Market rationalization (valuations)Seems to me like the market is re-adjusting (rationalizing) market values and share prices..... I would say if we watch where Canopy ends up in the next couple of weeks..... we will see acb jump to that price when the deal closes.
From watching this market over the last 2years I would say we are close to where things will settle.....+/- 5% if we are using WEED as a reference point. Technicals and support levels are saying same thing.
if your still holding now, don’t sell at this point. When the dust settles acb will pop Equal to the level of the top valued mj play.
The big boys are “managing” the market as they should.... retail investors have no control other than to sell in panic and provide opportunities for the large positions to take advantage.... in turn when the big boys decide valuations and share price are rationalized... they stop managing and let market sentiment influence again..... all the while taking profit between the lines.
whats added a completely different perspective lately is the impact of social media and access to news feeds..... not a lot of laws governing the use of these kinds of influencers right now. And it’s certainly having an affect on the market sentiment.
glta, cheers