Are the prices pot stocks being manipulated Buy day traders ( go long and short a stock same day), smart money, like brockerages/software, and algos----computerized software that buys and sells the stock all day????
Yes!!! Case in point:
The runup of APHA to $40
and the day's low today----$16.6... or whatever
that's in less than 8 weeks...
Another case in point:
On Monday night, OGI closed at approx $3.10.
Next morning, the company reported earnings of $14million, $10 million below the previous quarter....
Now most of the time, stocks Gap down when poor earnings are announced---loook what happened to APHA earlier this week.
Well, Welll, Well, stock traders/not stock investors, ran the share price up to $3.60 on the day earnings were brutal...And the stock closed near the high.
So the retailer who knows f-all holds or buys more shares, ignorant of the reality of stock manipulation and fundamentals---EPS.
Next day, OGI opens lower, closes lower.
Yesterday, OGI closes at $3.10
Today, it opens at $2.9....or whatever.
You would not see this kind of shite for small caps that were judged to have good value.
The pot sector is a speculative market----for all pot stocks.
A word of caution: Don't dump all of your money in the pot sector!!! Even now, 3 years after legalization the pot sector is a huge disappointment!!!!
Buyers beware.
ApHa share price??? Next quarter???? Pull the slot machine at the casino.
Trading pot stocks is just a game of stock price manipulation!!