I have my eye on this too, and agree with your assessment.
Technical-wise, looks like resistance at $1.51
Unfortunately, pps broke below 50 day MA 3ish weeks ago.
Poised to break resistance of $1.51 (current 50 day MA)?
possibly, but I think this will have to test support of $1.00 before making move either direction.
Highly speculative, a gamble with money that one can afford to lose?
Just found this. I really love the concept. It seems to me that psilocybin is experiencing a legislative renaissance the way marijuana did beginning 10 years or so ago.
Pros:
Recently uplisted.
Plenty of recent press releases and news.
Terrence fucking McKenna's brother is on the board.
Cons:
Speculative.
Likely to be a very long-term play.
Each earnings report looks worse than the last.
I'm an investor noob and don't know shit.
My question is, why is this the horse to back in this race?
Everything posted is MY OPINION! I am making NO buy or sell recommendations here! DO YOUR OWN DUE DILIGENCE!
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