RE:We all know what's happening...marrcoooo wrote: We all know what's happening. When every pot stock is going up and we all have to wait a good week for our news, the Fear of Missing Out Factor is huge.
Pot stocks are no longer buy and hold but buy whatever one is hot and then hop on to the next hot pot stock as they are all going up by leaps and bounds. The small price dip is not a reflection on LDS the company but a reflection of where money can otherwise be parked for the next 4-5 days until the company puts out its long anticipated news release by which we will finally have a barometer on which to better gauge the true value of this company, as opposed to just words from the CEO.
I know my plan as an avid pot stock watcher is to buy LDS back on Thursday right before market close as I don't want to risk the news release coming out on December 1 for the November's earnings report and miss the boat.
It's really as simple as that. Watch for a price increase on Friday as people stream back into this company knowing that it's day to shine is right around the corner.
I think they will release revenue numbers in the second week of December. Bean counters will need time to tally the numbers. Revenue press release on December 1st is unlikely.
I'm looking for somewhere between 400 and 500k in sales. Would love it if they were on the high end of that range and they adjust their 2017 guidance north of 1 million. I think the stock responds well if that happens.