2021 if legalization occurs along “expected timelines,” according to the note. Canopy Growth Corp. became the first marijuana unicorn in 2016 and had a valuation of $1.9-billion on Monday. Other producers, including Aurora Cannabis Inc. and Aphria Inc.Inc., have seen their share prices surge more than 400 per cent in the past 12 months. Canopy shares fell as much as 7.5 per cent in Toronto while Aurora tumbled 5.1 per cent and Aphria slid 3 per cent. Dampened Buzz “If they delay, there’s going to be a lot of eggs that are going to break in this business,” Chris Damas, an analyst at BCMI Research in Barrie, Ont., said by phone Monday. “The valuations are extreme.” Licensed marijuana producers are in the midst of expanding their capacity and there will be a “huge amount” of excess cannabis if Canada delays legalization, Damas said. The analyst said Mr. Blair’s previous comments suggest it’s unlikely the government will introduce a bill by June and companies with huge valuations “won’t have any serious business” if the recreational market takes longer to come to fruition. “There could be a lot of disappointment,” he said. In a separate interview Monday with the Canadian Broadcasting Corp., Mr. Blair said the government was going to design a legalized marijuana system that included measurement and testing of products, as well as enforcement. While the proposed legislation is due this spring, “it’s not sufficient to simply come forward with a bill,” he said. The government may also explore ways to direct revenue from marijuana sales to funding additional drug treatment, including for fentanyl as Canada grapples with an opioid crisis, he added. Since taking a position on legalization ahead of the 2015 election, Trudeau has gradually turned toward emphasizing safety, saying regularly it shouldn’t be easier for youth to buy marijuana than to buy beer. Putting the file in the hands of a prominent law-enforcement veteran is another signal the government is approaching legalization with an eye to tight regulation. Blair declined to comment on whether the regulations could be finalized by 2018 -- an expected election year in Ontario, home to Canopy and other companies -- or 2019, when the next federal election is scheduled. The Task Force on Cannabis Legalization and Regulation issued a report in December that recommends the Canadian government regulate the production of marijuana while provinces control the distribution and retail sales, including through dedicated storefronts with well-trained staff or by mail. Report Typo/Error TICKERS MENTIONED IN THIS STORY APH-XAphria Inc LATEST PRICE$6.20 -0.43 (-6.49%) WEED-TCanopy Growth Corp LATEST PRICE$10.03 -0.89 (-8.15%) ACB-XAurora Cannabis Inc LATEST PRICE$2.28 -0.11 (-4.60%) Updated March 8 10:28 AM EDT. Delayed by at least 15 minutes. MORE RELATED TO THIS STORY CANNABIS Canadian marijuana stocks help world’s top-performing hedge fund gain 145% EQUITIES You can now buy and sell ‘WEED’ on the TSX RESEARCH REPORT A guide to potential catalysts for the marijuana sector in 2017