RE:RE:RE:RE:RE:RE:Delisting from nyse lol... where the hell did I say anything about delisting ?
My comment was in general about the emotional trading on the markets recently. IMHO HEXO is GROSSLY undervalued, that is primarily based on its profit per share ratio and the fact that insiders have been buying from dec onward (unlike any other MJ stock). Fact is that THE MARKET SETS THE PRICE.
Last year we had NRs being rifled out every week from one LP or another that kept retail investors informed AND optimistic. This year we have the opposite, little to no NRs. Can't really blame the LPs considering the beating they have taken regarding bad forecasting etc.
Once we start seeing news again then retail will start to take interest in buying and current investors will be more inclined to hold so it (should) ramp up well at that point. Until we see those NRs the lack of news etc will allow fear and uncertainity to grow and will result in selling and a lack of buyers.
We are going to see big swings in this sector for a long time, investors need to ride out the pullbacks tied to emotional trading if they hope to come out of these plays with a profit.
Anyhow, not trying to scare anyone, just calling it as I see it.
GLTA
Q
oggyswain wrote: There's no delisting anything until the markets get back to normal. A$$holes trying to scare everyone.
quinlash wrote: Market sets the price, as long as people keep panicing and selling the SP will sink.. its all virus related, there has been nothing new released on the company to tie to the falling SP. We also have short sellers pounding the life out of MJ stocks, that's likely not going to end anytime soon.
Every investor for himself these days, grab the deals if you think you see them, set yourself on fire and throw yourself off a bridge... seems to be the two extremes on the market today.
GLTA
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FXtheknob wrote: Trading near $1, how much lower can this go?