RE:The elephant in the room that all the longs fail to addressPriceless. You must daytrade. You have no idea how many people have a solid long position and are planning on holding through April, all the way until legalization. Also, I will tell you that canadian marijuana producer speculative stocks on the TSX venture do not follow "the market" nor the "Trump trade" LOL You must be one of those overthinkers, who assumes everything in the stock market is connected to everything else in the world. I am telling you that you are an absolute dolt for thinking that ACB can fall back to 1.20 notwithstanding total catastrophic issues like war, natural disaster etc. If this hits 2.20 many people will be going all-in, 1.20 is a joke much like your low-sentience sh*t posting.
drkvader wrote: I see all the ACB cheerleaders calling for $4 here and $5 there but what they fail to address is the overall market sentiment.
Everyone knows that the all the indexs have all made crazy new highs based solely on the Trump trade that is about to burst. Markets can't keep making new highs like this without a catastrophic meltdown/pullback so when this occurs next week where do you think ACB will be?
We are in an overbought market that is overheated and is riped for a massive pullback so yes $1.97 on ACB then would be conservative. I'd think $1.20 would be more accurate.