I sold NBEV around $5 about a month agoFarm bill passed Senate, definitely a step in the right direction
I wanted to sell it so bad also but I was so far in the red I had no choice but to hold the bag at $6.36. I knew the pharm bill would be a catalyst so I also decided to hold out for that. It'll probably pullback to around $5.50 next couple of days thats when I plan to buy more. NBev is like Tilray in the way it is so volatile, it can skyrocket at any point, and drop just as fast. They are also in the midst of a merger with Morinda expected to close on the 21 New Age Beverages Eyes Global CBD Beverage Market with Morinda Merger - BevNET.com. I actually changed my stance from trade,to invest in Nbev for at least a couple yearsI sold NBEV around $5 about a month ago
Namaste killing me breh. I don't know if I should cut my loses or just keep it moving and hope it reboundsTrump signed the farm bill we should see a nice lil bump tomorrow and maybe Monday
Brought Cron and Acb (Aurora cannabis)... whats the outlook brehs...
Breh, read comments on that article. The author seems to be a notorious NBEV hater. All his articles are negative regarding NBEV and he's shorting the stock.That's the only article reporting that. I looked on other sites, nothing yet.FDA said CBD drinks aren't happening anytime soon. Closed my position in Nbev immediately https://seekingalpha.com/article/42...es-cbd-infused-beverages-delayed-indefinitely
I bought more ACB we should see a nice bump after earnings
FDA said CBD drinks aren't happening anytime soon. Closed my position in Nbev immediately New Age Beverages: CBD-Infused Beverages, Delayed Indefinitely - New Age Beverages Corporation (NASDAQ:NBEV) | Seeking Alpha
I bought more ACB we should see a nice bump after earnings
A lot of what you said is true I just expect the life to be taken out of this for a little while and i don't want to ride it back down if it does. Before the announced looking into making CBD drinks they were trading at about $1.50- $2.50 range and every pop they had was related to hype in hemp and cbd. The FDA letter does state that its still illegal to sell cbd drinks. Im not saying its a bad company, they have a great distribution system and Vanguard group owns a large amount of shares which is a plus, but me personally I was only in this particular stock for the cbd playBreh, read comments on that article. The author seems to be a notorious NBEV hater. All his articles are negative regarding NBEV and he's shorting the stock.That's the only article reporting that. I looked on other sites, nothing yet.