EXL 0.00% 0.5¢ elixinol wellness limited

Ann: Elixinol Global completes 50.5% investment in Elixinol Japan, page-14

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  1. 164 Posts.
    lightbulb Created with Sketch. 63

    The market is alwatys right


    But


    IMO Australian investors are such muppets


    Does anyone look at where stock was trading with good volumes in US overnight BEFORE major news after market of AG Jeff Sessions being fired - he was key anti drugs voice and is gone. Not that hemp is a drug but it is scheduled federally as such today. 


    It is hard to imagine US stocks in the space not being higher tomorrow - and EXL already trades at a huge discount to Charloettes Web the competitor.


    The real reason I suspect is they bought lower, selling now without any thought of what the stock could really  be valued at ???


    Maybe the Australian investors and right and US investors are wrong on valuation but I know one thing, they can't both be right given massive difference in valuations






 
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