Short Term Dip... Long Term GainThis is all my opinion, but, its also semi based on a previous post that I put out. I am in this long like most of you (2018-- Berta had a great post about renovating and flipping a house and shes right if you watch the numbers daily, you will go insane!)
I can see us having a bit more of a dip, I would guess roughly 2.35 ish, I dont see us going lower than 2.25, I think that will be our ultimate resistance point... but I dont think we will touch it... 2.35 ish is my guess.
The reason I say this is slightly based on my previous post. There really hasnt been much substance in terms of information in the last 2 weeks (starting to push 3). So, recently (last few days) we have had some media attention and an accidental picture of oil to bring in some more attention to the stock.
No one knows when we are getting our oil license, unless it happens in the next few days, I think the trend in the next week and a half will be a little lower. I also think that by the end of January/beginning of february we will hear about our Oil License. I believe many have also posted something similar. I think that will give us a bump and stir things up for the next 2-3 weeks, I think we will then have a little pull back again, just in time for our quarterly numbers to come out which I expect to be very good seeing as they cant keep product on the shelves.
Once those numbers come out I think we will have another excellent bump... Hopefully it will be enough to keep us going strong until April and then the government will hopefully put their plan out to legalize recreationally. If it goes as everyone thinks, I think we will get a good bump there. I think that bump will be good for a few weeks with a slight pull back after that, just in time for our next quarterly numbers in May (which ill hopefully have oil sales on them) to give us another bump.
Once that bump starts to subside a little bit (I think that bump will be a bit extended) I am sure the company will update us on the status of construction for sky. Lets hope everything stays on track because I think that will be a perfect news output for the summer to keep us going strong and steady until the completion, new quarterly numbers and then the year end. Once we enter 2018 I think it will be all about pumping out product and numbers to keep us going strong.
It seems as though the company has set themselves up nicely to have consistent positive news coming out on the regular. Again, this is just my opinion.
I want to take a page out of Berta's book and try to not focus on this stock. As I stated (here and previously) I am long, I am not a good enough investor to buy at the dips and sell at the peaks, rahter I see a long term consistent value that looks very positive to me.
Does this sound crazy? I think the goal for the stock is to continue to consistently create higher lows on positive news. We are all greedy, lets be honest, if we could make a million overnight with minimal risk, we all would. I think if each time we set higher lows (last was about 2, next is 2.30, next is 2.50-2.60, next is 2.80-2.90 and so on, we will all be sitting pretty by the end of the year.