RE:RE:Mates, why buy WEEDS now...not even worth trading...wait forYour broker is right... This stock is another Hexo---a retless decline..
New all-time low today.....45 cents... But there were more than 9 million shares traded on the CN side. The average is just under 3 million shares traded daily.
I will never buy and hold Weed...Only swing trade the stock...(hold it for two or three days in an uptrend)
Also keep in mind that Weed will have to do a reverse split in January 2024.
Likely 14 for 1....
Weed closed at .37 cents US today..
No reason for Weed to reverse and move higher on the weekly or monthly time frames... Weed is on life-supports just like HEXO. And now HEXO doesn't exist.
The EPS for WEED, according to Questrade is (-7.01) a share, with a revenue decline by 20% to 80 million this past qtr. WTF...You'd have to be stupid to buy and hold.
Where's the bottom...???? Could be .10 cents, just like HEXO.