GREY:NCNNF - Post by User
Post by
xelanitramon Mar 26, 2019 10:19pm
130 Views
Post# 29540251
Chart overlay with CANN
Chart overlay with CANNThis is a bit corny, and a comparison that could only speak to sentiment, if anything: I've been watching the uncanny resemblance between NRTH and CANN charts, with NRTH chart often lagging by a few days in similar movement. The below chart shows NRTH overlayed in orange. Now, check out the last couple days of CANN (note: I've never owned CANN, and don't regret it, because I owned NRTH with practically the same chart. Ha). I refilled part of my original 48North position today, not just based on this, obviously... but it did have me thinking - okay, if sentiment in the specific space of extraction towards 2nd-gen products is such that one company is running again (on no news), then what are the chances that the other is going to do the complete opposite?... also with recent benchmark price set at 1.36. So, I try to go by a reasonable judgement of probability, and I think it's okay to factor in comparables... a bit...
