RE:RE:Below $21Nobody here gives a crapp about your technicals your charts or your opinion. All your technical indicators do not apply to an industry coming out of prohibition. Canopy has been ramping up huge ever since Canada legalized, currently they are hiring like crazy in the US and building out infrastructure for their CBD products so they can flip the switch and produce both THC and CBD and hit the ground running when they can do so. I don't tell people to buy, I don't tell people to sell or not to buy or not to sell because it's none of my business. I simply say in 5 to 10 years you will be happy if you're holding this stock today. You sir are an azzhat and an Internet troll. Why on Earth would you think that anyone would listen to you or take you seriously?
Ghostinthedark wrote: Right on!! And all the raw-raw posts!! Blind pumpers who know f**k-all about technicals, fundamentals, charts.
During July, I had two guys on this board insult and criticze me for pasting "facts."
These two dolts know who they are, and I hope they read this post. One of the dolts has more than 1,200 likes.
I have stated---four two months, usually weekly, that Weed was in a 7 month and now 8 month downtrend.
Just look at a f**king chart!!!
Thesr two dolts critizced me, one even said I should leave the board!!! Why??? For posting the facts????
Here is the reality:
Majory nonthly support at $19.4..., which I have been saying for 2 months.
Reality- According to Yahoo Finance, Zacks, the earnings per share $-3.44 , which means you are paying $20 a f**king share to buy into a company that's losing $3.44 cents a share.
Weed is not even profitable!!!
Reality- the 52 week range is $18.444 to $71,60
Reality-the Moving average is as follows
5 day-$21.24
20 day- $21.84
200 day--$34.22
year to date--$34.21
Reality---
ACCORDing my Research, earnings for WEED are going to disappoint in NOvember.
The truth: WEED is way overvalued and legalization in the USA is 24 months away.
To the two dolts: Learn a few basic technical indicators, how to read a chart/ candlestick, and basic findamentals like EPS and price-to-sales ratio.
Sadly, these two dolts are just angry because they are holding the bag at leas $30 a share.
We will close near the bottom, and so expect another lower low tomorrow!!!
Major support at $19.4... on the monthly chart, but Weed can easily fall below this share price if bearish sentiment continues, if the shorts keep winning, if earnings in NOV are shite.!!!
For all these reasons, Weed is not a stock to buy yet!!!