Post by
Wrywisdom on Mar 25, 2020 6:06pm
Sales Well Underway in the US, Bloomgroove, Greencamp,Wikala
The vast majority of cannabis and related stocks have been hit very hard over the past many months, and it is easy to understand how fear, panic and misunderstanding supplanted euphoria, optimism, and exhuberance when stocks were rapidly dropping. Euphoric exhuberance magnifies valuations when equities are moving forward, while panic and negativity greatly amplify downward trends. Phivida performed in league with other cannabis offerings dropping from over $1.00 per share less than a year ago to it's current position. However, examining major cannabis stocks such as TGOD, HEXO, TRST, ACB and most others they have dropped similar percentages from their 12 month highs to 12 month lows.
Take a look at the charts. While looking at the charts you may also determine that things are now beginning to turn around for the cannabis sector.
Decimation of cannabis stock valuations was an industry wide trend including the highest flyers and does not diminish Phivida's great potential and accomplishments. Examine their three state of the art Websites: Wikala, Bloomgroove, and Greencamp; as well as the Phivida website to see the multitude of States where Oki and other products are tangibly on the shelves well ahead of the curve.
Investing a modest $3300. for 50000 shares at this level may realize $50,000 or more possibly near term by simply returning to the 12 month high. It is important to remember that a 93% drop reperesents a 1400% rise when reversed.
Comment by
Investdetective on Mar 31, 2020 2:46pm
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