CGB 0.00% 2.1¢ cann global limited

Current SP, page-940

  1. 1,311 Posts.
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    Guys, this is all IMO and not trading advice, HOWEVER everyone needs to take a deep breath, step back and look at the big picture!!

    1 - We have a stock that has rallied between 400-500% over the last month!

    2 - On the basis of no new information released to market, today we've seen a pull-back of around 15% during a market that is a sea of red. Now I don't know about you, but to me, this doesn't mean the stock is crap, or I should sell. There's been no material change information, so why would I think yesterday the stock has so much potential and its going to the moon, and suddenly today think there is no outlook etc. All that's happening is some pull-back and re-trace which is a perfectly normal and healthy thing. Have a look at every stock that is out-there (even A2M) and can guarantee it hasn't gone up perfectly straight, every stock oscillates up and down, moving in natural waves.

    So again, this is all IMO, but today is just a bit of profit taking and consolidation & i'm in no way worried about which way the future price will go... So i'm just going to sit back, relax knowing there is no fundamental change in the company or any new information out there, and watch this share's natural progression.
 
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Currently unlisted public company.

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