I know this is the internet but please try to be respectful
Hey all, first of all, I got kicked out of the SUGR facebook investment group for speaking my opinion about the news (not being bashful or pumping). So for the sake of others, I give you my take:
So with the news about public offering, I honestly don't know if people have experience in short term (day trade/swings) or long term investments, but for a public offering, odds are the stock price will go down. You can google any stock on the TSX or Nasdaq, and history/trends repeat itself. Unless it is combined with extremely good news, don't expect it to go up. I have been burned on random public offerrings announced, watching a stock drop 50% in 30 minutes. It's not fun to watch.
SUGR is a MJ stock that tries to produce premium marijuana. It's unique, inovative in how they do things...but would it ever be valued as much as ACB? probably not. SUGR didn't re-invent the wheel in the world of weed. If SUGR's products are so unique that it perks people's interest, any big company can immitate it easily.
I know there are people who believe in the stock, but belief doesn't make a stock go up. It's always market psychology that is dominating factor. I've seen stocks release news on 300% in revenue and it would jump up 200%, but another stock would release similar news and it would drop 20%. Unless SUGR receives more attention than other MJ, SUGR won't have a high chance of jumping up. SUGR is a small company relative to everyone else. Not saying it can't happen but from patterns/trends I've seen, it probably won't.
For those who still want to be hopeful, that's completely fine with me. Just don't drag other people into it, esp those who don't know much about investments. Also, if you are not familiar with technical analysis, I advise you not to even do any investments until you do so. It seemed like SUGR was finding support at 5 cents, but with public offering, there's a decent chance it's going to go below 5 cents.