where to next?, page-1093

The recent pattern of trading seems to be 1-2 days up a little or flat with low volume followed by 3-5 days of dropping due to selling with relatively heavier volume. It's like the sellers are fishermen who wait for more fish to come to net them then slow down and wait again for new fish to come. They are netting the new money to lock in their profit or simply reduce their risk. I no longer see a sharp drop like before in the order of 7%-10% per day causing 20% drop in 1 week. But the steady grinding drop over 4 weeks look really bad. Looking across other cannabis stocks, I also see a steady decline too. The wild speculative buying on the dip seems to have vanished after the period Oct-Nov last year.

There will be a huge resistance near the IPO price as sellers can no longer make a profit.