RE:The old adageWell said mugs. This is one of those rare trades that I didn't bother with a stop loss. Pretty hard to watch it tank from $32 to $26 after passing of C218. Absolutely no premium and respect given to SCR. Lets see what happens after the Royal Assent, which will probably happen on friday, it took two days for bill C45 Cannabis Act to get royal assent. I am hoping the $25 support does not break tomorrow. I got to admit I got caught up in the hype. My plan was always to get out after the legalization vote. SMH. Lets see what tomorrow brings. Once again, the markets are just unpredictable.
p.s. I see the clowns still think this is all manipulation by 100 trade lots with volume at over a million. This is pretty simple, traders, insiders knew the bill was going to pass. They bought last week, this week and as soon as the vote was finalized, they dumped. Was easy money for them. They are not here for the long term. Its that simple. The MM can't just sit there and shake people out of their shares everyday and especially with 1 million + volume. Lol. Stop with this nonsense.