Bedrocan Cannabis Corp. V.BED

Just couldn't resist buying some more

[jb24]

Just couldn't resist buying some more. At . 63 it just hit it's prior low and, going out on  limb, I think this may be it's low point. I  am also hoping it stays down for a while until I can sell some other stuff to buy more BED. 
It  may drop to all time low of .50 to double bottom --- in a market crash---but I don't see any dismal senario yet that would cause that. Time to buy not sell. GLTA

[frankie1122]

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[Tweedlede]

I made up all my losses on Tweed during a market crash in October when the SP was hitting lows by averaging down aggresively, and rebalancing on the upswing.  I am also hoping BED's price can stay low for a little longer as well while I shore up some $$.  My rule of not investing on margin has saved me plenty of heartache and I plan to continue being true to that.  But man,

[jb24]

 TWEEDLEDE, I am guessing here but I don't think it is going to go down anywhere near .50. If it does, Ill be selling the house to buy. But seriously, BED went down to .50 but how long did it stay there, a second  or two and who could possibly get in at .50 cents, maybe one or two people whohad their orders in for six months or so. Realistically, Anywhere around .60 cents is a steal

[clm128]

Ive got my order in for .61 but i hope it dosnt touch it. i have enough shares right now and anything i accumulate i will just flip when it starts to climb again. Personally i think news of the first harvest and will come soon followed by Q1 financials which shouldnt take as long as q4 due to there not being an audit and these two news releases combined should start moving share price in the right

[frankie1122]

This post has been removed in accordance with Community Policy

[clm128]

Your absolutly right, my point is there is no reason for a sell off of this magnitude generally a PP is priced close to the market price of the stock, generally withing .05 cents on small caps so the market adjusting the price down to .50 is irrational at best. if the price held at .7 the pp would be in that ball park if it drops until .25 it will be around .25 selling off in advance of the news

[DariusDD]

I know this is going to sound like “pumping” or naivety but I honestly don’t intend it that way. To answer your question:  No, this is not the same company as it was a couple of months ago!  It is a much better company. A couple months ago they didn’t have so many rooms approved; they were not producing domestically; their profit margin was much much lower; they were not projected to hit

[jb24]

DariusDD, I think you are right, this is now a totally different company then a few weeks ago--going from an importer to a domestic producer--from a 35% profit to an 80% profit company -- that will produce MJ for 1.50/gram and sell for 7.50 /gram on  daily basis STARTING ---JUNE 9th ( two weeks after 1st harvest on May 25/15). The market makers can walk this thing down to buy as many cheap

[clm128]

i agree with you but everything you have mentioned has not grown revenues to date, but will from the harvest date forward. For that reason i say it is still the same company that has forgone a shift of assets and is now positioned to grow going forward. simply put it dosnt matter how many grow rooms are approved if your not moving the product. Ill say it ONCE again though we are now positioned for

[DariusDD]

This is a very good point. It's something I have considered before and I think it would've been a smart move on Bedrocan's part if they actually played it that way!

[Trennam]

Hey clim128 did yer .61 order get filled? :) I have a much lower bid in to catch anything that shakes loose. If mine doesn't fill by the end of the week I'll raise it.

[clm128]

I guess you already know the answer, I wont buy again unless it falls near. 51. Im simply averaging down, im not to worried at all for the long run here. Glta