RE:RE:RE:RE:RE:RE:RE:Unwarranted Drop In SP
APieceOfThePie wrote: When you say look at the broad market I just dont get that. There has to come a time when these companies do not trade based on other companies in the sector. The SP of OGI should be WAY higher if you compare the numbers of OGI to any other publicly traded LP. Why should i be comparing one companies performace to that of the entire market instead of just their numbers?
The broader market measured by the hmmj over the last month has dropped around 18.5%, this is quarter reporting time and it seems from the price action that people are not expecting good results and getting out with some of their positions. I personally got out toally becuase I was going to trade out of warrants and into the stock so I don't have expirations to think about. A lot of people will sell to get their profits and ride free shares from this point on. If ogi really does well then you have even more if they don't at least your playing with the houses money.
I believe eventually there will be some benchmark for a pe ratio for this sector but I don;t think we are going to really figure that out for a few years. The market is changing so rapidly and new stocks are coming out all the time that can give you a chance of making the gains you made here.
$10 will come if they execute the plans they have, hopefully the retail market get's their act together and we see continued revenue growth and the share price will keep going.