How it works
I have been Holding Mettrum for a while now and honestly was staying away from CGC just because of the way the stock was being played. But, here we are , counting our performance of a stock that to me, is overvalued at this stage.
The thing is that , no matter what the valuations are, people buy because of future possiblites.
That being said, SHORTS love the stock because they can grab a ton of shares and drive the price right back to where it all started. The the company comes out with news and the covering drives the price up $2.00 or more, only to be shorted like crazy again. WHY ! Because at this point, it is all speculation and hopes of what the future will bring.
I have no doubt that the Government will make it legal, but they will also get their share and make sure the taxes pay for government shortfalls.
In the mean time, SHORTS will play, investors will cry and we will go up, we will go down.
Just part of the play. I was happy with Mettrum and after dealing with Investor relations there it became obvious they were looking at the bigger picture FOR THEM !
The amount of shares they have granted and CGC especially .....What a terrible time to release news about a financing. You do that on the back of good news.
I said it before, the stock is being devalued by issuing so many shares and is going to take some VERY GOOD NEWS to rocket back.
I have to hold now, almost back to my entry point, geeez, These stocks never change, just the product. Time will tell, but waiting for news for the next push up and it could come soon.