Village Farms International Is…Almost A Buy

Village Farms International, Inc., together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. But in 2017, the company partnered with Emerald Health Therapeutics, a Canada-based, medical-marijuana research company and formed a 50-50 joint venture called Pure Sunfarms.

Because Village Farms International is still known as a produce grower the valuation is almost half those of other companies in the cannabis started.  But behind the scenes, they are converting their greenhouses to produce cannabis.  And what I didn’t know is the company has one of the lowest cost / gram equating to very good margins.  Thus, it only makes sense that the company had three straight quarters of recorded a profit with an avg. profit margin exceeding 20%.

Village Farms also has a hand in the hemp sector, so they have expansion opportunities in the US with the passing for the Farm Bill I 2018.

The 2018 farm bill, which legalized industrial hemp cultivation, has opened up new opportunities for cannabidiol (CBD) extraction in the U.S. that otherwise weren’t available to producers. Village Farms is looking to test the waters in this regard, initially growing and selling hemp biomass, as well as CBD oil on the wholesale market to boost its near-term cash flow. To do this, the company also has a separate hemp-based joint venture which includes over 920 acres across four states. Village Farms also expects to eventually sell CBD products directly to major retailers sometime in 2020. While there isn’t too much to say about this hemp joint venture considering the lack of significant financial results, it will be interesting to see just how successful its initial hemp/CBD efforts will be.

Source

Village Farms offer investors an opportunity to come into the cannabis space through the back door.  While other companies have been overhyped and haven’t been able to deliver, Village Farms is slowing starting to flex their muscles in the cannabis space.  And I particularly like their medical marijuana research company because in the future, the marijuana will be a low margin commodity.  So how should potential investors get into the stock, lets go to the charts.

Well, price did react to the daily demand at $9.60, but there are no more unfilled buy orders at that level.

Thus, the next stack of unfilled buy orders are at the daily demand at $6.50.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

I bought $SQ today, Long

I bought some shares of Square Inc. $SQ today. I have liked this stock since it was in the teens, and I missed the first boat. I am not going to miss this one. This stock has pulled back to major support and has essentially gone nowhere since Q1 of 2018. It is now going sideways and this is how you buy the bottom folks.

If it doesn’t hold major support and drops it longer than 48 hours then you sell. If it does, then we are in some business.

Ever since I saw those iPads I knew this was going to be big. Now it is the best and easiest place to buy bitcoin. Bullish!

Is it Hammer Time Folks? $QQQ $SPX

We saw some major buying off the lows today ladies and gents. A lot of names were holding tight and have now put in some hammers. Does this resolve higher and is this a buying opportunity? Time will tell. All I am saying is do not be bearish because the media is bearish. Yes growth is slowing but can we rip to all time highs? Definitely.

We are one tweet away from all time highs and tech ripping higher. It’s hard to be MEGA bearish above a rising 200 day MA which you can clearly see, that is where we are right now.

Are You Ready For 5G??? – Part 6

5G ((short for 5th Generation) is the next generation of mobile communication. 5G brings three new aspects to the table: greater speed (to move more data), lower latency (to be more responsive), and the ability to connect a lot more devices at once (for sensors and smart devices). 5G will be a whole new kind of network, enabling new experiences that will change how we live, work, and play.

Equity analysts Kyle McNealy and George Notter have just come out with a recommendation for investors to buy Apple, and a target for shares to rise to $260. They say Wall Street fails to appreciate how much the company stands to benefit from fifth generation cellular network technology, which basically promises faster data connection

“In our view, current expectations for Apple’s first 5G iPhone lineup are too low. They underestimate Apple’s competitive position for 5G devices,” they said.

They expect better iPhone sales than Wall Street, where current consensus forecasts call for 190 million iPhone units sold in fiscal year 2021 — seen as a big year for 5G devices. That’s 9% below the 6-year unit shipment average for iPhone product cycles, said the analysts, who expect sales of 208 million for 2021.

Source

But this post isn’t about Apple, it’s about Viavi Solutions. 

While widespread 5G use isn’t a household name yet, engineers are beginning to move parts and subsystems into characterization, validation, production, and deployment.  And that were Viavi Solutions comes into play. 

Viavi Solutions Inc. provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide.  And it just so happens to be 1 of 2 players in the space that makes 5G testing gear.

Viavi Solutions Inc. announced their first quarter earnings a couple of weeks ago.   Viavi Solutions Inc raised their revenue guidance from a range of $273 million to $293 million to a range of $282 million to $294 million; and raised their earning per share guidance from a range of 14-16 cents to a range of 15-17 cents.  In addition, the company approved a stock repurchase program for up to $200 million of the company’s common stock.

So if you believe in 5G, here’s an opportunity to ride the wave with a company with only a 3.5 billion market cap.  So how does one get on board, well lets go to the charts. The weekly demand at $13 is all used up,

so if price gets down to the weekly demand at $10.50, the chart suggests to take it long.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

It Doesn’t Matter If The BOJ Cuts Rates

Bank of Japan Governor Haruhiko Kuroda expounded the virtues of negative interest rates Tuesday in comments that will keep market players on high alert that the central bank will take action in October.

Speaking days after a BOJ meeting that raised expectations for additional stimulus to come next month, Kuroda said he was still closer to taking action than he was in July.

“I don’t think we need to rule out cutting negative rates as a policy option at this point,” Kuroda said to reporters in Osaka, following a speech to local business leaders there earlier in the day.

Economists and BOJ watchers are still trying to gauge whether last week’s call for the review is more a signal of looming action or more a delaying tactic.

Source

I think BOJ will lower rates, just like the ECB, the US, Bank of Australia, Bank of New Zealand, Bank of Indonesia and many others are doing as they all face a slowing global economy.  However, although all those other currencies are dropping in value, with the exception of the ugliest prettiest dude at the party, the US Dollar, I anticipate the Yen to continue moving higher.

Like the Swish Franc, the Yen is also safe haven currency as well.  However, because Japan is such a large exporter, over many decades of account surpluses, it has become the largest net creditor to the world. So during times of uncertainty, capital flows out of other currencies and into the Japanese yen, causing it to strengthen.

So where is the Yen headed next, lets go to the charts?

Monthly Chart (Curve Timeframe) – monthly supply is at 0.0103 and monthly demand at 0.00805.

Weekly Chart (Trend Timeframe) – the trend is sideways with upside momentum.

Daily Chart (Entry) – the chart suggests to go long if and once price breaches the daily supply at 0.00912.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

After the Drop Bitcoin Trading as Expected!

Midday Tuesday Bitcoin sold off hard crashing through the 9,400 support and getting as low as 8k and even lower depending on the exchange you use.

After that spike sell off, which was playing out while I was on air doing the scaredy cat investor show on MSPWaves, I said that the sideways action that began to occur on the hourly chart would likely continue for several hours as the 10 period average played catch up.

Now that price hit that average will we leg down?

Looking at the hourly chart in this post. Price has hit its head on the 10 period as it has come down with price consolidating and the action looks like there is still pressure on the sell side. 8,500 seems to be the level that price opened and closed on several hourly candles so it will be interesting to see if price holds that or even tries to push through the moving average to the upside.

What I’m looking for though is another leg down. I have buy orders in down at 7,650 and I already bought a little just below 8,500.

I’m actually rooting for another leg down because I’d love to buy lower.

More upvotes, less comments?

(Source)

I do not know about you but I think we have lost something important lately due most likely to the new reward system…

Don’t get me wrong, this is not a complaint at all about the new code of STEEM but, in my opinion, since a couple of weeks ago the comments received on my posts have reduced in number drastically…

Honestly, I am not the kind of person willing to “earn” something by commenting but if I feel I have to express my opinion, feelings or gratitude I am commenting always, not expecting an upvote there but maybe building a good relationship with the author.

Perhaps, the aim of this attitude is to find authors-steemians that you like or you are mostly aligned with their thoughts and so, obtaining mutual “engagement” as a reward.

Aversely, having a look to the steem.supply tool from @dragosroua , my level of “engagement” has increased substantially, being the quotient between upsteemers (people that have upvoted me lately) divided by my total number of followers of about 18% while 1 month ago was around 11%.

Suddenly I am receiving a lot of upvotes, sometimes more than a hundred per post despite 90% of them are at the dust level threshold, I think this is good fro me since there is people that likes my posts…

Also, another tool which evaluates the attention rate of an author is the SNAX rank. Here my rank is high, I suppose, since I am located at the 327th place of the steemians active and registered at the SNAX blockchain…

17 posts done in a week, 514 upvotes, 47 comments and 1 resteem…

17 posts and 47 comments in total, this is 2.7 comments per post, the majority of them are related with @actifit or BEER or@runningproject resteem service…

I think that, as an average, I am getting 1 or 2 comments lately per post while 1 month ago they were much more…

As a summary, HF21 / 22 has brought me more upvoters but also has taken the comments …
And it’s the second thing that I’m missing the most lately…

I have not changed my behavior in front of my commenters, I used to reply and give them and upvote on the majority of them and, sometimes, I offer some BEER token in order to balance the small lost on rewards due to the new rewarding system which for sure has something to do in order to explain the reduction of comments but, maybe, I was not expecting such a huge reduction at all.

Anyway, perhaps would be better to do this analysis in a better period of time, once we escape from the claws of the bears…

By my side, I am going to keep commenting, upvoting and supporting others since networking and engagement are the most valuable assets for the sake of oneself and the STEEM blockchain success.

@toofasteddie

Ripple (XRP) Price is a Fun Roller Coaster Ride!

Last week the price of ripple decided to wake up and take everyone for a little ride. After doing so it topped out quickly at a prior resistance and now has pulled back to flirt with prior support levels after falling through them briefly.

Is Ripple Worth Buying?

Mind you this is strictly a technical analysis view, whether you believe in the usefulness of ripple is a complete different topic.

Looking at the chart and recent price action this is what I see….

Spike in Volume With a Blow Off

If you look at the volume bars at the bottom of the chart you will see there was an uptick for the two or three days that price spiked higher. And spike is what it did topping out just shy of that 33 cent resistance level before pulling back.

Good news/Bad news of Pullback

So the good news is price pulled back on decreasing volume which is always a welcomed sign. The bad news is price pushed below the support area of 28 cents or so.

Where we stand now…

After a few down days we are seeing a green reversal candle and price is fighting with that 28 cent support area. It would be best if price closed above 28 cents, which would also create a bullish u-turn pattern for the price of ripple.

Bullish u-turn patterns are something I cover in these cryptocurrency trading videos.

If I were to get long, which I’m not saying I am…then the low of today’s candle is my stop loss. Upside target is that 33 cents to start with.

Will Bakkt Awaken Bitcoin From It’s Slumber?

About a week ago I pointed out the descending triangle bitcoin price was saddle within. Since that time price action has gotten tighter and tighter.

Generally so sort of catalyst props a push either higher or lower to break out of the formation.

Bakkt Launches Tomorrow

I don’t know that this will cause a spark or not immediately, but it could have some impact over the course of a few days as positions are established.

The beauty of Bakkt is….

There actually has to be bitcoin used to physically settle futures contracts. As opposed to cash settlement where no bitcoin ever needs to actually be in play.

So, even though one can use margin for futures positions. At the end of the day (or contract I should say) physical bitcoin is technically supposed to be delivered.

Given that institutions generally play in the futures market and Bakkt will also provide custody accounts it makes sense that this will drive more demand for bitcoin investing.

I guess we will see come this time next week what kind of impact it has.

Ethereum Price Looking Bullish After Recent Move

The price move of Ethereum the past week has been quite bullish. Last week I wrote a post covering the positive signs I saw from price coupled with some upside targets.

Luckily it played out and Ethereum pushed higher reaching all but the 230 target on this first move.

Orderly Push Higher w/ Constructive Pullback

I love what I am seeing from price right now. If you look at the chart in this post you can see after the aggressive push higher we are seeing a nice little pullback.

This is constructive for two reasons:

  • Volume was rising on the move up and is declining on the move down (though on a whole volume still isn’t very high)
  • After stretching away, price is having an orderly pullback to allow the 10 day moving average to catch up (which I am using as a guide for re-entry)

As much as I’d like to see price touch the 10 day moving average and then push higher, it doesn’t always work that way. It could turnaround at any moment and push higher or come down even more. In the end, we need price to maintain above 202 for the price action to remain in a bullish tone.

As for upside targets. That 230 area is the next target. If price breaks above there then it has a shot at establishing in that prior range that has upside up to 273.

Is Alt Season Here?

Alot of people are claiming alt season is here. Well, I hope they are correct, but if we don’t get a second leg in this move by Ethereum and other alts then all it was is a bounce.

Here’s hope for another push!