RE:Not a good day today It played out just like I thought it would. This is why I said this 1:10 reverse split was a bad idea. 25% haircut after a huge news with c218 approval. $40 support already broken. People are taking profit and looking for cheaper alternative plays. I just call it as I see it. I believe some people are still locked in till tomorow. So we might see some more selling tomorow before it bounce up. Little players can't afford these stocks anymore and big players can shake this down as much as they want before they take it up. So look for these little signals when they start buying. And Ofcourse I could be completely wrong. Cheers.
BudFoxx2020 wrote: Anyways there is no problems buying but if someone wants to sell you will have to call them that's the only way. Or just wait, it will be cleared by end of day or Tuesday at latest. The committee meeting is set for Tuesday. It's nothing special, the third reading would be the next big catalyst. If it was not for this 1:10 split we would be comfortably sitting at $6-$7 share price. Lot of new Investors have no clue how split works and the lock on selling is further confusing them. They are panicking they can't sell and the first thing they will do as the restriction is lifted is sell because they have no understanding what is going on. Anyways we are about 3 months away to full legalization probably around May. This new share price will kill the volume, not eveyone can afford a $50 stock. So we are going to need big players to jump in. I am 100% sure we will hear about dilution pretty soon before full legalization. So invest and trade accordingly. We are pretty much priced in the $40 to $60 range till the 3rd reading. And Ofcourse I could be completely wrong. Cheers, good luck all.