RE:RE:RE:RE:RE:Accumilation will come to an end soonThere is nothing new here in terms of how prices move.
You'll get a bull run (impulse wave) and then you will get a correction or a pullback retracement. The retracement is less than the impulse.
Just look at TNY, impulse from 22 cents to 2 dollars. and now we get a correction down to the 70 cents level.
It has always been like this and likely will be. Not just for MJ, it's for EVERYTHING.
Oil, Bitcoin, FX - you name it. The only difference right now is that MJ is a new sector so it moves faster and it's more volatile.
pungentaroma wrote: I think nothing helps any of the stocks in the MJ space until the market sentiment turns up Namaste moved to the tsx and even that caused a sell and not a buy, Isol has had many NR's and still falling. It is a repeat of last year. I hope we turn around as we near the June 7th vote and that triggers a market upturn. Anything else at this time just creates a small spike and then a drop. We've been here before. Patience is really tested in this space. High highs and low lows are the norm in MJ
Greede wrote: I'm a long term bull on this thing but yes, this is brutal.
Whole sector getting smoked. Tinley can turn this thing around with massive launch, material news and demonstrable traction in sales.
Not only that, they can start making some deals, doing M&A, JV's and moving forward hard and with tempo.
Until then, we are barely hanging onto $0.70 here and it's just ugly.
kingbear wrote: wow the chart is getting ugly on this thing. Now trading 41% below the PP price. I really hope they start a full marketing campaign with a big batch of the margarita asap.