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Saturday, December 05, 2020 3:47:00 PM
People naturally are going make their flip money here(or lose it) some people are in on CDBB for low 001's or even trips... you are first of all not gonna move those people at the moment or maybe a few will take the high % gains and move along or buy back in on the dip. CBDD really blew up last week (thursday / Friday) around .015 so people there might do a double up flip at 3 (that happened) at 3 the shorts preemptively saw that and went short around 02.5 - 3 ish (risky play IMO because I feel CBDD is undervalued at the moment and due to the historic decriminalisation of cannabis with regulations and laws changing in a positive forward motion for cannabis businesses being green lighted not only by the United States but the U.N. and W.H.O as well.)
This will fluctuate with so much volume (over 1 billion on friday)
lot's of different people have different strategies. Speed flips, turtle sits, Longs , Shorts, sellers and holders.
Whatever the case the value is there and so is the action and people know that.
CBDD IMO is undervalued and can run very high very fast. I believe CBDD is worth dollars so I will base my strategy around that notion.
I will say people selling millions of shares for literally pennies on the dollar is impatient but perhaps somewhat profitable. I just wouldn't want to sell for 3 cents something that was worth 3 $ a piece in the near future (speculative example)
So many other garbage OTC plays flip flops and pump and dumps this is a different sort of creature.
I could see CBDD being uplisted in the near future if you want my outlook for potential.
This is just beginning
Very excited for Monday morning now that the news is fully out
thougts?
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