Well here is my theory (
opinion):
Look how easy it is to manipulate a CSE stock with a small float, low daily volume and no interest from investors or the market. With about C$630 market makers were able to move VIBE stock almost 16% today. Yes, that's right just 3500 shares traded today (see detailed stock sales below).
VIBE pumpers will paint a rosy picture; "look VIBE is up today while all other pot stocks are down". Dig deeper and look at trading volumes and the stock price over the past 3 months. Investors are not interested in a small cannabis play with most of their dispensaries in California, a state with a huge black market (2/3 to 3/4 of all pot sales) and onerous taxes. Look at VIBE financials for the last few quarters; revenues declining and losses increasing.
One loyal pumper here will brag about the profits he made flipping this stock. Laughable with these daily volumes. Just try flipping 10K shares (~$1500 to $2000) when on most days the daily volume doesn't even total that amount, except when the stock price is being manipulated.
When VIBE was pumped this week on the TLRY board an astute member replied:
"Man.... that's some crazy low volume........ It looks interesting, but with that low float and very low volume it might be hard to get out of this one once you're in...... Scary..... Gives me a bad VIBE... Heha." If you believe in the cannabis sector and want to make a profit if legalization in the US becomes a reality, then look at the big MSOs who dominate the US marketplace.
JMHO
Recent Trades - All 8 today |
13:50:36 | U | 0.185 | 0.025 | 500 | 2 RBC | 2 RBC | K |
13:50:36 | C | 0.185 | 0.025 | 500 | 2 RBC | 88 Credential | K |
13:50:36 | C | 0.185 | 0.025 | 500 | 2 RBC | 88 Credential | K |
13:50:36 | U | 0.185 | 0.025 | 500 | 2 RBC | 2 RBC | K |
13:50:36 | C | 0.18 | 0.02 | 500 | 2 RBC | 1 Anonymous | K |
13:09:52 | C | 0.17 | 0.01 | 68 | 84 ITG84 | 85 Scotia | E |
09:58:34 | C | 0.18 | 0.02 | 500 | 80 National Bank | 1 Anonymous | K |
09:36:01 | D | 0.18 | 0.02 | 400 | 80 National Bank | 80 National Bank | E |
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