RE:RE:RE:cgc jackripperIX wrote: PotStocker wrote: dongets wrote:
someone tell me what the hell is going on with cgc ??????????????????
Laundry! And it is done! If you still have your shares, just hold it. There should be a period of calmness before big up or down! Before the earning report, it will go side way.
I didn't make a lot on this stock but i sold it all when it was around 3.20$, i saw the storm coming when it was up around 3.60$ and then BOOM , 11h30 AM, that day, it started dropping like crazy. You either have two choices : DOn't look at your stock till next year or sell them all , don't think anymore. Tomorrow is friday and as we all know , its selling day ...
My thoughts 1, Right now, there are too much media coverage, so weekend is good for longs. Because they will talk to friends, families about this once in a life time opportunity. Because this steep correction, it will attract lot of new buyers. 2, Today, all the weed stock had a gap down. Usually, short sellers are reluctant to add more short position when then see gap down. Instead, they will use this chance to buyback. Tomorrow, you will see less volume with a very short period of down time. Short will use that time frame to cover all its position. No shorts would carry his short position through weekend. Without short seller, the share price will slowly recover. I might be wrong. But I think I have good chance to be right. Good luck to all.