RE:RE:EVE will be BANKRUPT MJVigilante wrote: If more people think like you we will form a double bottom at 6-6.5 cents and then we move north. That would be a good thing in my opinion. Computer models almost ensure patterns today. EVE is not going to go broke like some prophets forecast. But i guess time will be the ultimate judge there.
The whole market is a farce, this is either a fake out still with a big crash coming in round 2 of the virus, or they are blowing smoke up our a holes and we will crash again sooner. perhaps after a 50% retraction. Look at the unemployment, then look at the fact nothing is being produced, it will take time to recover.
I partly agree with you... I think the market is going to keep declining and crashing... Lots of bankruptcies coming this year. Lots of bag holders will be suffering. Lots of pain to come.
I suggest you sell and get your cash out of MOST stocks now. If you really like them, you can buy them back in a few months from now at 30-50% discount.
Now, you saw I made a point of "MOST". There will be winners out of this pandemic.
Marijuana is going to keep selling during a pandemic, it'll even increase in demand.
This is great news for profitable marijuana companies which I believe EVE will be.
Other stocks I believe will be winners in these times are other sin stocks such as alcohol and tobacco, Banks, Grocery Stores and other very specifics stocks with very promising news or a special niche of some sort to make it unique (Eg Amazon, Netflix, bio-health/science companies)
If you're a shareholder of EVE, I would not be selling at these times. Atleast wait until Q2 comes out (Sometime in July?) with the spike in sales due to COVID19 Demands.