Post by
Adventurous on Jul 20, 2022 4:27pm
270% Increase in the Last Month
From 5 cents to today's 13.5 cents a share. That's that for the "sky is falling" theory.
Nextleaf's trend was up because it simply did not make sense to see this great company's shares at 5 cents a piece. Despite down markets.
Where do we go from here? Your guess is as good as mine. Normal level would be 25-30 cents a share. Deep pockets bought a lot last December at 20 cents. Penny flippers might start being more active, but I suspect they already sold off and don't understand the company well enough to re-entry just now, hoping for a big "sky-is-falling" episode to refill. This might, or not, happen. If it does, it would likely be because of the coming rate increase this week in Europe and next week in the US impacting markets.
Comment by
cashworx on Jul 21, 2022 1:24am
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Comment by
Bullchart1 on Jul 25, 2022 9:47am
The news today is very good. .16 is the 200 day. Solid close above that and this will moive back into the 20's. .06 to .08 in June was a great deal. Hindsight
Comment by
Buyhigheatchips on Jul 25, 2022 11:23am
Ya mon. I'm happy for us all after a rough few months. Onwards!
Comment by
stealthct on Jul 25, 2022 11:37am
beautiful price increase. everyone keep in mind, that this entire market is likely seeing the melt up phase before the recessionary crash into bear market.