RE:RE:Trading Triangle from now until Mid-DecemberWell I can't speak for others, but I think there is too much upside potentia to selll. The only technical weakness is the tiny gap at 2.97, you have to keep in mind there is a small percentage of gaps that don't get filled, even if they aren't break away gaps. And considering how OGI is gaining considerable support above that range now, it will become less and less likely it will get filled over time - hence why imo its not worth trying to wait for it. At 3.00 the company is almost worth as little as 320ish million maybe, I dont have an exact figure, but now they have 130-140 million in cash after that last raise. But even at their current market cap, they have almost half their market cap in cash. Proportionally that might be the highest cash vs. market cap ratio in the entire sector, so they are very well positioned for growth.
On a side note, I showed a couple friends of mine the Edison project to get an outside opinion. These guys know the gray market a lot better than me because they go through their supply much quicker. Anyway, I asked them if they've seen anyone anywhere market their cannabis in this way, and they responded with a resounding no. One actually told me an anecdote where he went to a dispenary and the clerks were saying how they got this amazing weed, it was the best they've ever seen, so all the people that worked there bought it out. My friend was pissed off and asked them why they even bothered telling him the story if there's none available. So next time someone defends the dispensaries you can shove that story in their face about how they run their businesses like amateurs.
My friend also said he knows people who buy cannabis at $15 a gram, but its always been sh1t. So he is really interested to try out the Edison project strains. So am I for that matter.