RE:RE:take profitsWhile i'm no expert, what i'm seeing is some well deserved profit taking yesterday, and decreasing bear volume on the daily today, suggesting the downside of this leg of consolidation has been established. I'm gonna wildly guess we go sideways for a bit, maybe a week or two, before the uptrend continues. There's just too many positives and derisking events on the horizon as legislation moves forward and other industry and CGC specific catalysts emerge, both domestic and international. To bet on the develpment of a new downtrend at this point seems particularly foolhardy to me at this point, but good luck to all!
quikflip wrote: quikflip wrote: Anyone who chased this stock up the past few days should be very careful. This is setting up for a pullback to 9CAD, bigs are leaving, short positions are growing. Hate to be the bearer of bad news but, todays close isnt ideal for higher highs. Anyone pumping this company from here on has a hidden agenda, be very cautious. Big boys want this cheaper, its going to be cheaper. Just wait to enter.
Its just so perfect I needed to say it again.
Pumper spreading misleading information can lose you your shirt. The worst thing a basher can do is stop you from buying more shirts, but at least you still have one. Buy low sell high. This company is still ways off from being a 2.2billion dollar company.