Bought every dip today.This is going to be a laugh when people wake up to what's happening here.
So many plus and checkboxes on every front. Just wait till the S&P 500 recovers on an obvious recovery back above the 50-day and breaking all time highs. Elections are around the corner and you can certainly BET that NO ONE smart is going to be AGAINST cannabis actively on their election platforms. They'd be dumb to because that would be an instant shot in the head via killing your own votes. Now if anyone does MENTION a peep of cannabis, you can bet the media is going to be all over and creating hype.
Fundamentally, the company is trading at less than 1x 2018 revenues (makes no sense), and technicals were extremely solid until the last 2 days of bearish S&P 500 overall north american equities. RSI, MACD, 50 day about to cross the obvious 200 day right above, OnBal, all working very well set up for a break out, and macros are even better. U.S legalisation is next in the headline media as there's nothing other than breaking deals that would change CDN MJ space now for a while. Even if it's international expansion, company's that operate WITHIN the acquisition landscape would benefit greater anyways than you guessing which CDN LP has the deal.
TGIF at this price is a steal, hence everything checks out so I kept buying all dips today. When S&P 500 is green as hell, do you REALLY think this guy will be red? Cmon.