RE:8 Weed Stocks Jump Over 150%So what!!! This is the typical reaction from Retail investors react to any news. The reality is that the fundamentals are brutal for TGOD, FIRE, HEXO, TRST.....
even Weed, whose EPS is minus $6.00
Analysts rate HEXO underperform, rate ACB --$1.50 to $2.50 target price.
No rating for TRST because it has NO earnings.
So, you are just pumping a reacting.
Watch when the share price of these pot stocks falls, retailers will be caught holding the bag....
Remember, stocks never go straight up---they ebb and flow, swing high, swing lower.
You are seeing decline on the daily time frame for TRST, after a swing high of $1.20, the stock touched a low of $.93 cents.
Expect the decline to continuee on Monday---in other words, TRST will show lower highs and lower lows.
This news is just pumping---fundamentals are the reality---earnings per share, revenue, debt load, cash burn...
Every pot company is cutting back production, laying off workers and closing production fascilities.
Remember, lower lows on Monday---even Weed is reversing..