$27M mkt cap, $27M in cash. In historical support area.Trading at cash value (as of last financials). In historical support area. Active share buyback program. Good news flow. History of big bounces.
Shrooms
Deeply oversold/undervalued psychedelics playPsychedelics space has seen some multi-baggers in the span of the last 2 weeks, suggesting investors are once again starting to pour money into speculative shroom stocks.
CSE:LVT is deeply oversold (RSI @ 22.69), hitting all time lows. The company is deeply fundamentally undervalued:
- $1.87M market cap
- Raised $1.5M at 0.20 in February
- Generating revenue of over $2M per quarter
Some comparable psychedelic companies with less revenue are trading at more than 10x. Unless there's some kind of fundamental/unknown reason for recent selloff, other than weak general markets, this is a potential multi-bagger candidate from current levels, in my humble opinion. GLTA
The Bear Flag That Won't Be...Beyond the successful breakout of the stochastic AND the crossover of the MACD, MindMed had a positive earnings report that beat expectations.
All of the pieces are in play for this pattern to play out against expectations - and the break to the upside seems imminent.
You don't have to (and legally shouldn't) listen to me, but I'm sitting happily on my September '22 call options
We'll the 4.20s soon.Has been a tripp , right? It ain't easy to transition an entire underground movement into a legal bureaucratic compelling business. There's so much potential for these companies.
So let's look at the recent price movement. The DMI shows we reached equilibrium around the mid 4s, if we get a broader market uptrend we'll highly likely see our favorite number 4.20. Exceptional volume has shown up meaning an uptrend is forming. If the ship is steady (RSI) well probably could see 5s again end of month. Let's set sail!
long $CMPSLooks like the MACD is still heading down but curling up. RSI is bottoming out as it reaches an important level of support. I think the risk reward at the $28 level is optimal. If you have a high risk tolerance, buy now.
Shrooms are already decriminalized in Denver and are about to be in Detroit.
The TAM which was initially an imaginative number is now becoming real for Compass Pathways. Go long CMPS
www.freep.com
Looks ready to find a floor and launch on the weekly chart.
HAVN -- Extremely oversold; 50% to most recent financing!RSI below 20. Raised $11.5M at $1.07 in January and presents 50% discount at current levels. Good news flow. Psychedelics sector is getting some traction again.
$CMPS who wants some shrooms? Nice base formed. UK-based magic mushroom company. One of the only publicly traded shroom companies. Eyes on it.
