where to next?, page-518

It looks like there is no support today. Unless there is some good news or a bunch of adventurous punters showing up tomorrow, the recent will be will tested within the next couple of days. It's terrible for longs! It is like a rug being pulled under you. I doubt it's the action from the shorts either. They probably still try to recover from the 60% run-up a few weeks ago. This stock is no good for both shorts and longs the way it is going. Of course, one can accumulate and hope for another 60% ride up. But I count myself out for now as the market cap is over 160M and the cash in the bank is only about 40M without any tangible assets to back it up and no product in the near future.

I wonder why there is no noise on Canopy wishing to take over this company as the capital raising was ta $1.10 and now the share price was hovering around 60c last week. Perhaps they will wait until the 30s?