RE:SHORT LIVED SPIKES, WILL MOST CERTAINLY BE FOLLOWED BY DIPS StockMTL wrote: Here is the fact about the weed sector, massive spikes will shortly be followed by massive dips. https://marijuanaindex.com/stock-quotes/canadian-marijuana-index/ One day the entire index is green and everyone in this forum is " so " positive and the next day the entire index is red and everyone is " so " upset. If you were luckly enough, like myself to take a massive position in Huge at an average cost of .15 and sold on Friday at .25, well you did very well.
I made a very large profit and when this dips and we all know that it will, I will go back in even heavy than before with a 1 Million share move at 15 cents to 18 cents. It will then spike again due to some random press release, spike to .25 maybe even .30 and I will sell and make another massive profit.
Then, I will wait until it dips and rest assured that it will and once it dips, I will buy 2 million shares and hold for a bit...
I get that people love " huge " what I don't get is how anyone on this forurm thinks it will not drop below .20cents again, it 1000000000000000000000000000000000000% will !!!
One press release based on fluff and the world goes crazy in this sector, days later than very same world gets nervous about the invest and pulls out...
Agree. When everyone almost is crazy, I see the danger coming, even if it is inshort term. Big selloff is coming. Beautiful dream in 10 years . Reality is it takes tonnes of money to renovate. The 220000 ft costs $55 million from AUXLY. Just calculate how much more for the 2nd phrase 100000 ft and the rest. The 2nd phrase is not 1 million ft. Guess why?