RE:RE:Newbie in investing but a quick questionSo much re-affirmation from institutional investors saying they are going to short this and bring it "back down to earth" has made me realize the sell off will be worse than most probably expect. Speculation is a b1tch if your not careful - hence why institutional investors always warn people to stay out because if you don't know what your doing you'll get burned hard. The fall is so steep I expect it too pierce through the 20 day MA because there is no real support until $4.00-4.50. As I've been saying look at Supreme. When they topped like CGC, the fall had so much momentum it went through the 20 day MA. So assume we end up around 4.50-5.00, you got to factor in a potential Trump election which will make the stock market crash, much like Brexit. If Trump wins, CGC will break 4.00, and maybe fill in gaps in the 3.00s (quick dip). This stock has risen from 2.70 based on nothing but hitting the TSX and political task force hype, which comes weeks after the U.S. election. Revenue report is also late November. So the damage before that can be catastrophic as the air blows out of the hole. Also you will note how Kevin O'Leary reaffirmed what I've been saying the past few days, that over the next while, some companies will get bought out and others will go bust. They can't all be winners. So this risk needs to be factored in. I welcome a return to earth because I haven't been blind to see it coming.
I can't get any damn work done! So much volatility and opportunity and money. I can get a years salary or an entire scholarship worth of money in a single trade.... so hard to justify setting things aside... especially when things keep going according to plan.