RE:Thoughts on recent price action ... Everyone is, Captain Obvious me, at different forks in the road.
First, there are true believers from the inception, who should, even at today's approx. $25, made their fortune bones. They should loooong 2018 ago, been drinking fruity drinks on far away islands in perpetuity.
Second, there are those who got in on the rush at the wrong time and are either gasping for air or praying for a 100% recovery miracle- that is unlikely to come.
Third, there are the shorts, trying to bust everyone's bustamantes!
Finally, there are the Day Traders, like moi, trying to squeeze out small gains on small bids (like the $5k last week) on the swings and the last fool in theory.
Realistically, the entire Weed industry hasn't really made any profit- the type EVERY other industry is evaluated against! , Neither does anybody have any idea, when that might happen- 3rd. Q,? 2021? ... nor which companies will be holding the hammer, when sales finally rise majestically and Gov finally stops it's FUBARS by promotion or even, simply getting out of the way.