I blame the "disgruntled" holders who seem to turn every good announcement into a "woe is me, why am I not rich yet, time to sell" cycle. Not as much as I blame the bots and day traders though.
Seriously though, it takes some balls to ignore it all and remain confident of the eventual returns after going through this a few times. I suspect this stock (and others in this space) are prime targets for professional traders to shake loose the inexperienced stoners taking a punt.
Anyone care to do a comparison of the ASX weed stocks financial reports?
All I know is that MMJ (26.2m) about as much in asset value as AC8 (15.2m) and CANN (11.3m) combined (according to commsec).
Might dig deeper this evening.
I blame the "disgruntled" holders who seem to turn every good...
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