RE:RE:RE:Gap up $2.50-$2.60 pre marketTradingvet55 wrote: gramara wrote: Tradingvet55 wrote: Tomorrow will be an explosive day. CGC has all the momentum right now and closed at the high of the day of $10.79. They will gap up to $11 tomorrow. ACB will follow suit like all other Mj stocks and gsp up between $2.50-$2.60. Tomorrow the bull rush continues as the chart is screaming buy and shorts will be running to cover after the big gap up in morning. Also now that we have news, we may even gap up above $2.60 I wouldn't be surprised if we did. Congrats to everyone who bought today before the halt. Big green day tomorrow for all Mj stocks.
While I agree on the gap up tomorrow because of the overall momentum of the sector. There is the posibility that some people sell the news that comes for ACB (I think this will depend on what exactly the news is). If that happens I'm thinking we'll see a gap up first thing then some retracement.
hard to see any retracement if cgc continues it's bull run above $11. We're all still playing follow the leader as evident the last two trading days with cgc. Rarely do we ever see cgc green and acb red. 28 out of 30 last trading days acb closed green when cgc closed green and closed red when cgc closed red. If anything we should one green at a higher percentage gain than cgc tomorrow
I agree cgc will gap up as every brokerage firm in Canada and the US will accept from the Task Force that we are going Rec - besides this ACB ratio to CGC should be 80% not 60% that it's currently trading at. Based upon approved grow space ACB should potentially be even so there is a lot more room for ACB to run. The acquisition of RTI is far better than CGCs of Mettrum which is not really accretive.