Posted On: 06/14/2014 4:06:17 PM
Post# of 56323
See, there we go. Agree on the business fundamentals completely! The only counter point I would make is hypothetical. The supply/demand aspect would appear to reduce pricing of both mmj and hemp. I'm not sure what the future holds though. Probably with big government subsidies to hemp growers/industrial value added operations, which of course would lower the price point. I'd imagine the price of both would become even cheaper, but who knows, maybe demand will skyrocket. It seems like the hemp resurgence is coming en masse. Either way, I'm pumped about hemp too.
I defer the TA to you. My knowledge of chart reading is fairly basic. I understand the basic 38.2/61.8/100 Fibonacci in running levels of support/resistance, but don't understand how that would apply with a stock trading sideways, without a reference point. We don't have profits (selling part of future earnings and reporting it as profit is BS IMO), we are in startup mode, and trading on expectations/hype. So I'm very interested in what you share with us there!
I defer the TA to you. My knowledge of chart reading is fairly basic. I understand the basic 38.2/61.8/100 Fibonacci in running levels of support/resistance, but don't understand how that would apply with a stock trading sideways, without a reference point. We don't have profits (selling part of future earnings and reporting it as profit is BS IMO), we are in startup mode, and trading on expectations/hype. So I'm very interested in what you share with us there!
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