RE:Thoughts on today?...Anyone??The day to day girations of a stock are not only meaningless, it is dizzying to the point of nausea.
No one can explain why a stock does what it does especially when you compare it to the performance of other stocks. No one.
What is important to consider at all times are the fundamentals of the company. I test my investment thesis by performing due diligence on a weekly basis. This means I read about industry trends, relevant legislations, public concerns, social media posts, and lastly, company updates. Daily and hourly stock performance is meaningless to my analysis as I am not a day trader. I understand and I hope that the market will find the company's "correct" stock price in the "fullness of time". This can take days, weeks, months or even years to achieve. For example news that a MJ company got bought out by a big pharma company would instantaniously move the stock price to the "correct" value. A company like OGI where news releases are erratic, inconsistent, and confusing (i.e. "let's borrow a pile of money today and pay interest on it but then sit on it for months and do nothing with it"), does nothing to bring the stock price to the "correct" value. It's simple- the market is unable to properly price the stock therefore it flounders up and down waiting for information and direction.
My best advice for those of you who are concerned about the day to day performance of individual stocks is to:
1) ignore the ticker tape completely; or,
2) buy an ETF and don't worry about the ticker tape
Unless you invest in the stock market for a hobby or as your full time employment (i.e. day trader), there are much, much more important and productive things you can do than watch the ticker tape and try to make sense of it.
That's my 5 cents.
GLTA.
Marc24