RE:Strong bid @ 1.12 shows a solid bottom,signal CMED to gap upDuxing wrote: Jump on the CMED train before it is too late! 1.12 for HIP is equivalent to 37.34 for CMED!
First $1.12 is equal to $33.60 CMED .
2nd , HIP is down in European trading 18%.
How crazy this market is, we can see CMED hitting $33 this week. and if they vote NO to merger with HIP, it will drop back to $24 the ABC offer price. This is the craziest thing I have ever seen. People knew for a week that HIP will approve the merger and they still kept the shares knowing they will go down to $1.
BTW, I don't own any cannabis shares. Just watching for fun. Some people made a lot of money this week.