RE:Please do say something.I like to hear all sides, pros and cons. Whether I agree or disagree with a person I'll either ignore their message or else respond. (I don't use the ignore feature, I might miss out on something actually worth reading if I do :)
I'll take a stab at your questions:
1. I suspect share holders are not enamoured with the level of this stock at the moment and are deciding to sell. Profit taking and daytrading also. In order for this stock to move up there needs to be something more substantial than an MMPR license. Actual domestic MMJ growth and sales numbers from that growth is needed. (Before that some actual hard numbers from a Qtr. news update would help.)
BED really needs to add a few more NR to keep the interest going for the finicky investors. But they are not that kind of company. Maybe that will change. (What I do not want to see is some quick pump NR like other stocks in this sector though. When that happens I shake my head- it gives this entire new investment sector a bad name.)
2. Yeah me! /joke
(I haven't the faintest idea...)
3. Scale. The US has a huge number of potential investors and MMJ patients / rec. users compared to Canada. Right now I see Canada becoming over saturated with potential LPs or mining companies who want to jump in on the bandwagon. If I wasn't a long holder and an MMJ patient myself I would ignore this entire sector as an investment and look elsewhere. (In the end I am in this to make $$$ !)
That's all I got.
PotStocker wrote: I always look around on marketwatch.com, seekingalpha.com, stocktwits.com for our investments topics, now the stockhouse.com. I do not do penny stock usually but because the pot industry is on venture market so I have to be here check and recheck my investment idea.
I agree I have talked too much but if you can talk more, I would like to listen. Trust me, talk helps. It has saved me from disasters not just once or twice.
For the reasons we are all on the bull side, please do say something. Even you are a bear, I would also like to hear your reasons.
I have the following questions and I want the answers or hints for them.
1, Who is selling, the share price is constantly bleeding and each rally got sell down
2, Is there any market maker behind the selling?
3, Why Canadian pot stock is not as hot as US?
Please share some ideas, I want to learn.
I will keep my mouse shut till next Monday
Thanks