Make that +37.5%
I could have sold my calls for a 60% return a month ago but nooooooooo well maybe I still have a chance but April too close for comfort!
I couldn't agree more. This company's product, MJNA shares, are extremely overpriced.
"Hey. Hey! HEY! LOOK! See how Reuters covered our story? Buy our stock!!"
I asked Reuters Business yesterday to now please cover the Kannaway acquisition.
Notice MJNA has backed off the bid, allowed a price jump. You can tel this is what happened because the volume is very low on the 10% price jump.
Loaded UUP puts a month ago. Expecting the trend to continue. The 1yr DXY looks like a bearish reversal off the top. Even if oil inventories are high a weakening dollar will automatically appreciate oil, and most commodities with it, we may have generally bottomed in the commodity cycle last month, obviously gold too of course.
Nice! Same day JPM downgrades from overweight to neutral. Getting lots of attention. Sounds like the discounted shares are almost all gobbled up.
I think it's more embarrassing that they downgraded from Overweight just now, a long fall from $5+ to be saying to sell now. Clear buy signal.
This likely is some short covering in here as well. They know there is still blood in the water until some real asset sales materialize. Cover, re-short.
"Management feels that were the spot gold market to remain above $1200 then the dividend could be re-evaluated in the near term..."
I'd like to hear that one very much so.