GREY:INSHF - Post by User
Post by
Louise604on Aug 29, 2018 4:31pm
121 Views
Post# 28538432
BE CAUTIOUS!!
BE CAUTIOUS!!Anyone trying to get in this market, have a look at Bitcoin chart and altcoins. None of these companies are pofitable, valuations are insane!
Bitcoin being (WEED) and altcoins being all these other sub $5 companies. Correlations are at 0.80 now meaning, if WEED goes up almost everything else goes up and vice versa.
The real money has already been made across the board long time ago.
Now, day traders are chasing momentum on margin accounts. Look at the volume and volatility, this is day traders dream. Notice how you get a sizeable drop right before the close. This is day traders closing their positions for the day, most on margin, to be net neutral overnight.
People, specially retail, don't realize they are in a bubble, specially when they come on these boards and read extremely bias bullish BS by pumpers with multiple accounts.
Just be careful, we all know, there is no way all these companies are going to survive in the long run. No way. And yet on every board, ppl. are defending what they're invested in.
BE CAUTIOUS!!
Read more at https://www.stockhouse.com/companies/bullboard/v.wmd/weedmd-inc?postid=28538417#HgrvUVqIXL2uLtmr.99