No reason to panic sell.
It is in trips, but there are a number of reasons to tank up imo.
1. Whole US market is bear and schizo right now. some hemp is taking off right now, but nothing is stable. see 2.
2. Unlike 2017 with fear going on, people are selling in December to take tax write offs. so any longs who were disgusted with UBQU at this point sold to take their write offs, held a small amount maybe 1M shares and hope for a sunnier 2019. Imagine you owned this company and DID plan to take the lid off. would you do it right now, or wait until January 2019? if you local pop right now, shorts trippers and day traders sell for even more quick lunch money, longs who are disgusted see a last opportunity to disgust sell before 2019 and take less of a loss, etc.
3. unless you know a hot stock you can make more money on than staying long on UBQU right now, and you need the money, sell. it's the only time you sell for a loss, to get out of a bankruptcy or value trap to chase a known thing. HMPQ just took off.....but you might have missed the boat unless you were on board two days ago and continued to hold through its local climb to .03 (where analysts set a target) ….odds are HMPQ will get close to .03 then sell off again, because why buy above the target?
4. Since I sold the bear bluechips (some, not all) I'm 33% cash....I'm holding UBQU as it bleeds. heck even if I get to .01 I make 50K on my entire stake. if it dips to 0008 or 0007 I'll buy millions more.
5. at these prices, 1M shares going down 1 more micropoint is 100 bux. you can make that up holding 20 shares of Microsoft for a Nasdaq +1% day.
if you are a short seller, a day trader making lunch money, UBQU is the stock for you right now.
if you have to be in something that pops in a day or in a week for you, UBQU is NOT the stock for you.
if you are a long....UBQU is worth at least 1000 bux right now.
