Replies to post #68694 on CV Sciences Inc (CVSI)

[Gladys Thong]

why is the stock price so high here?

Never underestimate the power of a SHINY OBJECT on a TRUE BELIEVER.



CV Sciences tossed out a couple just before its disastrous Q2 earnings report:

Shiny Object 1: CV Acute

and

Shiny Object 2: Happy Lane

[ThePrestige1]

It's simple, you are thinking about today and now, while investors are thinking about 3 months from now.

People have different strategies, some bail and try to buy in cheaper while others simply hold and wait for things to go back up.

Looks like it's a hold play. Also, we have a buy rating on the stock now with a .95 price target. Earnings mean nothing, potential is everything at this point.