TGOD.WT ARE 13X OVERVALUED
TGOD.WS ARE 3X UNDERVALUED
There are a few different variables one can use to price Warrants, most important ones being Intrinsic Value & Time Premium.
INTRINSIC VALUE (IV) = Share price - Strike price
TGOD.WS (IV) = .5 - 1 = -.50$
TGOD.WT (IV) = .5 - 3 = -2.50$
The intrinsic value for both is out of the money but they trade above 0$...
The stock rallied strongly today after the announcement of a major partnership between TGOD and Shoppers Drug Mart (large Canadian retail pharmacy chain). A shooting star candle appeared later during the day today with high volumes, which indicated a strong bearish signal.
A breakout over $0.64 is not likely in the very short term, unless large volumes pick up in...
TORONTO, May 19, 2020 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD) (US:TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has signed a supply agreement with Medical Cannabis by Shoppers™ ("Shoppers"), a subsidiary of Shoppers Drug Mart Inc., making their certified organic...
Seems like we are getting close to a turning point. With the new product (infuser) already out (and sold out on the first day), the light may be at the end of this deep tunnel. Going long from 0.27 and stop @0.22
Wha do you think? TSX:TGOD
last year when we touched a new 52wl the bullish rsi divergence was broken, but shortly recovered and remained on its path the stock gained 175% towards earnings. Could repeat imo. Not investment advice
I think earnings will surprise us..... also this->
"With a more conscious/smart consumer and the fact that were not just ingesting but burning these chemicals TGOD will carve out a nice piece of the market for itself, a piece of the market that statistically has more disposable income and is willing to pay for quality."
Here is a list of 90 some chemicals...
Weed market is consolidating in a similar fashion, across all companies.
Some look stronger than others ,and have held their price quite well such as TCNFF.
Others, like TGOD, could experience a solid reversal.
Price is compressing near the apex. Looking solid for building positions.
Catching up on quarterly reports, and spreading my sensimilla across this market.
Here is a breakdown I did of the relative cost of warrants (RCW) in respect to cost of SP (3$ to exercise Warrants)
Shares VS Warrants %RCW
$10.24 $3.51 34.3%
$5.81 $2.76 47.4%
$4.63 $2.34 50.4%
$3.69 $1.71 46%
$2.65 $1.05 39.6%
$0.75 $0.21 28%
Todays Sale Dec...
one more interesting stock should be „The Green organic dutchman“! The stock soared from an oversold 0.62 (CAD) to a stunning 1.19 level within just some hours. During this move, the stock possible hit a wave „4“ of lower degree, which could be resistance in the coming hours!
Wait for a correction at the coming hours (maybe til Monday) and we could...