RE:RE:Still think there is big manipulation going on with mj stockUh... have you guys looked at the 1 and 3 month charts for Canopy and Aphria? Lol. Anything that moves that parabolically corrects. This 2-day weakness is due (long overdue for the Cdn players IMO). This is not "manipulation", this is how markets work.
Reason LDS is holding up well is that the market has realized it is a pure Cali play and the valuation is actually quite attractive given what's coming up (including US congress acting potentially to reschedule MJ and protect states that have passed medical/rec laws as part of budget talks). If I'm Bay Street im thinking "$hit... Cali is where the next MJ wave is coming"
We truly are in the early innings here. As new flow ramps up and sales begin to come in, along with the regulatory hurdles being lifted... it would not surprise me at all to see LDS $5+ this year.
StockNewbie17 wrote:
Agreed, it can't be a coincidence that the entire sector has been down all week.