TSXV:RLV.H - Post by User
Comment by
kooter33on Nov 30, 2017 1:05pm
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Post# 27065042
RE:RE:RE:RE:RE:Insider just exercised 250,000 warrants @15 cents
RE:RE:RE:RE:RE:Insider just exercised 250,000 warrants @15 centsexcel12 wrote: I don't see it that way. After all I have seen HEMP insiders recently SELL at 50 - 60 cents. Less than a month later the SP went up to OVER $3.00. So much for the "signal" that insiders see "a short term top".
That is because the entire sector was flying. HEMP just got caught up in the Mania. IMO, the Marijuana mania is wearing a little thin right now. Market corrections are good for the next leg up. However, I do see "cup and handle" forming in the RLV chart, which is very bullish, so you may just be right with RLV. Lets keep our fingers crossed that we are basing here in anticipation of the next leg up.
GL.