RE:RE:RE:NewsMorning all. Buckle up today. Its going to be a wild day. The more I try to make sense of this 1:10 split, the more annoyed I get, it just does not make sense. 1:2 or 1:3 would have been enough. SCR was already over $5 and after legalization it would have easily went even higher. The timing is horrendous as well, why do it now and especially a day before C13 vote. Why did they not do it after. Just terrible. There is always a reason for sp to move, whether up or down. Now we know why someone was dumping fast causing the halt the last two days. People with inside knowledge were dumping fast from high $5.67 to low $4.56 wednesday and thursday $5.12 to $4.20, at any price so they can buy back at discounted prices. Such a crooked game.
As for today, it is going to get ugly in the morning. Flash crash at the open, probably might see it fall under $4 and recover some grounds during the rest of the day. SCR had a better chance going from $5 to $10 if legalized, but now I have no idea how it will trade after the 1:10 reverse split. And I don't like uncertainty. I forgot his name but I hope that one guy that said he wanted to sell at $5.25 took his profit. Lol, he will definitely be buying back way cheaper today. That is why there is nothing wrong with taking profit along the way, the markets are just full of suprises. I will definitely try and pick up some shares at a discount today. Good luck all, for those can not stand volatility better not watch SCR today. Lol.