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Alan Brochstein

01/27/17 12:13 PM

#8733 RE: daytrader15 #8731

$3.70 to $1 is a 73% decline. $3.70 to $1.50 is a a 59% decline. Either way - huge. So far, the low, was $1.87 for a 49% decline. Not too shabby.

Since 11/17, the cannabis stock index has rallied by more than 10%, while at 2.41, last night's close, CANN fell 35%. That means that an investor who bought an average stock has seen it go up. Someone who stuck with CANN now has only 59% of what they would have had if they went with the average stock. I expect it to fall more, maybe even more than the $1.50 I now expect.