RE:RE:Hold or buyThe more I think about the environment and recent sentiment towards the MJ industry as a whole, as indicated again by today's action (sea of green even OGI up 11%), the more I feel that there is a good chance we actually gap up tomorrow 20-25%.
Simply because there shouldn't be anymore sellers around this price level:
- We were kept artificially low today because someone knew about the bought deal or they were shorting the stock to keep the 10-day VWAP price low for the deal. BMO knows it can cover with the over allotment at .31. That stops now.
- The new subscribers are strong hands. They don't buy at .31 to sell at .50 or even $1.
- MMCrap and profit takers have likely blown their load already as we've had over 400M shares traded since Jan 26.
- The rest of the hends with higher entry point won't sell now at .35 knowing smart money got in at .31 and odds are some fantastic plans coming for the money raised.
- With all other hands hanging in the balance, the path of least resistance would be to gap up because you have to believe that the market has taken notice of our stellar 2021 Q2 results.
Maybe a bit counter-intuitive to some but basically, what I am saying is tomorrow or at some near future we will gap up only to follow the current uptrend that we are in, not because of buyers rushing in, but because of a lack of sellers (profit takers or shorters who short for whatever reason).