RE:RE:volume down, on good news...golfyeti wrote: not really new news and besides Hexo is sucking up all the attention today. They were off to a great start this am with news of $33 M in revs, up 94% over last year`s and losing nly $20 M vs losing $238M in the quarter 12 months ago. This was the good news and the stock took off. Then on TV the CEO refuses to answer a basic transparency question on cost per gram and then cites withdrawal of reporting on `cost per gram`citing some lame excuses and then starts ``bashing`` competitors on their reporting and inventory issues. The stock abruptly turned back down.
You can`t judge a stock by its hour-to-hour trading. DN as a company is a tortoise with steady sustainable progress and the stock will languish because it looks boring these days especially when our competitor are jumping up and down ike hares flashng their smoke and mirrors big global expansion talk. `DN nevers comes off as aggressive for growth. As a result this is not a popular swing stock. But our time will come. This is an accumulate`-on-dips and lock away in long term storage kind of stock.
I do hope I am wrong and we will soon be trading above $5... :)
that would be awesome as of right now i think we can hit 1.50 if all the right news alines.
1) news on 12th store
2) strong financials as guidance has hinted
3) upgrade to nasdaq
this is just my own thoughts coud be very wrong as DN has taken me for a very long drive
good luck all we need it!