Earnings Are Questionable in Some Companies
There is another company (STeeKayOh) that reports an insane earning number, about 5x their actual market cap yet the stock is completely stagnant because they haven't been able to "collect."
Earnings like that are a joke and I think that's what people are seeing here with VAPE. They're not buying the numbers, literally as in not buying the stock because they don't believe the earnings numbers.
Like I said, I'm at a loss here, both in my recent purchases and as to why VAPE just continues to hit the skids. The big problem is that after the insane parabolic rise in the MJ markets, there really are no confirmed support levels, especially long term.
It's likely there will be a technical bounce because VAPE is riding the bottom bollinger bands, deviating heavily from a normal range. Most indicators are at the very lowest levels but the MACD is rebounding. Unfortunately the 50/200 SMA are slumping into what may become a Death Cross and using the 50/200 EMA that cross is happening already.
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