WHY? I am taking a solid guess. Ive lost 4 grand buying at ten with my 14k.. All the money i had saved. Im young and dontmake alot at work. Alot of "bashers" called for this to happen. Sell in May and go away.
what we are seeing is a mass exodus of US dollars leaving the sector. I expect this to stay down untill September. It is what was predicted, so do not be surprised. What was also predicted was a new huge run up starting in fall as legislation was released, and all the investors flood back in.
I suspect it will be bargain shopping allsummer long for this whole sector, and if I think this as a total noob , thrn the pros definitely know it. The shorts can run free and there is nothing to stop them.
I am not stressing anymore about the red because I almost expect it now. I was allways long. Now I am saving as much money as I can to buy more when it hits the true bottom. And I would guess alot of people are. I will not sell my shares for a loss even if this dips to 2$ . I will wait for years if I have to.
If you are smart you should not be worried as it is obvious that eventually these companies will bemaking alot of money. All of theyre expansion plans are onlybarely underway... How bout when they are up and running and producing huge crops every couple months? Look at ACB which only just recently crashed after holding stronger then the rest. What happens whenthey add 800k square feet to grow in.? Surely the sp will go DOWN.? Uh . No
I am bargain shopping this summer and will be happy next year when this thing doubles from the current sp.