RE:RE:Jump sell save money buy back in a week trust mePirateEquity wrote: Don't trust anything but the facts. And the facts are
1. The CEO just sold post take over of CanniMed
2. Cannimed are stuck holding the bag on what the CanniMed CEO accurately called "ACB monopoly money.
3. Hordes of traders are aiming to buy this for a daytrade flip but lose on the trades. They will start short selling because of the clear weakness
4. This stock is overpriced. It can easily take a 50% haircut because of the dilution.
5. This is a clear short sell stock for now.
6. The company has made several serious mistakes which might be fatal here. Competitors will pick up the scraps and pick at the carcass.
1) getting rid of Zettl is a good thing
2) "stick hold the bag" typical basher comment here. What bag? Cmed holders could have sold all the way through this. You make it sound as if there were zero options.
3) Day traders and shorts are running out of fear to spread. Investors are buying and holding. THe end of prohibition is coming SOON, even if you want to gripe over the MINOR delay in the senate.
4)Overpriced? Compared to what? Revenues from a not yet available market?
5) Clear short stock? based on American intel and perspective. Basically this equates to "if we ain't callin the shots we don't like it"
6) WHat serious mistakes? Fatal?? Hyperbole much? Yes they just bought the longest running medical op in Canada now they are vulnerable.
Overnight they will go from front runner to a carcass according to your indepth take on the situation.
Good luck