/biz/ - Business & Finance

Anonymous Tue Sep 24 03:05:49 2019 No.15694680 [View]
File: 355 KB, 1567x946, HMMJ8.jpg [View same] [iqdb] [saucenao] [google]

I went to reddit dude weed stocks page earlier to gauge the sentiment. They're about ready to start hanging themselves. 'Dude weed is dead', 'Can shorts really push nearly profitable companies in to penny stock range?'; feels of this variety. In the past, that has been a bullish indicator to me. Anyway, I put together a chart to look at the drawdown range of the HMMJ mostly Canadian dude weed lmao ETF this evening. It's more consistent in terms of percentage drops than I expected. Chart covers entire life span of the HMMJ to date, starting from inception in April of 2017.

Pic related is measuring peak high to following trough low for each. Interpret as you wish.

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