RE:Try as I may, I don't see the price going lower...TNY, FIN and EAT have all had terrific runs. That being said, their valuations are more than double their last PP issuances. I only had EAT shares but closed out my position on Nov 8. I'm watching now, but I see more short term weakness in all mj stocks till their valuations come more in line with their fundamentals. These companies need to execute their business models and demonstrate revenue and profit generation. Just because it mj doesn't mean it's open ended and and a licence to print money. There are many unsophisticated shareholders with little understanding of investing and valuations and unfortunately they may fall prey to the daytraders and short sellers. Also, when the PP shares become free trading, many will be sold for any profit and help drive the sp down. That's in 4 months minus 11 days. All 3 of these companies monied up recently and I'll probably wait till their PP shares become free trading in the future and see what shakes out.
Although I'm not much of a technician, I see a classic head and shoulders formation in TNY on the 8 day chart indicating significant short term weakness. I'm not bashing nor am I a short seller, just adding my 2 cents. GLTA