Post by
Stockish12 on Dec 15, 2020 3:48pm
Learn the market trend - MMED, NUMI, TRIP price drop
Whats happening is simple. Its not shorts.
MMED seems to be the market leader for the small caps in this business. Numi and Trip trend behind it.
It is due to MMED's $80m bought offering.
Before you attack, it is simple. Do your dd. Check the suddend price drop yesterday on all 3. Around 2:45pm to 3:15pm. MMED crashed hard cos of the offering announcement, Numi and Trip followed. MMED recovered shortly after, NUMI and TRIP followed.
MMED increased their bought offering from $50m to $80m today and made it deep further. Numi and Trip reacted along.
Once MMED recovers, both of them will. Simple as that.
Always do your research.
Comment by
Liquidtrade on Dec 15, 2020 3:52pm
Well said. It is the same with the MJ sector. Whatever Canopy does....the rest usually follow.
Comment by
Kornooto on Dec 15, 2020 3:53pm
for sure....I think tomorrow mmed will drop at open and then pop....trip and rvv will follow...pretty much all of them will..