Why the share price is not moving -- one possible reason
I had chat with one of my friends who came from China regarding the price action of Bedrocan. He used to be a market maker in China where they call this type of traders Zhuang .
So, my question to him is that, why Bed is not moving and this could be the best medical marijuana stock to invest.
After I gave him all the reasons why I think this is the best pot stock, his answer surprised me:
“Because everybody knows the reason to own this stock and it seems the reason is convincing, so there are not enough sellers. Because nobody wants to sell so the market makers could not accumulate enough shares in short period of time. If the market makers do not have enough shares, then it makes no sense for them to push the share price up. The only chance for market makers would be short-selling if they could borrow enough shares when the bad news is released. But so far there is no bad news from Bedrocan ”
According to him, this share is for investor. The share price will go up slowly on good earning report, at least , for now.