IGC
IGC India Globalization Capital bullish newsAfter the last pump and dump of IGC caused by Cohort 2 of IGC`s Phase 1 THC-Based Clinical Trial on Alzheimer’s Patients
now India Globalization Capital comes with another bullish news on the subject: the cannabis-based investigational drug IGC-AD1 was safe and well-tolerated by the Alzheimer’s trial participants!
My first target is the 2.10usd resistance.
New Pick OBLN. High Risk – Entry 1/2 – Stop 20%23,513,292 shares of Common Stock outstanding as of December 31, 2018.
Interwest Venture Management Co is the largest institutional owner
Tamarack Advisers, LP reported adding it to their portfolio on 9/30/18
Social media metrics are off the charts right now
THIS IS HIGH RISK!!!!!!!
**********WE ARE NOT FINANCIAL ADVISERS. THIS IS A HIGH RISK TRADE. ENTER AT OWN RISK. CONSULT A FINANCIAL ADVISER BEFORE BUYING ANY PUBLICLY TRADED SECURITY. WE DO NOT OWN THIS STOCK, NOR DO WE INTEND TO BUY THIS STOCK IN THE NEAR FUTURE. WE ARE NOT BEING PAID TO WRITE THIS OR BEING COMPENSATED IN ANYWAY *****
$HIPH One To Watch $KGKG $PURA $NBEV $TLDY $IGC $DTEAwww.networknewswire.com
UpComing Catalysts Reiterated:
1. 4 Acquisitions 3 CBD/MJ Sector and 1 in Unrelated Sector
2. Major Distribution Deals
3. THC Beverage Prototype
4. CBD Beverage distribution into major retail
5. Share Reductions
6. New Website
7. Uplistment to the OTCQB
8. Gents Clothing line infiltration into the Asian Market Overseas
9. Much more...
IGC High Flying Days are over, where is good CCI entry?India Global Capitalization days of high flying money pumped in and out are over, so the question is what signal is best for watching for opportunities?
Thoughts: Set CCI to 110 on chart and review as needed. Does anyone use CCI for entries along with charts? Let me know your best practice, in case adding candlesticks for hammer up/down, volume, etc.
India Globalization Capital Inc. (AMEX:IGC) Exit StrategyBought some shares of this company at just under $3 before the euphoric run to the upside started. This is really my first foray into trading company stocks and I don't usually trade based on news, but with this one I did. With the 420 industry set to blow up here in Canada, it's interesting to see a bubble go through the motions while it's happening. I have no doubt many companies in this sector will fortify over time beyond Oct 17th, however, for now it seems like a lot of speculation is taking place, which is causing a lot of these companies to be over valued. IGC is a prime example of this. I don't have any confidence in this company reaching the heights it did last week again. I believe currently we are finishing up a correction before the downtrend ultimately continues. I am hoping to cash out my shares around $7 if it goes back up there as per my analysis, otherwise I'll hold out until $4 if it starts breaking to the downside earlier.. either way I'll still be in profit..
NBEV ready to drop! - DivergenceNBEV was caught up in the Cannabis hype and is another overvalued stock. Trend diverge with oscillator, and I believe the entire Cannabis market is under pressure. I definitely think it could bounce another time, but I see it going down sharply.
IGC overvalued, SHORT IGC is another cannabis stock that soared way too fast based on no tangible numbers. The Cannabis market will be a big market for sure. But the energy beverage sector is extremely competitive; we would have to see how the "Nitro G" can compete before the stock soars 1000% in a couple days. This is definitely the pumping phase, and it will come down.
DTEA, Nice HIgh Risk High Reward GambleGoes completely against my rules, but with the way this sector is moving, and considering how much money people have made off IGC and NBEV, this thing has a high chance of following through tomorrow.
Also, this stock only has 7 million in the float. Also, a big seller cashed out!!!!!!!! I haven't had time to check warrants, but judging from the price last year, I'm guessing they are not going to be lower than the current price.
THIS IS A GAMBLE, BUT A GOOD ONE
DO NOT BET THE RANCH, BUT DON'T SELL YOURSELF SHORT EITHER
GOOD LUCK