RE: pumping2 things. First of all I'm not a blind pumper. All my trades are carefully calculated based both on fundamental and technical analysis. Secondly I don't care where this trades at tomorrow or Monday. This is going to $3 this fall. Most retail investors on this board are one stock wonders and have no credibility when it comes to calling short and long term price movements. I've been calling this movement since our recent ascent from the 2.40s and on the 2 year chart it looks like most of the downside is factored in as per the risks associated with the legalization date being delayed. I'm making this call even recognizing the fact that current valuations are very high however given the growth rate and legalization date closing in I expect the valuation gap to close significant and most certainly the reason why we've seen the 1 year consolidation pattern which is now turning upward. As this stock draws closer to recreational selling, long term selling pressure on the stock will weaken and we are already seeing it on the trend. The only problem I'm seeing right now is how these guys are going to keep up with supply demand. Not a bad problem to have. The biggest eye opener for me has been the patient growth rate which was almost 20% for July and August which I expect will accelerate as the international market gains momentum.
Again the biggest risk factor here from my perspective was the delay in rec selling which trudeau has signalled is not happening and wants this market open for business. If you want to call tomorrow and monday's price movement be my guest. I find it funny that most of you are calling play by play yet no one here is playing the swings. Just sit back and enjoy the ride. It's going to be a dandy. Cheers