RE:RE:RE:GET READYHaven't you heard of the old saying that goes like this...........buy the rumour and sell the news.
The share prices for the weed companies all shot up during the final 75 minutes of the trading day when news on Jeff Sessions first flashed across the TV screens. Probably had viewers wondering if this was fact or fake news at the time which caused irrational people and emotional specuilators to throw crazy money into the weed stocks hoping for huge gains.
Now that everybody has had the whole day and night to take in this news and determine that it is actual fact, the share prices of these weed companies should come back down now that the crazy emotion has been removed from the matketplace and everybody is nice and calm after digesting this news.
After all, didn't the share price for Aurora drop from the low $16 price to somewhere under $8 right after legalization became an actual reality a few weeks ago.
Well, let's hope the crazy and emotional buyers are still out there tomorrow!!! GLTA
ACBMADEMERICH wrote: Yes I am well aware of that, but the news came out very late in the day and the market only had about 40 minutes to react. Tomorrow will be bigger for all, not just Tilray. I would also look for a big bump for Australis.
longonMJ wrote: For your information, Tilray already had their 30%+ bump earlier today after the announcements came out. Grrrrr......................
ACBMADEMERICH wrote: Tomorrow I feel has potential to be the best day ever for Aurora and most LP’s. Wouldn’t be surprised to see +30% tomorrow based on what happened in the US today. Clearly the momentum has swung and while volatility will continue for months I believe more and more are finally seeing the potential of this industry. Tomorrow we will truly see the benefit of the NYSE listing. Going forward will depend on trump’s policies and the massive forthcoming investments by huge US conglomerates like Philip Morriss, Coke and Big Pharma and big alcohol. Will these conglomerates wait for US Companies to develop and catch up or will they partner with is Canadians? In any case have fun tomorrow!!