GREY:ALEAF - Post by User
Comment by
OldSchooIon Apr 21, 2020 10:14pm
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Post# 30937193
RE:RE:$0.40
RE:RE:$0.40Oilspecs wrote: Verygood007 wrote: I will sell my remaining position for $0.40. No one knows what is going on in this company. Will try to recover my losses from WEED and other good stocks. Will be completely out of pot stocks in 2020. Most banks r now advising ppl not to invest in pot stocks.
Why would you sell now? If anything you should be buying now. Almost all the LP's had shifted in one way or another earnings so that their Q1 and full year 2020 will look up and up. I am not saying that Alef has done this although I am guessing the value given to biomass from last earnings was adjusted accordingly. We all had expectations on licences which is what Scuffraif is referring to. You can not put the blame on management for that, we should be blaming ourselves because we put trust in the beloved system HC had in place. We were delayed on a few things by 1 -2 quarters although they are all falling into place. As for the extraction expansion? We currently do not need it till we harvest this years outdoor. All the product we currently have is legitimately sold and or spoken for as you can see by our Q/Q sales. We have very close to enough product as per what we need. Moving forward......we should have the 86 acres licenced as our amendment was submitted for sometime and would be needed to plant the 100,000+ clones after May 24-June 1st. Technically speaking we do not need the extraction expansion till after that product is dried and harvested. This earnings is critical, and as you saw the insiders buying it will more than likely crush estimates. Closing thoughts? Verygood009, take your medication and calm down k. Wait till the end of May to decide if you want to hold. I believe we will see a flurry of good things in the next month, and if we do not I will join you on unloading my position. As for right now I am bullish as long as we hold .31. Everything is falling in line, I understand your frustration. Here is a chart outlining our channel. Levels we need to break are a monthly candle close above .52. That will give us a reversal. I will settle for a weekly close above the green line. The yellow dotted line is the cancer line. That is the previous low that we can not break. https://www.tradingview.com/x/PajtZzNe/ I am only sharing with you guys to try to help you sleep at night. If you think I am a pumper or I offend you in someway by posting charts and facts, then feel free to let me know and I will stop. ALEFLONG
I agree. Selling now would be a reckless move. Especially now when all the pieces are finally starting to come together.