RE:RE:RE:RE:RE:RE:WTF was all that aboutmarf49 wrote: According to some news, lot of (people) funds pulled the plug yesterday or early this morning, guess what they were back or getting back now we're in the low 7, but I am sure they will bring us back to mid prior to last Friday.
So Last Friday, yesterday and part of today was to feed the beasts.
That certainly may be part of why the sector was hit so bad, and there would certainly have been some profit taking too...but I also believe that with legalization just a day away, that today was another one of those "orchestrated slams" that we have witnessed many times in the past..big business seemed to be all in lockstep today..i mean after all, almost every major lp was up signifigantly in pre-market, to get everyone all feeling good and cozy andget them complacent, thinking we were going to maybe have one last kick at the can, and feed off yesterday's close, in anticipation of maybe a pullback tomorrow..the shiseters were all in cohoots and fooled everyone by let the price run up early, and then started to run the table and drive all mj stocks down...frig..we had a high early in the day of 8.55, and then it went all to h*ll in a handbasket. I've said it before, that when big money decides to punish stocks, they and the market makers show no mercy..and you know that when the whole sector is tanking it is not just a fluke or an accident..it was by design to once again create frear and panic and have investors sell on the cheap. I believe that a lot of these things are per-arranged and kept secret under pain of death and not leaked to anyone..i suspect well in advance they have the day picked out, probably right down to the minute, that once their plan is activated, they all join in at the same time...One can pretty much figure something like that is happening when there was no green to be seen anywhere in the sector at pretty much the same time.Once they pull the rug out from underneath the stocks and go after the stop losses and take them out the price just keeps dropping..it's the herd mentality and not only do people want to be a part of something on the rise..they don't want to be a part of something going down either. I have no idea how tomorrow will shake out at all. It could go either way really until reality sets in and things settle down so there is some stability in the sector. Maybe we took the big hit today and got it out of the way, and tomorrow we start the climb back up again..let's hope..glta