Chalice Brands Ltd CHALF

RE:This is almost unbelievable...

[jutah70]

just remember this stock in not trading on any fundamentals.  So for people to be comparing to other MJ plays is not accurate.  On friday when the numbers come out people can give an assessment based on what the balance sheet shows.  Even based on the last quarterly report the share price is well below fair value.

Manipulation in this sector at this stage is to be expected.  Why do you thing so many larger players and fund managers are choosing to stay out right now.  Just for this very reason.  They have shareholders and investors to answer to (who are looking for more short term returns).  You can't even use technicals to trade a stock like this yet (just not enough history on the chart.

As mentioned before, share price does not always reflect fair value (both to the upside and to the downside).  Buyers are taking advantage of holders looking to unload a large volume of shares.  It can't be based on news -  the news has been good during this quarter.  

I took advantage a few times.  Not to drive the price down, but to take advantage of mispricing in the market (my volumes don't move the needle).

Even if the numbers are good on Friday I don't expect the stock to take off.  But it will start to give the market a better idea of where they are at (setting up for the following quarterly release).  It's still early on this stock yet the expectation is that it should be trading and valued as if it were on the TSX for 3 years already.  It's all about expectations.

Hold on to your hats, it's gonna get real interesting.