RE:Why is this stock free falling?QueenNerfertiti wrote: Can anyone shed some light?
Personally, I wish I had never decided to start trading stocks. It's a rigged game that makes absolutely no sense.
GLH - Fantastic company, great management behind it, expanding nicely (Washington, Dixie partnership), dominating current medical market in Oregon, yet it free falls.
CGC - Making LESS money than glh, far smaller market (not to mention very saturated given current medicinal laws and selling mostly actual weed)
SL - To date making 0 dollars and 0 cents every single day, yet trading for not much less than GLH.
I honestly think it's market manipulation. There's no reason for this to be in free fall, nothing stating that something bad has happened this week to push this stock down. But then again, at what point does the company step in to protect it's shareholders from holding the bag?
The saddest thing about these stocks is that there are people that come to have a great laugh at others losses, and that's the main regret in my decision to trade stocks. I have never been so disgusted by people until I traded stocks and saw this happening. Like MagicBeans (the award winning blogger who can't distiguish between your and you're), I think it was a week ago he came to laugh at people losing money. Then there's the trashbag Frankie, having a good old time. I don't wish for either of them to lose money, I would never do that, nor laugh at their misfortunes, but what I do hope is that if and when they lose money in any stock, someone is there to not only rub their nose in it, but to press on the back of their head with a boot to make sure they really get their nose right into their misfortunes and have a jolly time laughing.
I think this stock will rise, I really do; there's a lot going on, we're waiting on financials, information on washington, recreational sales etc.... But who am I to say anything, I am trying to come at investing from a logical point of view, which apparently you should not do.