Heading back to 0.2 - FRLF puts PR once in 3 months...This is heading to 0.22-0.23 soon
worse on Level2 you can clearly see huge dilution and share conversion happening..I see 100K blocks getting dumped all day -
Non stop selling here since this topped out..Now shorts control it and will drive it down, as such CBD and MJ penny stocks pump is over for the year, buy rumor, sell news kicked in whole sector now, all CBD MJ stocks are sinking fast..This will sink to minimum 0.23-0.25
smart money has already left this
slow bleed to 0.2 over next few weeks
Merida or no Merida
These stocks need PR to hold gains or the sink back to their price
FRLF rarely puts any news for months - Look out below
Traders are bailing now
The moving averages on this are so far, long way to drop to 50MDA
I see this at 0.22 in few days
Party is over here and this will keep dropping as interest fades and penny stock without MOMO means slow bleed to where the pump started..that's at 0.17..
That's the nature of penny stock market beast, once MOMO fades these stocks lose all gains from slow bleed, no catalyst here for long time, the investment news effect will fade away, volume drop and stock sink slowly..
Get out while you can
Preserve gains or lose all
You can buy at 0.22-0.23 when volume will be small and most have moved on from all CBD stocks
CBD rally is officially over across the sector, the big cap like will hold, small fries like this will slow bleed back to where pump started, not 0.17, but more like 0.22
Lots of gaps to fell on the way down
Never hold penny stocks are 300-400% rally
You lose all gains from slow bleed, faded interest in the sector, MM shorting and manipulation
That's the nature of the beast called penny stocks
They are all pump and dump games
Once MOMO fades, RUN !
or watch all profit and money disappear fast
