RE:Friday's Close ?I'd be surprised if we close at $43 this week.
1. Split is not until August at the earliest. The vote only takes place July 30.
2. Recent PR's are now priced in, the news has been out for a few days now.
3. This is probably also largely priced in, everyone knows we are getting closer to Oct 17, but it's still 3 . months away. I expect a nice "pop" in the week leading up, but not 3 months out.
4. This will only start happening in mid-late August I believe, and is also not a catalyst to move the stock price up.
5. MOU's should be a nice tailwind, but not enough to get us to $43 by week's end.
For what it's worth, I'm long WEED, but I like to be realistic. I think we hover between $35 - $40 until September (or the equivalent of $35-$40 after a split), then we see a big run up in the week leading to legalization + the constant media frenzy and lines out the door. Then prices will probably settle down and Financials will be king.
GLTA!!