Sugarmade Inc (SGMD)

[x100xPercent]

You wrote this post as if you have the answer. Nobody has the answer dude it's all speculation. No company is the same, and "rules" like what you are stating is a rule of thumb that may or may not apply more than 50% of the time. The price has declined by nearly 50% from the recent high of ~.26, and no doubt it's because many investors believe what you wrote. There are bears and there are bulls, optimists and pessimists, most of whom think they are right and know the reasons for everything. But like I said, nobody knows the real reasons, so you should say things like "most of the time", or "most likely", "probably", "I believe", etc