RE:Hoping for a $5.00 entry price....darter2 wrote: Not sure I'll get it (and may not) but looks like it could happen. Shouldn't be out of the question with consideration of this excerpt from a midas letter article released prior to IPO debut.... Good luck to all.
"Keep in mind, the $3.50 RTO price was decided in mid-June, when sector values were diminished. As a rough proxy, the Horizons Marijuana Life Sciences Index ETF (HMMJ) closed at $18.40 on June 15th, versus a $22.34 (↑21.34%) close on September 14th (today). If the market ascribes RIV a proximal shift in value, the stock could quickly trade above its implied RTO starting price—perhaps in the $4.25 range. Add in the still-pervasive FOMO mentality driving the market—irrespective of Thursday’s harrowing price drop—$5.00 is not out of the question on opening day."
Naw. That Midas guy wrote that report without knowing anything. As he wrote it, the stock was trading at 8 dollars in the private market. He’s not very in the know.
i don’t think the stock will get as far down as 5. They have a lot of catalysts in the pipeline. Expect news releases even couple of weeks. Advisors are ex bankers. They know how to keep momentum going