Not that fundamentals or numbers are unimportant, but is the stock market by definition not an abstract thing?
People talk about how GME isn’t worth what it traded at, and while there is solid logic to back that up, there’s solid logic for why it was where it was also. Obviously, it was worth what it was worth, as that’s where the stock went at that time, not because of the company, but because of abstract reasons. No one can argue GME didn’t hit those prices. Somebody sold, and made millions, it was worth it for them.
How many tech companies operated at a loss while taking their industry by storm?
I guess my reasoning is, I don’t believe the negativity from the lackluster earnings will keep SHWZ down. I think break even or super small profits pale in comparison to the future of cannabis and what SHWZ can accomplish with Dye and when big money can start investing we’ll see wind in the sails. I haven’t seen anyone on here bail I don’t think.
But yeah, I feel like I’ve been patient for super long and now is not the time to get impatient. Probably just typing this for myself lol.
today’s volume is like the lowest ive noticed in a w h i l e