Tuesday, June 04, 2019 3:09:06 PM
KGKG is good too.
I like NBEV, and although it looks bad technically right now, I believe we’ll see a Tilray type move at some point soon.
That stock is heavily shorted, and just broke below support and several key moving averages. The CEO failed to disclose the specific terms of an acquisition yesterday in a PR, and shorts had a field day with it.
It was quietly released this morning in an 8-K, great terms.
Call me crazy but I think that he has massive news on deck and did this purposefully to trap the shorts, and perhap teach them a lesson that they’ll never forget.
A little scary though as some funds can’t hold stock under $5
Everything I say is only my opinion, and should not be construed or relied upon as investment advice.
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