I totally agree. This, to me, is the final stage of capitulation. Probably the last of the two groups of buyers getting out: the ones who bought at 4 and 5 cents and rode it all the way up and all the way down and just cant take it anymore that there's a chance they'll come out of this with no profit, and also the group that bought on the rise to .74 or after it fell into the .50', .40's and even .30's and .20's. They cant take it and are giving up. To me....that's a clear sign the bottom is hear or near. Could go a little lower, sure. May need a big volume day with a mid-day turnaround that goes from red to green. But I think this stock is days or maybe a week away from finding a bottom and moving off it forever. There's too much good news, too many good things happening. Will be interesting to see if any well-known customers get added at the UNFI cbd show next weekend in Baltimore. Wouldn't mind seeing CBD Unlimited in every Whole Foods in the country.
Just to be clear, I know some longs sold due to the issues that have been discussed here lately. I'm not for a second calling that capitulation. I had strong doubts and made that known. I just think those sales happened within the week to 10 days after the 10Q was released. The last couple days and especially Friday was capitulation.
I bought a ton of shares Friday, and think in 1-2 years that will be a great investment. Just wish I bought late Friday instead of early Friday lol.
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