If you go back to the beginning of the year with California's legalization, on 12-28-17, SPRWF was at $1.61. By 1-2-18, it closed above $2.17. It peaked at $2.62 on 1-3-18 and then it trailed down. It stayed above $2 until 1-29-18 and then the bubble came out and then everything massively corrected. So where are we in that cycle? Since August, we're up 60 percent, thereabouts. One might expect another run and then dump again. I will note that SPRWF is defending the $1.50-$1.65 range rather well. I'd like to see another run again but it's always possible that legalization is already baked into the cake. It's hitting a wall at $1.70.
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