STALLING HERE IN LOW 50 CENT RANGEI`m very lucky to be at even money on a fair sized position as CGC stalls in the low 50`s range.
Yesterday`s action almost hinted at a bit of a bounce back - but likely the perverbial "dead cat " bounce.
I`m ready to fortify my position here but thinking the market is most certainly in "show me" mode and there may be better opportunities to buy more in the next week or so.
I expect continued weakness over the next month or so as most investors are now very wary of a huge share consolidation coming down the pipes.
It won`t happen tomorrow or even next week for that matter...but, it seems inevitable that this will be the next move to shore up the bottom line and stay compliant with listing requirements.
I continue to sit and wait for deployment as IMHO there will be chaeper entry points in the near future.