PotStocker wrote:
frankie1122 wrote: PotStocker, you have been pumping BED since the .80's. At .75, you stated buying BED at these levels was a "no brainer". Millions of shares have traded since then, and we are now at .69. By patiently waiting, you could have saved yourself 15-20 %. Ever think that you may not be the only one with a brain ? I predicted the share price would be lower, and it has, and I still predict it will go lower even still. My theory is based simply on the trading pattern of a stock prior to the release of earnings. When it goes down 15 % before the release of earnings, it tell me the price will go down even further once everyone finds out the news. Good luck. I hold over 10,000 shares of BED, and may add more after the earnings.
No, I did not pump BED in 80's. My last buy purchase was at 0.79 and on the day of Feb 22, I traded in and out about 100,000 shares(only made 2 cents per share). And after that, I have not sold or bought anything. I am waiting for the earning.
Yes, I said 0.75 is a buy. It was simply based on the fact of last earning and the new license and the coming earning report(did not expect it was delayed, that is my bad). But very unfortunately, the earning report was delayed because of Auditing. And most people still do not buy this story and insist on coming bad news. Being in stock trading for more than 12 years, I have seen so many cases like, a bad earning is expected and share price dropped significantly before earning report but right after the earning is released, the share price rocketed. I really disagree with you Bedrocan would be 0.75 at year end. I could not figure out how can you make such prediction even after Bedrocan CEO said they will break even at year end. Do you think Marc is a liar?
Here are the facts you need to remember
1, Bedrocan is an established international medical cannabis brand. It has loyal customers and patients are consuming it everyday.
2, Bedrocan Canada is very carefully managing its spending( They only build growrooms based on need. They did not open 34 rooms at the same time because they do not have such number of patients and 34 rooms will cost 10M$)
3, Bedrocan CEO has said many times, they will break even late this year.
Here are the facts you need to consider, this could be true.
1, Q4 earning is delayed by auditing. Not because it is bad. If it is bad, delaying it would worsen the situation. So what is the point of delaying it? Short pain is better than long pain, right?
2, If Q4 earning is bad, the share price should have started dropping months ago because insiders would always know it. If it started dropping recently, then we should consider it in a different way – the sellers are not insiders. They are the same concerned investors just like you and me. The differences are, we do not need this money for at least a year.
With all due respect, I think you should look at things more on the bright side. To me, I should look at the things more on the dark side -- So I prepared to buy another 100,000 share after earning.