RE:2.00 train ! Let’s go Zena let’s go ! Bigboypants wrote: Management shorted this stock down to raise money for its next move upward. Get on board and take advantage of the sp and ride this back up to 2 dollars.
let it sit a few more days until my daughters TFSA is set up. Then it can ride.
Anyone with money in the market has to realize a few things.
1-There is a product cycle and we are at phase 2 which is the trough that weeds out the weak. Once we get into the 3rd pahse we ramp up to real value and general market acceptance of the product (ie 2.0, reduced BM ...) this phase will start soon and could last 3-4 years.
2-the general hysteria has passed for this industry - another big boost will come with US legalization (federal) and the ? is will we get sucked into there phases or not, but nothing else will cause the stupid valuations we have already seen come and go. Profit will be the factor.
3-the markets are irrational, they move as they do - not as you think they should. As one of the greats said, the market can remain irrational longer than the investor can remain solvent.
4-we are currently in an irrational sector. (IMHO f'd up by ACB, Tilray, TGOD and the early flashers)