RE:New to board - my takeLooking4Doubles wrote: This stock, like a lot of smaller cannabis companies is under assault from SHORTS, because the odds are stacked in their favor. (ie when small companies start out there it takes awhile to get meaningful operations/profit and there is usually dillution.
That said, when insiders bought $140,000 worth of stock this year in a CA$.27-30 range, it tells you they believe in the future. In the end, it is awfully easy for SHORTS to attack " low volume" stocks until investors start protecting the price on the CLOSE !
I personally think this is near the low (around CA$.10 and tried to buy some shares the other day. People just need to add small amounts to their positions on the CLOSE. Once SHORTS see they can't knock the price down any more and start to see some losses (keep in mind they have to pay borrowing costs if a stock price doesnt move.) they will focus on other stocks with more potential.
Bottom line: we need profits AND investors protecting their positions on the close. (even if the buys are only 1000 shares.) Just my take
Nobody...NOBODY, shorts a penny stock!