MMJ trends and serious questionI'm going to ask a newbie question just hoping for a good honest reply. There's some smart people here. I've watched mmj stocks for over a year, held some good positions, some terrible as well... and have always wondered how the trends ALWAYS affect almost ALL mmj companies. How is it that they literally all move in the exact same way all together, literally timed to the minute practically. You can literally match up charts for a 2$ share with the top dogs....it's like all the companies have been told ok, today we're all going down 10% at noon, and then another 5% at exactly 3pm...ok fellas let's go! I'm starting to wonder if they all poop at the same time too, perfectly timed bathroom breaks....
What is the LARGE determining factor that dictates OGI and EMH HAVE TO move with WEED and ACB yada yada? If EMH sells 10mill, and WEED loses 10mill...they both go down.
The reason I ask, is weed isn't a precious metal, or important energy source that goes up and down in value globally, it's just weed! I mean, If ACB has bad news and crashes why the hell do all the other companies almost always follow suit? It's like EVERY SINGLE investor has shares in EVERY SINGLE company and then decides to buy and sell equally among all their investments in MMJ.
I appologize for the newbie type question but I think it has more to do with psychology than a global conspiracy to keep me up at night lol
MH