BEST JUST TO IGNORE THE BASHERSAnd before too long they will move along....or return with a new profile, so we might have to flush twice to clear the pipes of their rotten extrement.
Myself I`m here to share positive views - not to kick a dog while it`s down - the entire MJ sector seems to be on life support right now, AGRA is no different and looks to have taken it on the chin harder than most.
My bet is that 1 or 2 sellers capitulated and sold at a tremendous loss, but like Warren Buffet said "The stock market doesn`t create wealth, it is merely a machine that transfers wealth from the impatient to the patient"
I can see how many have become frustrated and thrown in the towel within the MJ sector, Last friday was a tough day for the ACB and the WEED crowd, next up HEXO will announce a reverse split and brutal PP and like Ross Healy is fond of saying "How low can it go, well you will be surprised"
This is what has happened with AGRA, just creamed on capitulation but unwarranted.
It`s anyones guess what happens next, a NR with some teeth will help - I think AGRA led the pack on the way down and as such looks to be one of the first bouncing back. I know that`s not much comfort to those who are trapped higher but I`m thinking the sellers of the super cheap paper are exhausted - very small float now after the reverse split and a lot of it has changed hands in the last week or so.
So either a new class of bag holders of worthless paper or a new group of soon to be handsomely rewarded risk takers.
My bet is on the latter.
AGRA looks to have been pretty consistant with timely updates and NR`s and I suspect something good is coming down the pipe.
This stock should easily climb back to the 15 cent level for support and probably sooner than later.
GLTA