We are very cheap on local and global comps. MDC, AC8 , MMJ all way above us and have look at US and Canadian comps....
We have some big rallys ahead and the shakeout last two days is to buy in actually....
Might have been an insto placement selling or T+2 short, but either way the share selling from 3pm yesterday tallied 80m shares sold but now all absorbed....no way does it take 10% of that amount or 8-10m shares of buying to get back above 8c....
Technically still above 7.2c is great. rising low...6.9c, 7.2c, 7.5c...and I say back above 8c and on outr way back to double digits.
Some trading shenanighans....today....
Here is Greenbulls's post on Cannabis valuation comps.....love your work Greenbull. Notice our EV, one of the cheapest for one of the best....
30c is not out of the question at all. I think once we retake our 12c high it will pop hard.
DYOR.
GG
From Greenbull post yesterday.....
-----------------
Hi All,
End-of-day Medical Marijuana wrap-up.
AC8 closed at new all-time highs today after closing at all-time highs on Friday - bodes well for the sector if the leader is doing this.
CPH only down 1% after a CR which shows strength.
ESE the biggest gainer for the day (no news) of 20% - more strength.
MDC looking like it'll be the first to reach a $1 share price.
ZLD up 18% on positive news.
SCU continues its decline.
ZYB waiting for a deal.
Cheers,
GB.
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35.0¢ |
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