Member Info for neon

“Cannabis stocks rally after Amazon endorses legalization
Last Updated: June 2, 2021 at 4:28 p.m. ET
First Published: June 2, 2021 at 2:51 p.m. ET”

https://www.marketwatch.com/story/cannabis-stocks-rally-after-amazon-endorses-legalization-11622659887?redirect=amp#click=https://t.co/vLbcZppzCm

Thank you both, I appreciate it! I’m not new to MXC. Bought first at 3.20p not that long ago only to see the SP rocket in next few days so sold out just over 6p and then resisted buying back only to see it coming down gradually but genuinely was shocked to see it below 3p, I’m sure lots of people were shorting it and some sold out due to boredom. I’m happy to see the company selling its star product and generating cash although it’s still loss making but hopefully things will change gradually with their Malta facility to boost up production but now forgot when it was supposed to commence? lol

At 2.50/2.60p I personally see it a good punt as I’m not fully convinced with this weird CEO but then hey, it’s playing with Cannabis and an extremely HOT sector and can pop anytime considering the RSI in oversold territory. I scaled in slightly but considering buying more at this level.

Anybody expecting any fund raise in next six month?

Thanks guys

Is there any possibilities to see the previous highs achieved by this company in next 6-12 months guys?

Thanks in advance

They probably read your message and tweeted this video just a while ago Hahahahahahahahaaaaa

https://vimeo.com/537372111

Paul2566

Thanks for correcting me! :)

RSI is under the oversold territory, just noticed in Aus it bounced back from lows. Considering AIM listing price was 2.17p if I remember it right, the SP seems quite low at the moment and getting ready for strong rebound. You get the twitter pump and dumpers on board and it will rocket like before, might give investors who bought high a chance to get out though. Let's see what happens.

GLA

I see 70p today :)

GLA

A bit of short squeeze will do the job I suppose?

It looks like AFC is getting govt support and recognition! Looks like future export of this great British tech looking really bright!

GLA

Dewa news yesterday was a wake up call for the world about the upcoming massive news re green hydrogen.

https://gulfnews.com/expo-2020/news/dewa-to-inaugurate-green-hydrogen-project---the-future-of-energy-1.1621344409009

I personally think whether people are shorting and trading AFC short term should leave a chunk there as it's gonna be massive. All you need is just few more biggest O&G exporter like Duabi to announce they are going to embrace green hydrogen tech, you will see how the SP will react to that. It's probably gonna be the BIGGEST trend in our lifetime.

This is the video if anybody missed it yesterday: https://www.linkedin.com/posts/dewaofficial_greenhydrogen-activity-6800420457657995264-4bYT

GLA

https://www.cnbc.com/2021/05/11/climate-big-oil-could-be-about-to-get-a-serious-reality-check.html

Big Oil and its green ambitions could be about to get a serious reality check
PUBLISHED TUE, MAY 11 20211:29 AM EDTUPDATED AN HOUR AGO

RugRats

The single most risk for any growing business is cash!

Do they have sufficient cash to reach proper commercialisation?

YES!

So half of the worry is now gone!

Is the sector HOT and have global reach?

Absolutely YES!

Any contract signed recently that will generate solid revenues in the future to provide profitability?

YES!

Is the RSI on the chart going up from the near the oversold territory?

YES

As a new investor I'll ask the above question and the answer is YES to all of them which means it's a screaming BUY now.

I've noticed AFC is a super volatile stock but if somebody is shorting now, think twice.

GLA

Two directors purchased yesterday, going up again like ITM.

https://www.cnbc.com/2021/05/07/germanys-move-to-evs-to-affect-thousands-of-workers-new-study-says-.html

"A number of governments are attempting to phase out diesel and gasoline vehicles in favor of low and zero emission ones.
Germany’s federal government wants 7 to 10 million electric vehicles to be registered in the country by the end of this decade."

Any plan to join AFC party again along with ur ITM holdings?

https://www.cnbc.com/2021/05/06/world-must-cut-methane-emissions-to-avoid-worst-of-climate-change-un-says.html

it's gonna*

so is ITM. A strong rebound is due IMHO. Got funds, signed new contracts and we all can see lights at the end of the tunnel so well done those who shorted/trade it but it's rebound at some point and do so strongly.

GLA

traders/shorters and some impatient investors who were expecting solid income from next month lol

I hope you are right but if you look at the chart, it always comes down after going over 70 on RSI where it is now. Also it rose without any news so I'm just being cautious thats all. I hope it stays over 80 pand goes even further up and stay out of trader/shorters radar.

GL