Great video. CTST is a unique case as it is a criminal offense to grow cannabis in a legal eviornment. Possiblity of SEC kicking the stock out from NYSE and TSX will follow as well.
I am confused about how you are able to show a long term monthly chart of OGI (Nasdaq) when the stock has only traded less than 2 months on the big board?
Look at that MJ etf, extremely predictable…I can appreciate these events don't help those individual companies, but this looks FAR more like a sector down cycle and red across the board agrees. Is it a couple percent deeper or a down little faster on a sector basis because of scandals? I guess? But a surprise this is not. You could have predicted this merely on the technicals, looking for upper $20s on CGC: https://www.tradingview.com/x/a03gR7OW/ … but MJ etf looks primed for a huge buy in coming weeks and I'll be BTFD'ing hard https://www.tradingview.com/x/1W7WpzY0/ apparently along with those that don't know among the cannabis companies out there who's a good faith operator and who's doing illegal shit, reducing headline and stock risk. CTST completely different story.
The anomaly in this sector is financials, it’s been a hype/subjective asset class until this year. Now we get to see the numbers and they’ve all been overwhelmingly disappointing, hence your anomaly.
Dan, I'm so thankful to have you guiding me/us through this. Some day you'll be scrolling back to whatever these lows turn out to be and reminding us what a buying opportunity this was. I plan to be nodding in agreement and feeling fortunate I started loading up the same time you did.
The end of this video was a very helpful reminder. This is my 3rd despair cycle, I was deep red last time, have lost a lot this time but still have some profits. Still hard to handle when it happens but each time it gets a little bit easier.
Do you think there will profits moving over from crypto near term? Or is money still waiting for more blood? I know that's hard to answer but what your opinion be?
Whole market Bottom pick a good name and go long off rsi,s and should be good to go. haha Its time for a setor in this new 10 month old industry for a very large squeeze and buy back. Once enough shorts cover buying a share will make it go up not down as has been the case for months in lots of names.
The earnings for Canadian LP's are pathetic as well Dan. People may blame CTST and Bruce being fired but its the realization these companies revenue growth numbers are not what was expected. US MSO's meanwhile are bringing in as much and more revenue currently. The real space in the sector to play is US MSO's now. That's where the real revenue growth is.
Great video. CTST is a unique case as it is a criminal offense to grow cannabis in a legal eviornment. Possiblity of SEC kicking the stock out from NYSE and TSX will follow as well.
I am confused about how you are able to show a long term monthly chart of OGI (Nasdaq) when the stock has only traded less than 2 months on the big board?
CGC lets see what happens at 28.67 somewhere,, 32.00 2nd support,, 1st 33.57
OGI has earnings report Monday!
nice room, like the brick wall
I made a video breaking down the major weed stocks here. I been at this longer than these guys https://www.youtube.com/watch?v=pqUj70YRGIQ&t=4s
Thanks Dan for continuously putting out such great content!
You'll know when the bounce happens imo, once it bounces it won't look back. You have to give shorts no chance to cover.
No VFF on the list and just winging it on technicals? Lol, there is nothing here that interests me.
Many many thanks!!!! 🙂
Look at that MJ etf, extremely predictable…I can appreciate these events don't help those individual companies, but this looks FAR more like a sector down cycle and red across the board agrees. Is it a couple percent deeper or a down little faster on a sector basis because of scandals? I guess? But a surprise this is not. You could have predicted this merely on the technicals, looking for upper $20s on CGC: https://www.tradingview.com/x/a03gR7OW/ … but MJ etf looks primed for a huge buy in coming weeks and I'll be BTFD'ing hard https://www.tradingview.com/x/1W7WpzY0/ apparently along with those that don't know among the cannabis companies out there who's a good faith operator and who's doing illegal shit, reducing headline and stock risk. CTST completely different story.
Miraculeuze summer bottom
The anomaly in this sector is financials, it’s been a hype/subjective asset class until this year. Now we get to see the numbers and they’ve all been overwhelmingly disappointing, hence your anomaly.
Great as usual, my CGC avg is 26 US, hope it hits low 30s. Thanks
This will probably be one of the best buying opportunities in a long time!
"I nail the bottom to the penny!" Yes Dan! Yes! Of course you will!
I'll be watching CGC like a hawk on Monday morning, too. As always, thanks for the analysis, and your property is coming along very nicely! Beautiful!
Thanks Dan. Really appreciate.
I’m officially renamed to nickleless
I lived through the .com I seen stocks go down 90% it all comes down to earnings
Thank you Dan, this is an excellent video I love the part that you talk about penny stocks, have a great weekend!
10:46
Dan, I'm so thankful to have you guiding me/us through this. Some day you'll be scrolling back to whatever these lows turn out to be and reminding us what a buying opportunity this was. I plan to be nodding in agreement and feeling fortunate I started loading up the same time you did.
Thanks for the voice of reason at the end of your video. Not under water much. Lol. Been through this before….
You want to see a bloodbath dan, take a look at acreage…its lost over 50% of its value in past few weeks
Urg and uuuu down I bought a small amount
The end of this video was a very helpful reminder. This is my 3rd despair cycle, I was deep red last time, have lost a lot this time but still have some profits. Still hard to handle when it happens but each time it gets a little bit easier.
Looks like those predicting the summer lull and the sell in may go away crowd had it right…the herd had it right:( I got rekt
Do you think there will profits moving over from crypto near term? Or is money still waiting for more blood? I know that's hard to answer but what your opinion be?
Whole market Bottom pick a good name and go long off rsi,s and should be good to go. haha Its time for a setor in this new 10 month old industry for a very large squeeze and buy back. Once enough shorts cover buying a share will make it go up not down as has been the case for months in lots of names.
The earnings for Canadian LP's are pathetic as well Dan. People may blame CTST and Bruce being fired but its the realization these companies revenue growth numbers are not what was expected. US MSO's meanwhile are bringing in as much and more revenue currently. The real space in the sector to play is US MSO's now. That's where the real revenue growth is.
No need for TA. MJ stocks are going high.
Boom .. thx Jedi master … Good luck frog hunting !