RE:RE:Being Long is good but the chart rules the daystarsearcher40 wrote: I appreciate your thoughts Due, but I can't say I agree. There ARE catalysts out there that can absolutely drive the stock, including the quarterly, and news on the Germany front. I'm considering too the impact of announcements such as today's, where Canopy is going to be bringing substantial other growers into the fold. It's hard to qantify at this point, but I think we'll be getting more clarity on this soon. The news release suggests further info on May 1st.
You're suggesting this is a natural correction of sorts. I've suggested that the stock is actively being manipulated, and I can see that in the trades that are going through. The goal of the manipulation is to push on the stock, break key support levels, and essentially paint the chart. Eventually, if done well, the downside does get a life of its own, and the manipulation can ease. I think we're seeing some of that now, and I fully appreciate that some people just can't help but emotionally sell in their own pain. It's not a good move, but it does happen all the time.
So we'll have to see. So far your $10.50 sell wins the day. Congrats on that. But I don't think we'll have to wait for Fall hype at all to move back up. The company is maturing on multiple fronts, and this will be reflected well in the market, current silly trading aside. With that, I don't mind holding through this annoying moment at all.
As always, we'll see what comes.
It isn't just weed's sp that is declining....its the entire sector.Sure,an NR may cause a jump in sp....but then the trend will continue.
IMO