High volume, stock is up, (barely, but up) so that is the good news.
For me this is a spec play until management gets replaced and they have revenue and cash on hand.
What I do not understand is how anyone in their right investing minds, does not take profits when this runs, and goes back in when the pps hits new lows, and then higher lows, on big volume.
This is still a spec stock. You all know the problems with the company. To just keep adding shares on dips, and not taking profits, is complete suicide. I am not accusing anyone of doing this per se, but I know some of you are. To each their own. My reasoning for jumping back in (not a lot of shares but enough to make some money, or lose a little, I have a very tight rope on this one) is really for FOMO. What if Mass does open? What if EVIO gets caught up on late filings? What if it gets off the pinks? I was willing to take that chance because I did not ride this down like many of you. I have been in and out several times, always attempting to take profits. Of course I have lost on some of those buys too but overall I am up some. Anyway keeping the lows higher, on big volume is a very good sign. Something might be up. Angel Pub does not keep promoting a stock if something were not up. This is not a long term hold for me, but certainly could be if things change.
This is too good a niche to screw up, I do not think if you tried, you could not grow, in this niche, in this sector. Then I realize just how bad and completely inept management is, and I put those thoughts to rest. Having been at the helm of some Biotech companies, I try not to criticize other management in other sectors. I have found that no one outside of the insiders of a company, know what goes on day to day, behind the scenes. However, this one management team is so bad that if you told other investors, or true experienced businessmen, what we do know, there is not one person who would do anything but gasp in horror. Truth. So therefore this is nothing more to me than a spec play, very short term, with very short rope. Until shit changes I will continue this sentiment.
On the reverse, if things do change, I hope to be right there to add to my shares, or to get back in if I am out. I think he bottom for now, has been found at .25 (Closing) If it breaks .25 next stop is .21 and if that breaks, well.........
On the other hand, If EVIO can continue to have higher lows at closing, on big volume, we could see an easy double from here, if not a triple. If Mass opens, or other pertinent news happens, this could easily be a 5 bagger over time. (with the added dilution this may be stretching it)
I am not holding my breath but I am holding up hope for a good spec play here.
I tend to agree with TCHM on EVIO, he is so burnt out, and knows info we are not privy too. I do agree with him 100% long term, with EVIO at this point in time. Take what this man says and do not discount it. He does know his stuff when it comes to investing in cannabis. His DD is second to none. He will be the first to admit he was wrong, if EVIO is able to pull a rabbit out of a hat. Not likely.
This breaks .25 downward, I will be out faster than THCM places an implant. (A little dental humor for my boy)
December might bring the cannabis sector some gifts as the sector will be prisoner to tax sells imho. I can easily see the cannabis bottom happening in Dec and early Jan before it climbs out.
Of my watch list of 50 cannabis stocks, all but 4 are down today after two days of running. (EVIO is one of those that is up today) You think Dec tax sell off won't be brutal on this sector? Think again. There will be many gifts to buy in Jan!
Out of all my dd these 7 horses should be on your watch lists:
IIPR
CWBHF
GTBIF
TCNNF
MEDIF
CWBH
CURLF
Best spec play: TLLTF
and...when the vaping scare goes away: GNLN
Your are welcome.
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