48North Cannabis Corp. V.NRTH

RE:RE:Frustration Vs patience

[flamingogold]

Despite this, I have long said that we may test $1.05. Financing at higher levels does not guarantee a lower level. Just look at LYFT. There's still 6 more weeks before any HC decision. Anyone looking for more shares, that's where you want to place a bid as I do believe NRTH will succeed moving forward. glta

flamingogold wrote: There will be no recession... low rate of growth but no recession. The current problems with the market are man-made.... one man in particular. Look south for the answer. Trump will not let the economy roll over, not with 18 months to go before re-election.

Canmoose wrote: I think there is a little bit of frustration with the latest development on the Cannabis industry.
On one side some investors believe the stock is under evaluated given the probabality they will succeed with the outdoor production.  In early March, seeing the stock appreciate to $1.69 was kind of ecchoing the claim the stock rapid appreciation.  Since March 8, some longs felt that anyday 48North could annonce the ''good news from HC'' and saw the stock loss 25% of it peek value.
So this was a perfect situation for the Shorts to pump up the stock  as longs became fomo's....
The shorts must made roughly $2.4 Million with their 8 Million share sold over $1.50 ....

Now that the first quarter of the year is over, Wall street is letting the ghost of recession out of the closet again...Is it true ? China raised their GDP outlook , US want lower interest rate triggering a question over domestic growth, IMF just cut it's 2019 growth outlook.....
So are we looking at favorable conditions for appreciation ?

I don't take so for now.
Most probably 48 north management team is waiting to make annoucements .
Why use amunition when the conditions are not there....

So patience,  in 6 or 7 weeks , good news will be annouce and the $0.25 lost could be erase with hughe pick up in futur weeks.

Good luck to Longs.