Post by
npilger on Jun 07, 2020 4:46pm
Do not bet on the USA to drive this higher
Lots of speculation, I was in at 0.12 and pulled at 0.20. The valuation of this stock for the next 4-5 months is not looking higher than 0.17. Will it go higher with more stores? Yes, it should after some time. Are thare any new stores being allocated in Ontario for Choom? Not at this time. The BC and AB markets are getting close to "realistic" saturation considering the current climate. However, if the US market opens up, then this company could do quite well on the west coast. The east coast is all mafioso territory, and the south, well they do not exist for a company like Choom. I will reinvest once it hits 0.12, probably a week or so. There is potential, but I say take your earnings when you can. Look at the other related markets, CHOO will ride the coat-tails of FAF (they have more Ontario stores opening), but the big winners will be the actual producer stores, once they get legal authorization to sell direct. Nevertheless, no significant changes should occur until a couple of elections pass.
Comment by
Doupahorse on Jun 07, 2020 4:56pm
You are underestimating FEELOKI following but ok
Comment by
pdcon1 on Jun 07, 2020 6:09pm
Check the 3 year graph. Choom just started its engine with the phvida acquition just added some nitro. Sellers now will be buyers at a higher price rest assured , not much available for sale
Comment by
status8 on Jun 07, 2020 7:00pm
The US markets will be a huge boon to CHOO, but the Federal govt has to get behind this market. Hence why I believe that e-commerce will be able to continue to grow a virtual market.
Comment by
theinvstore on Jun 07, 2020 7:39pm
Recovering from the economic impacts of Covid will require an increased tax base. What better rationale will the U.S. Govt require? Trump will be out soon enough. The times they are a changin....!
Comment by
antonaki1 on Jun 07, 2020 8:23pm
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Comment by
theinvstore on Jun 07, 2020 9:06pm
Blah blah blah.... we shall see. Regardless @$0.2/share Choom is a bargooon.