+ Watch CANN
on My Watchlist
Reupp....I like to reupp if I can bank 40 or more points, IF and only if I think it won't drop out as unpickable between my exit and entry..... Invariably, however, the equity, (if you want to call CANN one), bounces back up leaving me out of water for awhile where as it would not have if I left it "alone" to die more slowly....but taking CAPs points out of the bank on a sure thing sometimes means you redeposit part of them for a short time.VOLUME dropping hard, may be ready for a push back up, but market cap is still North of $60M, which is about $58M too much.Hit $64 per share earlier this year. Some people are fixated on the "use to be" model of valuation. Volume has shrunken tremendously meaning insiders or partners can move a little and bounce the price significantly.Old pitch still applies...should be approximating $0.10 some day.....but passing of new Cannibis laws in various states will probably keep it erratic and inflated....============Cannabis Wannabe, reverve merger shell...has a $132M market cap, or about $130M too much...See Jed71http://caps.fool.com/Pitch/CANN/7028729/rather-than-me-opining-on-this.aspx?source=itxsittb0000001And my old pitch, when CANN was halted in March.http://caps.fool.com/Pitch/CANN/7035548/otcqb-cann-today-the-securitie.aspxIf you still like this one...donate a buck to charity for each share you buy, and you will feel better later when this one is sub $1.00...
CANN is a development stage real estate company which "does not grow, harvest, distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future." Unfortunately, the market does not seem to understand this and has bid up the shares to stratospheric levels. Some of the investors are catching on, however, and the SEC's suspension of the stock isn't helping matters. The company should (and eventually will) value this as a real estate company, not a pharmaceutical company in 3rd stage clinical trials. Don't buy!
The investment community is not ready to embrace companies like this. The grey areas of federal vs. state laws make them to high a risk for FOOLish investors. And everyone else should steer clear.
Pot stock hype LOL FINRA warned you people. This doesn't even seem to be a legitimate company. There are some penny stocks with a more believable business plan.
Weed smells good?
Future of tobacco.
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