CANN may go down, or it may go back up. Recently I remember you gloating about something or another when she dipped back down under the 2s for a bit. Then it came right back up to 3+ and stayed there for a while.
Did the chart predict THAT drop? Did the chart predict the climb back up? The answer is no on both accounts. No one saw that drop, and you yourself predicted it would "rally" to the low 2s before dropping even further down into the 1s. We see how that went.
Back before the big run from the sub $1 range to the $4+ range, we had a period where we were just sitting at ~90 cents. A "high" volume day might be 30k. Randomly, someone decided to sell a bunch of shares and we dropped to the 60s. Could the charts have predicted that drop?
Again, the answer is no.
Lots and lots of people swear by the charts, and honestly, for a well established company like Apple, Google, Amazon, you can put a lot more confidence into these markers and trends, but we had days of multi-million share trades, and now we're 10x below that. Are all charts created equal? Can you make the same predictions on the same stocks when one day you have 3 million shares traded and the next day you have 200k? I say, no, you cannot. In the first case, you have the support needed to justify whatever price range is current. In the second case, you really don't. In one of the many posts you complained about to get deleted today, I mentioned that the first big drop was 6000 shares. That, in the grand scheme of things means nothing. If the price had gone up that same amount with only 6000 shares supporting it, I'd say the same thing. CANN could hit $20 tomorrow, but if only 100,000 shares exchange hands, we know it'll be a temporary spike at best. CANN having few shares exchanging hands on a slight downward slope is also temporary at best.
CANN is indeed among a handful of stocks that's just in a holding pattern, but when the run happened, it happened here first. The rest of my portfolio was basically flat, meanwhile CANN is going nuts. Then CANN slept and the rest of my portfolio took off. Just because CANN isn't running right this second doesn't mean anything. Spring isn't here yet, and we're a long ways out from April still.
Also, a 17% drop from 12/31 doesn't mean anything to me either. That's not accounting for the fact that it's still up HUGE from last year's low. I still have a shit ton of money in my account and have made a shit ton thus far. It's only January.
Given how readily posts opposing your view conveniently disappear, I'm sure this one will too. The board is heavily censored these days, and I'm sure you have "nothing" to do with it, either.
But hopefully someone will read this and find it useful before it disappears.
Maybe dial it back a bit man. I get you really really want CANN to fail, but you don't have to be so blatant about it. We were in the $3+ range for a while and you were silent. The split second that first digit moves from 3 to 2, here you are again talking about "dumping" and failure and gloom and doom.
Take it easy and relax. You don't have to try so hard. ;)
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