RE:RE:RE:ThoughtsI agree. If it wasn't for the millions of shares dumpbed by anonymous on Friday, this stock would still be over $2 and we would be seing green today.
Whoever did that on Friday damaged the stock price and spooked many investors. $2 is a psycological number and being below that during what I believe were excellent financial numbers (I expected a little higher in the revenue side to be honest), we're stuck in this range until Supreme is able to bring the confidence of buyers back to shoot this back over $2 again.
Considering the small size of the asks all the way through $2 (none of the total orders at any price level is even 6 figures in size), one would think the volume we have seen today would have easily propelled us north of that.
And to respond to brettkosta - You are right, millenials are uneducated and clueless when it comes to investing and only chase after blinging and shiny things. Profit doesnt' matter. Revenue number is all they see or whoever has the biggest instragram account.
Maybe it's time for Supreme to invest in a couple of instagram influencers who speak the language of the millenial bunch. I thought that the Khalifa Kush partnership would have done that unless Khalifa isn't relevant to the millenial group.