RE:RE:RE:FROM SCHUMER HIMSELFStarsearcher80 wrote: How much worse? Be realistic. Legalization hopes and dreams just got a MASSIVE dose of cold water thrown on it by the very person bringing the legislation forward. So what's left to pin upside hopes??Ummmmmm, NOTHING. This stock just went wayyyyyy beyond just dead money. It is now full-on AVOID. Next ,cue the dilution as the cash burn is TOTALLY unsustainable with a now impossibly long and definitely NOT guaranteed timeline.
Starsearcher80 wrote: And by the way, this is going to get a LOT worse. ;)
Starsearcher80 wrote: The Senate Majority Leader noted, however, "THIS IS GOING TO BE A LONG PROCESS. This is a draft bill. We intend to show it to all of the stakeholders. WE DON'T HAVE THE BORE NECESSARY AT THIS POINT" And you wonder why the price is collapsing??
Pot stocks ran for 3 years before legalization in Canada, this is just a knee jerk reaction part n parcel with volatility - aka robo traders flipping shares back & forth to each other.