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Re: railrider post# 13268

Thursday, 09/09/2021 3:40:42 PM

Thursday, September 09, 2021 3:40:42 PM

Post# of 21224
Personally I don't think that is going to happen unless you have a decent size sell market order that comes in and whacks the bids with no bids below. But if you are looking to get some that cheap, I would have a GTC buy order already in there just in case.

I believe the ex-insider(s) selling is now over beginning this week and the only sellers are either tired of waiting for a move in the stock price or it is some cannabis sector selling to move into other sectors of the market since the cannabis stocks have been in a constant slow downtrend.

I really believe we are going to see a rally in the cannabis stocks soon especially the profitable ones because with the market at all time highs and high evaluations of all the other sectors, fundamental investors will be looking for undervalued companies because if the market does have any kind of selloff, the downside risk will be minimal at best. Also still a lot of rumors floating around about the SAFE banking act or legalization could get some kind of passage soon but I will believe it when I see it because I don't trust our politicians to do it.
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