RE:Went up like crazy, gonna buy More on pull backYou might see a pull back with stocks that trade big volume at the bottom, but generally speaking, LIB is a low volume stock. We hit the bottom, and still, most investors held on. I don't think enough people bought in the mid to low 20s for it to pull back.
This stock was heavily manipulated into the .20s. We all know this stock’s bottom should really be in the .40s, not the in the .20s with all of the ‘maybe’ late stage applications. Per my last post, LIB’s Just Kush facility is not a maybe…they already grow on a small scale with an older license. They are just stepping into the new license with more capacity. Plus, we have all the other up and coming LIB ventures and the fact that this stock is part of two major ETFs – companies don’t get picked up by established ETF groups without extensive scrutinizing and serious faith in future profits. There’s just too much good news here for it to pull right back. I was gobbling up as much as I could at .27 and lower and I’m not selling these shares any time soon. With a couple hundred thousand shares a day traded as the stock was hitting the bottom, there just hasn’t been enough volume to see any more of a pull back than we did this afternoon. The stock hit .29, the penny traders took their profits and pulled us back to .275, and then off to .30 we went. And if the statistical nature of charts plays any role at all with a lower volume penny stock, we’re days if not weeks away from another pull back after the beating we just took from the manipulators. If you want more, better just load up in the morning! Look at the RSI. We’re not pulling back any time soon.