Thursday, December 14, 2017 11:53:14 PM
My post wasn't about you, just sometimes guys go nuts and run for the hills when the red happens.
But also last year it didn't go back up because Trump won the election. Do you not recall the massive sell off after the results? The fear of Sessions going after legal MJ? The continued fear of Sessions doubling down on his stupidity and continuing talking about how MJ is bad and horrible and no state should have legal MJ?
Your post here is completely without context. Other factors contributed last year, and you're ignoring them. Last year we were mid rush, and everyone expected that rush to continue, then the electoral college screwed voters for the 4th time in US history. The day after the election saw a sector wide sell off because everyone knew the run was over.
But also, you're ignoring that there were healthy consolidation days last year too. Between 2 and 3, between 3 and 4, there were more than one red days, and those of us keen to flip had a lot of fun. The way your post reads almost sounds like you don't know what a consolidation is. Yes sometimes runs end and it doesn't come back. But it's not the first time that we have a red day. This rise to 5 was faster and more aggressive than the rise to 5 last year, so naturally, we'll have a more aggressive red day. I'll admit I didn't expect it to drop to $3.10, but it did't bother me much that it did. We're only 2 weeks into this rush, and it's not even January yet.
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