It’s beyond silly to think that a company generating significantly more revenue than Aurora did in 2018,that it's stock price is going to be between $0.19 and $0.27. It was close to that at one time at $4 million in revenue. Revenue is what drives stock prices and many times it's also speculation. Cannabix Technology stock price is at $0.84 with $0 revenue just off of speculation alone. Yet you tell me that SGMD's stock price will be a lot lower generating $100 million in revenue. So what technical indicators do you see for that? So what happens to a stock price when revenue goes down? Common sense should tell you that the stock price also goes down. Aurora Cannabis missed target for revenue and what is happening to it's stock price? It's going down. Tilray's revenue are also going down and what is happening to it's stock? It's going down. Cronos revenue has gone down and what happened to it's stock price? It had gone down, down, & down. So it does not matter as much about all of the other technical indicators that you look at. The key technical indicator that matters is revenue. And apparently you are not reading my posts fully. I specifically said we should also be looking at other things like debt, EBITDA, etc. But, I am comparing revenue because that's what mostly drives stock prices higher or lower. Most of the other indicators that we look at are affected by revenue.
So what happens to a stock when revenue goes up dramatically? The stock price goes up dramatically. Many investors do not fully invest off of the technical indicators that you are pointing out. They also invest off of how they feel about a company and it's potential for the future. That's called speculation. When Tilray was up over $300 a share do you actually think they were investing off of technical indicators? Of couse not. Yet it was still at $300 a share. A friend of mines made thousands of dollars off of Tilray during this time period. Do you think he care about technical indicators? Of course not...lol. Tilray now can not live up to that because they are not producing the revenue. So, the stock is going down and investors are not feeling (speculation) as good about the company so they are fleeing the stock.
And of course you are not going to talk about how SGMD feel about these acquisitions because they are talking about uplisting to the Nasdaq after they are done. Which since you are so technical you know the stock price has to be well over 1$ to near $4 to list. So SGMD is expecting the stock to be enough to list on the Nasdaq and maintain it. Did you even read the information?
All I am going to tell you is that you will see when it happens!
