RE:You're Shorthey Mayham - my other post had some color but again, im thinking sideways this week.
There may a broader issue WEED longs need to consider. Pretty much all WEED recoveries so far have been V shape moves. Only pre-constellation bid 2 and 2017 6 month bleed was it a slower selloff..
The reason I bring this up is that I see alot of Long's expectations revolving around a quick climb. While the general trend is certainly down and can continue, if you the typical, unedecuated investor just looking to ride hype then you wont be willing to wait a long time for your recovery. The simple expectation of a quick recovery could put a cap on price appreciation.
Unfortunately even I have been looking for the big moves since legalization since they are charecteristic but with more guys like me shorting, a flat sideways move could be the new world order for the space and that doesnt help anyone.