IMO - It Will Plunge
Saw a post where someone said Joel had textd them and part of the text was "Your partners will have a great opportunity come Monday". I will take that to mean that even Joel knows it will plunge and that the great opportunity is to buy low – very low.
Before the bell the bid will be the same as it was Friday – Why? Because there are open orders "carryover". There are people who do not know about the Thursday afternoon news. They placed their bids on Thursday, packed the car, and took off for wherever thinking all is good. Those orders will fill in the blink of an eye at the open and followed by a significant gap down in the bid. You should be able to see that gap in the level two stack even before the market opens. Cool Aide Drinkers will be buying everything in sight and may drive it into green before noon. But after their powder runs out then we will see the real plunge IMO somewhere around 40% or more down for tomorrows close. However – A PR could change everything but I doubt it. CannaCamp is dead until 2016 and that's a long way off and I for one will be pleasantly surprised if I ever see it actually happen. I expect main stream media releases about Thursdays news to appear tomorrow morning from Yahoo, Marketwatch and the like. Right now only people who have been paying very close attention even know about it. Once the masses get a hold of it?? - Look Out.
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