Post by
Canoutchie on Feb 23, 2021 7:19pm
Pesto Bismal required
The volatility for this stock is insane!
The stock opens today and promptly begins to fall 10%, only to switch course and recoup those losses, then closing flat on the day. What a wicked rollercoaster ride!
After the Biden election victory, I bought this stock in the mid-teens because I think it is well-positioned, being vertically integrated, in a growing market. As they continue to open stores, I liken it to a Dollarama-like growth story (I did well with Dollarama as it was expanding throughout Canada).
I just gotta hope that I can continue to stomach the volatility on this one. Today had me scrambling to find news, thinking WTF, and also wondering whether somebody somewhere in the USA might have slapped a ban on cannabis sales. I'm still not sure what caused today's big plunge and then the subsequent reversal.
Anyway, I'm still here... at least for now!
GLTA
Comment by
shineonyoucrazy on Feb 23, 2021 8:39pm
This might help to understand what is going on with all this volatility... https://www.griproom.com/fun/why-your-stock-is-always-red
Comment by
Canoutchie on Feb 23, 2021 10:14pm
Thanks for the article! It was a good read.