Sorry, I don't check iHub overly often some days.
I think Renegades17 gave you a pretty good answer already.
I was going to mention other catalysts that would generate excitement and therefore profits if a person were to trade the action.
If you are wanting to invest in NXEN for the $1 billion market cap that could be coming -- THAT is the part that could take some true patience. But, that's also the type of thing where you wouldn't want to watch the price daily/weekly because it will go up, up, up on good news / advancements and then back down, down, down as people get bored of holding until the next big thing.
OWC is a good example. Though, I maintain OWC shouldn't have run to $3 when it did. That's exactly what hype can do -- we saw it with CNBX and AXIM around the same time.
I do feel NXEN can surely have a crazy, stupid run in the near term with the right type of news as long as it creates a lot of Buy volume. Our float here is so damn small.
But, again, a run to $5 - $10 here in the coming months MAY not "stick" for a long period unless other good stuff continues to come out to keep people excited.
Like Renegades17 said, if NXEN does a deal with GWPH or whoever for XactDose OR if they do a collaboration with GWPH, PFE, JNJ, etc. to do some studies on INJECTABLE cannabinoids for seizures and things -- those types of news items CAN cause some great volume from people truly wanting to INVEST.
But, as we can learn from GWPH's stock price... You will still see the price go back down. There will always be people selling on the news. Some traders are after 25% frequently. Some want 50% - 100% and some try to invest in companies early to hold for 300% - 1,000%.
It's important we all know OUR strategy.
Personally, after seeing OWC run to $3.23 and me not capitalizing on it because I was foolish enough to believe pumpers claiming they're 20-year biotech stock experts and "it's easily going to $8 by Spring and $20 by Winter"... I'm watching MARKET CAP and I will definitely "take profits" on a big run not accompanied by HUGE news. That's my transparency here. I'm an honest guy. :)
