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Re: Papabear999 post# 10906

Sunday, 04/15/2018 11:57:30 AM

Sunday, April 15, 2018 11:57:30 AM

Post# of 13032
If we see $6-$8, I think we wouldn't need any more direct news, as the speculative fever would take over. :D

$5 seems to be the magic number for us, in my experience. If we cross that on Monday, which I believe we will, it's likely we'll see a repeat of what we saw in January, with a ton of trading in the low 5s, then a very aggressive climb to higher prices.

I think the main thing for us is the hype was there to really go nuts before Sessions collapsed the sector. We hadn't been above $5 in CANN since 2014, effectively. While it was grey listed there was a weird day where it shot up briefly to some higher prices, but they immediately came back down, so I don't really count that. Even in 2016, all we saw was numbers approaching $5, really. We so casually crossed that line and kept right on going in January, I think people at large are gunning for some explosive prices.

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  • 1Y
  • 5Y
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