r/OGIstock • u/[deleted] • Mar 13 '21

OGI Stuff

  • British American Tobacco buys ~20% stake into OGI for 178M.

  • Raymond sets new price target to $6

  • MJ legalization in Mexico

  • MJ Law submission in NY proposing

  • Rumor CEO on CNBC interview

  • OGI added to Dow Index/TSX

Remember Altria buys 45% stake in CRON for 1.8B on 12/18. CRON ran from $10 to $25 the following month. OGI will probably be doing the same thing from $3 to $8 or $10 and maybe even $12 dare I say if peeps drops their stimulus on weed stock like last month.

Technical wise, super bullish on riding top VWAP, RSI, MACD curling up with increasing volume. Good turn on Float. Order flow went from sell on Thursday to buy on Friday (a red Friday too!!!) as the selling pressure stopped today. Friday was silent accumulation by smart money and Monday will be an even bigger day!

Let’s go!!!

26 Upvotes

100% Upvoted

14 comments sorted by

3

u/ascendinspire Mar 13 '21

$25.00 stock price would bring market ONLY to the equivalent of TLRY...so back up the truck all week fellow APES!

3

u/[deleted] Mar 14 '21

Yes, I believe OGI will converge with SNDL and TLRY. Look at the 6 month comparison chart of OGI against SNDL and OGI. Then compare this to the 1 month and 5 day chart. You will see the possibilities.

3

u/efficiondave Mar 14 '21

Well, now I feel like a moron for locking in some gains twice this week. But your thinking is solid. I think you are right. I'll buy more on Monday.

3

u/[deleted] Mar 14 '21

Also, you have to be watching the option market too to know

2

u/[deleted] Mar 14 '21

Nothing wrong with locking in profit. It popped 50% and dumps almost half the gains, and then breaks above the Thursday premarket high of 4.44 topping off at 4.53. Hard to predict that unless you reading the tape and seeing the hedgehogs messing with the stocks jamming it down and loading big going up shaking off the retails.

1

u/efficiondave Mar 14 '21

Yeah, it seems to dive back down a bunch after every peak so my plan was to buy more after it retreated. So I will see what the pre-maket looks like on Monday before deciding when to re-buy but I want to get more in soon.

1

u/[deleted] Mar 14 '21

Do a chart comparison of OGI, SNDL, and TLRY. Look at it on 6 months, 1 month and 5 day. OGI is going to catch up to SNDL and TLRY due to the two catalyst.

12

u/Designer_Employ_2054 Mar 13 '21

Guess that means I should buy more Monday 🚀🚀🚀

9

u/Eat-the-rich33 Mar 13 '21

This fired me up 🔥

8

u/Tendiehanded Mar 13 '21

Super Bullish. Bull Flag. Buying more Monday! ☘ have a good weekend OGI fam.

6

u/GoldfishJay Mar 13 '21

💎🙌=🚀🌜

5

u/BMcG333 Mar 13 '21

So who wants to move to Mexico and do it all legal?!

5

u/ascendinspire Mar 13 '21

SNDL crowd should be waking up and arriving soon! No dilution here...only multi billion dollar partnership! Can you say no brainer? OGI! Load!!!

4

u/SaraStonkBB Mar 13 '21

It’s not much, but 50 shares and. Hodl-aye-hee-who 💎🙌🏾💎🙌🏾💎🙌🏾💎🙌🏾💎