RE:There is a rumor that WEED will drop even lower than 0.68¢Traderstock101 wrote: According to some professional analysts following the next bad negative news, the title of WEED will drop very quickly towards 0.50¢ Many negative scenarios in sight.
Many positive scenarios in sight.......the least of which is American legalization with CGC having a firm foot in the door ahead of this game changing event.
Penny flippers are being left behind, swing traders probably see a trendable pattern here that they can swing a portion of their position with to fortify their holdings.
But even the swing traders get it wrong on occasion and have to chase to buy back a smaller position.
CGC = obvious hold, going to the $1.00 mark and probably a lot quicker than most traders think.