Post by
Timbitonewbie on Jan 24, 2018 9:52am
Loading up on EAT
Just bought a bunch more at .76, California is a huge market and EAT getting that Permit is a big thing. Keep loading up folks!
Comment by
TheBatwanger on Jan 24, 2018 10:04am
Dont go loading up unless you know whats bringing it down.
Comment by
Casp3r on Jan 24, 2018 10:49am
It looks like profit taking after a 50% move up in just a few days. Am I missing something?
Comment by
gjs3651 on Jan 24, 2018 12:18pm
I don’t think we’ll have consistent green until the Canadian Senate votes on the legalization of recreational MJ. The hearings start next month and this could well be what’s keeping the whole sector down. Just my humble opinion. I’d love to hear opposing viewpoints.
Comment by
INVSTIGAT0R on Jan 24, 2018 12:38pm
Yes definitely. More money won't start pouring in until they annouce a date. A delay could cause a minor crash if it's too far off. I'm guessing either June or mid-late July though.
Comment by
reeferbull2 on Jan 24, 2018 1:04pm
I think EAT will be more volotile because of US federal uncertainty. Although the tide has shifted there continues to be a tremendous amount of money pouring in from alcohol and pharma lobbyists that’s are trying to keep MJ down. Most politicians are pathetically Iok informed and borderline retarded so that doesn’t help either. Descheduling as I’ve said for years, is the key RB2
Comment by
Greede on Jan 24, 2018 1:56pm
On what data are you basing the statement that the whole sector is down? Every metric, shows the entire sector is UP. One example of dozens I could list is the HMMJ ETF, up 22% year-to-date, and up from April to present, 126%. This sector is only beginning, not down.
Comment by
rocktopus on Jan 24, 2018 2:28pm
I'm assuming they're talking about the sector today, not overall. My entire stock list is in the red today in the MJ sector