HGV 0.00% 4.2¢ hygrovest limited

This is too good...., page-19

  1. 1,287 Posts.
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    Column 1 Column 2 Column 3 Column 4 Column 5
    0 Company Closing Price as at 6 Mar Closing Price as at 13 Mar Difference % $ Sensitive Ann
    1 MMJ 0.315 0.750 138% Yes, 2
    2 MXC 0.054 0.105 94% Nil
    3 BOT 0.045 0.072 60% 1 speeding ticket
    4 ESE 0.220 0.430 95% Nil
    5 CPH 0.465 0.740 59% Yes, 1
    6 QBL 0.008 0.018 125% Nil
    7 ZLD 0.039 0.080 105% Nil
    8 AC8 0.495 0.690 39% Nil

    The above companies all have medical marijuana exposure.  There may be more on the ASX that I am not aware of.  

    In the last week, they have all increased by >39% despite there being no major regulatory change.  Do you think this has legs?

    Out of the above eight companies, only three had price sensitive announcements.  

    - MMJ with sales update and the land lease agreement
    - BOT responding to an ASX query
    - CPH signing a letter of intent


    Nothing has drastically changed in the past seven days, but all these companies share prices are surging to the moon.

    To me it looks like it is a combination of speculation, FOMO and being pumped by traders.
 
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