RE:RE:RE:CGC closed strong todayTo be honest, that big red candle was a big sell signals. That means the market makers are short selling.
I regretted I woke up too late that day and I was not ready. My laptop was frozen otherwise, I could have cleaned out with 50% gain. I am now sitting on 40% gain waiting to sell.
Regarding fundamental? I only agree that the market sentimental has changed but the law/regulation remains the same. It would take lot of months to get the bill passed. We will be lucky to see it is approved this time next year. Till then, we are still on our own.
The market sentimental will change once this enthusiasm is over. Retail investors always hope they can make quick bucks over days/weeks. But this is not going to happen.
If you check the volume by price, you will find out that there about 0.5Million shares bought over 2.5$.
Unless there are some really big buyers going in, then it will take some time to go over 2.5~ 2.64 range. Most likely what will happen is, the market makers will drive the price down so these people will be desperate and cut loose.
I could be wrong so I will keep half of my shares and sell half.