Weed stocks resetMy perception is that all pot stocks are going to go through a marked reset in price before legalization.
Shorts are in and here to stay until then. Move towards the 200 sma is getting closer and breaching it would likely move Weed to below 15.
This is how the game is played. The last few days of move should give you an idea of what they are doing. It is all about small pumps and big dumps.
A bearish wedge was building since Feb. If you were able to see this on the stock chart, you would have anticipated the drop.
Wishful thinking and hoping isn't what the market is about. Just calling it like it is.