RE:Why weed stocks tanked on TuesdayTax selling is now priced into the current SP. Major panic selling coupled with tax selloffs and misintreptation regarding CMED's guy leaving his position....profit taking...and general morket conditions as a whole...It is my opinion that we might touch $7.70 at the lowest tomorrow, but then trend back upwards over the next few months.
New releases announced will have a big impact on day to day SP at these low levels...so if you get an opportunity for a spike in the next littlw while...sell on news...and buy back in the next day or two as she climbs down a bit...
Enjoy the ride...
LONG