[OGI] Pinned Down at Great Value... Load Up for Earnings!
I know you guys are hungry for cannabis stock analysis so here we go!
Just ran through the stable and OGI is far and above the best value cannabis play right now. They also have earnings coming up on the 21st.
Its strong fundamentals make it one of my top 4 cannabis plays (APHA, TLRY and CGC are the other 3).
OGI and APHA are my top two long term fundamentals cannabis plays (TLRY and CGC fundamentals are a decent chunk weaker).
Honestly this thing is so erratic trend analysis is very noisy but the value here is clear.
Earnings whispers already signaling it could be a bit rough but there's also high chance of some positives that the FOMO crowd will latch onto and blow out of proportion.
Currently OGI is 1.5% of my portfolio and I'm looking to gradually scale in buys and ultimately double my position over the next week.
First buy target is tomorrow. I expect the market overall to start crashing down into August very soon and Fridays have been pretty weak for months now and OGI has been on the slide for awhile so will still hold off today.
If we get a FOMO spike, I'll probably end up selling off 40-60% in 2-3 20% increments.
Fully expect I'll have ample opportunity to rebuy well below whatever FOMO spike happens.
If no FOMO spike, no worries! This is a fundamentally strong company, you'd just need to wait another few months within which would be ample opportunity for another spike. If it crashes I'll continue re-upping 10-20% chunks in preparation for the next inevitable FOMO spike although the floor this stock has now set seems very strong and is well below the floor of other cannabis stocks (aside from maybe TLRY which has a pretty solid floor too). Also price is right on the floor, hence the great value here.
Ironically, their last earnings were a dud but last ACB earnings gave them (and the rest of the industry) a nice FOMO bump so any broader cannabis industry hype can easily bounce this thing around too making it a fantastic swing FOMO play.
Plant your seeds soon and lets hope for a bountiful crop after next week!
OGI was my 2nd idea on TView (now approaching 100 ideas!) and it held up pretty dang well (especially if we do get that predicted FOMO spike!):
Just ran through the stable and OGI is far and above the best value cannabis play right now. They also have earnings coming up on the 21st.
Its strong fundamentals make it one of my top 4 cannabis plays (APHA, TLRY and CGC are the other 3).
OGI and APHA are my top two long term fundamentals cannabis plays (TLRY and CGC fundamentals are a decent chunk weaker).
Honestly this thing is so erratic trend analysis is very noisy but the value here is clear.
Earnings whispers already signaling it could be a bit rough but there's also high chance of some positives that the FOMO crowd will latch onto and blow out of proportion.
Currently OGI is 1.5% of my portfolio and I'm looking to gradually scale in buys and ultimately double my position over the next week.
First buy target is tomorrow. I expect the market overall to start crashing down into August very soon and Fridays have been pretty weak for months now and OGI has been on the slide for awhile so will still hold off today.
If we get a FOMO spike, I'll probably end up selling off 40-60% in 2-3 20% increments.
Fully expect I'll have ample opportunity to rebuy well below whatever FOMO spike happens.
If no FOMO spike, no worries! This is a fundamentally strong company, you'd just need to wait another few months within which would be ample opportunity for another spike. If it crashes I'll continue re-upping 10-20% chunks in preparation for the next inevitable FOMO spike although the floor this stock has now set seems very strong and is well below the floor of other cannabis stocks (aside from maybe TLRY which has a pretty solid floor too). Also price is right on the floor, hence the great value here.
Ironically, their last earnings were a dud but last ACB earnings gave them (and the rest of the industry) a nice FOMO bump so any broader cannabis industry hype can easily bounce this thing around too making it a fantastic swing FOMO play.
Plant your seeds soon and lets hope for a bountiful crop after next week!
OGI was my 2nd idea on TView (now approaching 100 ideas!) and it held up pretty dang well (especially if we do get that predicted FOMO spike!):
Comment:
Close to all time best value!
Data analyst with a passion for best fit lines B)
DT holding up very well. I guess Price breaking above that line is a good BUY signal at this point.