RE:RE:Two weeks of Flat Trading I don't equate a MJ producer which has a current revenue stream and will branch into different areas of growth such as what THC is involved in as having any comparitive value to your "
gold, oil, tech, biopharma, whatever".
The "whatevers" are all bought and sold on speculation. First the samples, then the drilling/testing, then the applications government approvals, then the agreements with first nations.......yada, yada, all the while the share structure has ballooned from 50 million shares to 300 million shares with zero revenue! Meanwhile the insiders and Management have become filthy rich while the shareholders have lost their shirt. No sir....don't see any comparison at all!
Red_Deer wrote: Hey Charlie Chan__you seem to have had enought Spec Penny Ponny trading experience to perhaps be aware of yet One More CEILING.
What I have observed over the decades is that very often Spec Penny Ponnies__no matter if they are gold, oil, tech, biopharma, whatever__ALL have a tendancy to first Stagnate and then slowly dribble back downwards ONCE actual Production is started.
Spec Penny Ponny traders LIVE on the Adrenalin RUSH of the BLUE SKY ahead and LAP up all the Honey provided by the Hype of how well the company is GOING to do.
When it comes time to ACTUALLY start being a Producing Company__the focus changes to the Quarterly Fiancials to see HOW WELL the Company ACTUALLY is going to do &&&&& wise__at which point VERY often the BLUE SKY is GONE__along with the Traders who have moved onto the NEXT Hot Place.
So perhaps THC is Transtioning into this NEW PHASE already eh?