Ventura Cannabis and Wellness Corp CVHIF

RE:Was I wrong?

[Joseph_K]

That would be one way to look at it.   If you truely believe in CXV, you probably should be buying the few .08s available at the moment.

If you are a day trader, you probably wouldn't touch them.   You already saw them do a bit of volume at .075 today, then saw someone try to buy the .08s and place the start of a decent bid on at the same price.   However, someone else, either disenchanted with CXV or perhaps a manipulator, decided to dump all over that .08 bid, and since then, it has even traded down to .075 again.

I say 'as a day trader' because day traders are normally only in it for the quick flip.   In this case, there is already a large ask wall at .085 in front of them, so do you risk buying the .08s and tossing them on the back of the big ask pile at .085, and hope someone is still in love with CXV at this price enough to buy through the .085s, or do you throw down some .075 bids instead and hope you can flip them back on the ask at .08 quickly after you get your fills?

It seems obvious which way the day traders are leaning at the moment.   Now lets see if the true believers will start buying, or if a little tree shaking and the possibility of losing another half cent, or 6.25% on their investment, will panic them into throwing a few shares on the ask at .08 before a wall gets built there ahead of them.

Gotta love the games the deeper pocketed types play with these micro cap stocks.