Post by
stockvet on Aug 13, 2018 5:58pm
Tomorrow - Buyback to commence
Thoughts on how things will go down? Currently 10k bids at 4.45 (decent support) and 30k asks at 4.6 (pretty "big" resistance by CRZ volume standards). Will we see a first bid during premarket? Will it be a massive one at like 4.25 to test the market? Incognito small bids? Rip off the 30k ask wall right off the bat? Any guess could be right but this is quite exciting to say the least. No matter what, long term is the end game and CRZ is poised for amazing growth in the coming months and years! GLTA
Comment by
stockvet on Aug 13, 2018 5:59pm
It's worth noting to be on the lookout for Haywood Securities.
Comment by
want2retiresoon on Aug 13, 2018 6:05pm
no idea what to expect . Can’t see a huge spike as that’d be kind of price manipulation , I’d think it’d be steady picking away with prices going up max 10 percent in a day .
Comment by
Cannabis1 on Aug 13, 2018 8:27pm
The goal of the company is not to push prices higher on a buyback. The aim is to use their excess capital to retire shares while their stock is low from their perspective. It doesn't mean they will be there day 1 or everyday. It means they will be there time to time to buy cheap shares when nobody else is. That's my 2 cents only.
Comment by
stockvet on Aug 13, 2018 8:46pm
Indeed, I forgot to suggest that perhaps there won't even be a bid tomorrow because getting the best price may mean waiting longer since they know when the good news is coming. It's crazy to think they will be buying according to insider knowledge! If you spot heavy volume coming from Haywood Securities, jump in!
Comment by
want2retiresoon on Aug 13, 2018 11:12pm
The biggest thing here is that the company feels like the best move is to remove 3 million shares roughly instead of adding to their 30 million in the bank, that should speak volumes for how business is going since July and licensed distribution mandate. Bring it on !