SquishyInc wrote: Hey Investor, i think Tweedles already gave you a pretty good answer, but i thought i'd add my 2 cents in, cuz why not.
I'm not sure how long you've been in the game etc, but I've been watching stocks pretty closely for about a year and a half now, the MJ stocks in particular. In my humble opinion, we will never know the truth behind any given move in SP for any stock. Sure, there are times when there is an important NR with a subsequent move where you can say "THe sp went up/down because of "X" factor". But in my experience, the market is far too complex to say unequivocally what moved the sp. The fact is, there are literally thousands of people, (longs, shorts, day traders) funds, algorithms etc entering and exiting any given stock all day, each and every day. Every one of these parties has their own strategies and intentions with their buys and sells. You would have to ask each party what their motivations and intentions were for every trade they made to come to any scientific conclusion or even general consensus as to what happened on any given day. Obviously that would be an exercise in futility.
How many times has the SP gone up on no news where we wonder where the buying is coming from? Is it technicals? Is it renewed buying after the summer holidays? Does somebody know something the rest of us shmucks aren't aware of? That being said, you could probably rank a hierarchy of factors which are more important. Like say, technicals, news, day of the week, time of the month, the current trend, the direction and strength of the current trend, long term trends in the overall market of the stock in question, geopolitical influence, overall stock market performance domestically and internationally, posts on stockhouse (lol) etc etc...
All i'm saying is, while it's interesting to speculate on the "Truth" behind any given price move, you will never, ever, really know. It is all speculation. No more, no less.
Anyhoo, good ruck all.
CGC for Forking Ever.
investor1964 wrote: Star any particular reason WEED is down today with this good news? thx