RE:What has happened with this PILL ?To From Belgien; I'm going to try to offer you some sincere investing advice
1. You should never be investing half of your life savings into the market
2. You should never be investing half of your portfolio into a single sector and especially a single stock regardless of the your 'return or opportunity expectation'; nothing is ever a sure thing.
Now, to the next part,
Cannatab lauched their IPO back in April at $1.00 within 1 or 2 days in dropped to $0.70. Over the next few weeks it swung up to $1.20; during that time they released several news updates in regards to patents and application for licenses.
Here's the thing, right now they're in approval stage and categorized as an edible. Edibles will not be legal for 1 year for legalization (which is supposed to pass today).
So you have investors who may have bought at $.70 and have sold and moved on to other LP companies because their product is about to become legal and the potential for an uptick in those SP are more near term.
This company is at it's infacy in regards to product development. I'm invested but knew when I invested a few weeks back that this is a longer term play.
You're going to need to hold for atleast 1 year (until the product comes to market) to realize a major gain - $2 per share.