PINL:GRPOF - Post by User
Comment by
frobin2on Aug 29, 2018 1:25pm
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Post# 28536822
RE:RE:loving the action today!!!
RE:RE:loving the action today!!!Shooternow wrote: Lots of walls being put up and they're getting eaten through. Why are people so eager to sell, it seems pretty crazy at this point. I think we could run at any moment.
People may be selling their profits to invest in another companies ie: Green Thumb, MPX, IAN who are releasing their Q2 financials this week. Also people have FOMO with Canopy, and the other big Canada companies with the potential of a Diageo partnership based on last weeks rumors. That's my only guess as to why they are selling.
I know I sold some of my profits to get into some US cannabis companies. Also because Phase 3 results won't come out until Q4 2018/Q1 2019, people think that they have time to get back in before that.
My speculation is that investors will buy back in/buy more TBP shares once the other cannabis companies slow down, and/or when legalization commences.