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Re: JohnCM post# 303

Monday, 11/12/2018 4:16:55 PM

Monday, November 12, 2018 4:16:55 PM

Post# of 1951
Sorry, I only just now saw that you are not yet in NorCal...thought you were already there for some reason.

Looks like the 20-day simple moving average was a little more accurate than the 20-day exponential MA was today. Simple MA said $6.33 and the exponential MA said $6.45. She's sitting right on the SMA at the moment.

We'll see how long she stays down here...like I said last night this stock doesn't seem to like being in the lower half for long. These pot stocks are still much too interlinked so good or bad earnings from one company can affect the others way more than it should if the sector was more mature and these stocks were trading more independently like they do in other more traditional sectors.

And the broader markets may be dragging the MJ stocks down today as well...it's like constantly having a sharp axe hanging over your head.
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