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Monday, April 29, 2013 7:57:18 PM
I just feel that many erroneously use MJNA as the benchmark because of the SA article months back that triggered the sector's massive retrace. In truth, the entire sector was clearly way overbought at that time and it could have been any of the other major MMJ tickers that had been featured in the SA article, and would likely have had a similar effect on the sector.
This mindset no longer applies as I just demonstrated to you that we saw VNDM on the offer today and had seen him there for a few weeks on end recently, and clearly EDXC was not negatively impacted. So suggesting that seeing him going forward will trigger a negative response in the trading community is by logical deduction, also a fuax pas of sorts IMHO.
In the case of EDXC, VNDM is clearly working in a partnership with management to help the ticker versus harming it, else we would have crashed and burned weeks ago when he showed up and stuck around for a while. Don't get me wrong, I wouldn't want to see him stay too long on any play I am in....but we have to consider the current behavior and not compare it to any play such as MJNA that might be on its way out.
Just my .02!
Regards,
Neo
Remember people to only play with the money your wife/husband/significant other/imaginary friend won't disembowel you for should you lose everything if your stock goes the way of the dodo!
JMHO!
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