OTCPK:GBGPF - Post by User
Comment by
StayInCashon Feb 03, 2018 3:41pm
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Post# 27497205
RE:RE:RE:RE:Valued of the ACB - CMED deal = $12.646 ACB =$42.99 per CMED
RE:RE:RE:RE:Valued of the ACB - CMED deal = $12.646 ACB =$42.99 per CMED
Right now it's a short term correction that was really needed both in this sector and on the wider markets. But nobody can really tell if we are at the "brink of tanking". The bears have been predicting this for 7 years starting with 2011. Every year we have a major disaster that signals the turn around for the bears. Eventually, they will be right!
But imagine sitting out in 2011 while you money is wasting away in cash or in a 1% "high interest rate" account?
As one of the traders here pointed out. Look at the 20 DMA, 50DMA and 200 DMA on the biggest indexes. If we lose those important support levels, the best thing to do is stay or go in cash. Better yet, short the high flying stocks that have poor fundamentals and book values.
The funny thing is cannabis is recession proof. If the economy tanks, everyone will start to use to numb the pain. That's the Canadian way. The US will arm themselves for anarchy but we'll do the pacifist "don't worry, be happy" thing. The nation of Peace Keepers will have a new weapon.