BUY on TUESDAY It is NOT insiders or retail investors selling.
Ever since the Tricom loan, there has been orchestrated selling to manipulate the stock downwards so that Tricom can get their next tranche of shares at a low market price. There is constantly an "anonymous" seller and dark pool trading. On bigger volume days, almost 50% of the volume does not show up on the TSX so that retail investors do not see the real volume and are discouraged or scared to buy.
JWCA fundamentals are healthy and profitability is expected around the corner. On the day before earnings and on a day where WEED is up 15%, JWCA should have moved much higher with over 800k shares traded. WEED is up more than 50% off the lows and has a pronounced inverted head & shoulders formation on the chart. The sector is about to turn around, IMHO.
I added up the numbers over the past 2 weeks. Tricom is running out of bullets. They are short or have sold well over 1m shares.
What can we do?
There are 20 of us on this board?
If we commit to buying 20k shares each (less than $5k cad), that's 400k shares on the bid. I can guarantee you that they won't like seeing 400 or 500k shares on the bid tomorrow morning.
Knowing what you know about JWCA, the question you should ask yourself is "If you were sitting in 100% in cash right now, would you be buying JWCA at these levels the day before earnings"?
BUY into the fear and you will be rewarded.
JWCA will be at .40 within 1 month and .60 within 2-3 months. It is inevitable!