You are right. 50k+ traded today, how are you going to dump 90m shares into the market. Reminds me of "The Sky Is Going to Fall" mentality.
I have looked at most all of those stocks people keep posting and I don't see many with positive earnings. That doesn't mean that in a year they might be able to turn it around, but TCNNF is already revenue positive and that allows them to put any additional profits toward building out other locations. These other companies are taking on debt like crazy. A lot of people don't understand that Florida is a huge market. You can't just jump into Florida due to the licensing limitations etc. Now with expansion into CA and MA, icing on the cake.
And looking at one of the MJ stocks there were 200m outstanding shares and it was trading at $36 with negative earnings. Got to be crazy.
I would bet the share price will close above $13.20 on friday. Short squeeze plus people hoping to catch low shares, but unable to. The volume didn't pick up until afternoon and then it was too late to get in at a cheaper price. With apparently so many people holding long positions it will drive the price way up. I dropped the hammer on some yesterday at a really good price. Fasten your seat belts, monday is going to be awesome.
IMO
Looks like this will be my last message of the day. Trulievers hang on.
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