Nextleaf Stock Maintained Within A Tight RangeFor days now there is, most of the time, a big bid at 13 cents and a substantial ask at 14.5 cents. No way to get out of this, but maybe on the low side because it is probably the same risk-aversed penny-flippers who are trading the stock in this way.
It helps explain why the stock went nowhere despite the good news we had this week. Maybe next week Q results will blow the 14.5 cent cap and set a higher trading range. For now, there are still some folks who bought under ten cents taking their profits to pay next month rent.
This is the thing with summer doldrums, low activity. A stock is easier to manipulate. Especially at a low share price. But summer is almost behind us now. And with a stock like Nextleaf which is trending higher, it is worth staying around to catch the next major leg up.