Post by
MartialArts on Mar 21, 2018 10:17am
I'm out. It was very lucrative!
Selling my last ones left on CMED here in the $36s. Sold most higher and the small position that was converted to ACB was sold off. Almost had a perfect score but ended up giving back a small amount of my gains. Oh well, can't win them all. I was one of the ones who was misled by the press releases and by Lauren Hill. I have zero trust in Aurora who is responsible for Lauren Hill and will trade it as such.
Volume on CMED is just too weak. I so agree volume will dry up and there won't be a market for CMED in no time at all.
ACB is frankly scary since hold out stuck in conversion will likely bail at sub $10 next week. The only saving grace will be if the sector takes off but with all the new rules and uncertainly with legalization I'm going cash on most weeds and waiting it out. Looking at trading other sectors based on seasonality and market rotation. There's some real risks in this sector based on the weekly rotation graphs and macro market factors.
Comment by
PROtrading on Mar 21, 2018 7:12pm
Good job buddy. Hope everyone else espaced the flaming ACB dumpster fire raging on! It's going to get UGLY!!!! CMED holders will want to preserve their cash and go sidelines until the firemen come and put this one out! Mashmallows anyone? LOL