GREY:ALEAF - Post by User
Comment by
OldSchooIon May 16, 2020 4:21pm
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Post# 31038400
RE:RE:ACB Surged 70% on the same type of news we got wth
RE:RE:ACB Surged 70% on the same type of news we got wthstocktracker101 wrote: my aplogies old school.
I meant to respond to the post below instead of yours in my last post.
ACBs share price will drop back significantly.. The reason it spiked so high was because they released much improved earnings from previous quarters. At the same time they were so heavily shorted by gullable retail shorters due to the reverse split triggering stop losses and margin calls all over the place. People automatically think that a company is finished after a reverse split. Especially after it had lost 96% of its share value since its Oct 2018 highs. The CEO pulled one of the biggest short squeezes I've ever seen. I said earlier today that he squeezed the nuts right off the shorts. And I love it. They are going to feel the pain for a long time losing up to 100% of their money in 2 days. Losers.. The difference with Aleafia is that it doesn't have the same exposure and wasnt as heavily shorted so the squeeze was smaller. Plus they did the raise during all that good news and killed the momentum. Instead of diluting significantly more prior to the run at a lower share price like ACB, they decided to try and limit the dilution by raising higher. Having said that, incase people forgot, Aleafia did surge 174% in 6 weeks and is now settling at 100% gains in the same time period.. I doubt ACB will be able to maintain the same gains short term. Aleafia is in a much better fiscal position. GLTA. Jp3085 wrote: And our prices barely moved wth lol
No worries, Specs. Thanks. Aleafia looong!!!