Post by
davgro on Dec 02, 2022 2:58pm
End of My Posts Today on VIBE's New 52-Week Low
No point in arguing with stupid people. The FACT of the day is that all major cannabis stocks are in the GREEN today while VIBE is down 23% on heavy volume, hitting a new 52-week low and deeply in the RED.
I have stated in previous posts all the reasons why this stock continues to flounder. Revenues are declining quarter after quarter even though VIBE adds retail stores. It is obvious that the black market in California is having significant impact especially when studies state that it accounts for between 2/3 and 3/4 of all marijuana sales in California, in spite of law enforcement efforts to stop it.
Trading volume is non-existant for VIBE except on days when it sells off. The writing is on the wall and if you can't see it than that's your problem. If you want to keep purchasing shares in a failing company than go for it. I will continue to warn investors against it.
EOM