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/biz/ - Business & Finance

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1548786 No.1548786 [Reply] [Original]

So I invested in APHQF yesterday after 5 days of careful and methodical DD, saw a 10%+ gain in the morning, and then the stock dropped to -11% its opening price. Does anyone here know why this happened? I can't even sell tomorrow should the drop continue because of a sell order settlement date. I just need something, anything to jutify this drop and help me sleep better. Pls halp.

>> No.1548794

>>1548786

Every single MJ stock plummeted at the same fucking time.

What the fuck.

>> No.1548801

>>1548786

https://www.thestar.com/news/canada/2016/10/06/october-is-now-islamic-heritage-month-in-ontario.html

considering the prevalence of right wing extremism to exceed nearly 40% on the other side of the border investors realized that canada is a risky proposition in october and november.

as a result several pharmaceutical stocks in that sector in canada tanked due to anticipated bilateral tensions in the region. that threaten the dependence of canadian healthcare on the US pharma industry.

>> No.1548802

I'm going to buy some more thanks.

>> No.1548813

>>1548801
That accounts for a drop, but not one this sudden though, right? Even if it does, these worries are simply from speculation, which means that the stocks will grow back, yes? Fuck me, I think I'll actually kill myself at the end of this year.

>> No.1548878

>>1548813

Don't listen to that fucking idiot lmao.

I think Trudeau got cold feet and gov officials close to him cashed out all their shares.

>> No.1548890

>>1548786
>jutify this drop

Here's what happened- people sold it. lol some on, good luck finding a justification as to why the market does anything...

>> No.1548897

>>1548813

Idk i just pulled that out of my ass.

>> No.1548929

>>1548890
>Every single weed stock drops heavily
>Not market manipulation

>> No.1548935

>>1548929
obviously they're manipulated. idk what kind of answer you're looking for here. people pump and dump these companies all the time. sorry you got caught in a scheme, there's no real deeper explanation to it all- sometimes you just get fucked.

>> No.1548943

>>1548935
Fuck you /biz/ I trusted you

>> No.1549367

>>1548786
So you are down 1%. November is when this shit should fly anyway. Go ahead, pull out and miss the climb.

>> No.1549369

>>1549367
>November is when this shit should fly anyway. Go ahead, pull out and miss the climb.

>He believes this
Lol don't fall for the memes folks.
Trudeau won't legalize anything. I sold CGC and APH at a loss because I don't have faith anymore

>> No.1549392

>>1548943
that was your first mistake

>> No.1549546

>being this buttflustered about some market movements

It's probably got more to do with the pound dropping making canadian stocks in general look like weaksauce compared to the FTSE


I've got multiple thousands riding on each of many many shitcoins and I sleep like a baby.

Oh yeah, buy Potcoin
https://poloniex.com/#/exchange/btc_pot

>> No.1549550

>>1548786
insider kike investors have inside information that weed wont be legalized in early 2017 like they planned it would be.

>> No.1549915

Bought more, now the stocks are up again. My guess is a lot of people felt after the big rise it was a good time to sell. I think they'll continue to rise, I might sell in November if they continue to rise.

>> No.1549919

>>1549550
The stocks have done this before when there have been big increases in the stock values, earlier this year and the month after Trudeau was elected. Expect a steady rise of stock values up until next April.

>> No.1549935

>>1548786
>>1548794
Institutional investors want in and are manipulating prices to do it. Lots of people put stop losses on for these stocks, so they bump the prices down just enough to start a chain reaction. Not a problem if you're going long on these stocks or want a good buying opportunity.

t. Institutional investor / biz shitposter

>> No.1549941

>>1549369
Chemdog, is that you?

>> No.1550128

>still believing in these meme stocks

Guys, we all made money. We all got burned at bit at the end. Its fine, on to the next big thing.

The whole industry regressed all at once. Doesn't that tip you off? The insiritjtional investors know something we don't. Maybe it's not going to be legalized- who knows.

Take OGI for example today. It can't hold on to its gains.

The dream is dead. Back to oil plays unless you want to set your money alight in these stocks.

>> No.1550188
File: 131 KB, 720x960, CcPeEYRUcAAKtxd.jpg [View same] [iqdb] [saucenao] [google]
1550188

I would never invest a single dollar into Canada

>> No.1550289

>>1549369
Okay, well you can suck my cock because I am up $3000 today. Fuck your "faith". Did something actually change with Trudeau in the last few months that made you distrust him? Nope. You are both the same cocksuckers that you've always been.

>> No.1550430
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1550430

>>1550289

shut up refugee, when Trudeau is done u and your senpai are going back

>> No.1550605

>>1550430
Whatever, I'm a 5th generation Albertan, have fun being poor. Maybe I'll let you give me some money someday so I can fuck your wife and keep her happy.

>> No.1550617

It's just whales price taking.

Also never listen to that idiot shilling PotCoin he's fucking braindead and shilling in every single thread.

Honestly do not worry it's a slight correction it had to happen. Just keep holding on and you will see a return.

Another thing, Trudeau will legalize it. There's no way he's backing out. Just my two cents.
Tldr; small correction don't panic. Buy in more.


Also read this before you comment anything..

http://s21.q4cdn.com/903347703/files/doc_downloads/MMJ-Dundee-July-2016-Report-SL-Buy-Target.-(1).pdf

>> No.1550622
File: 13 KB, 612x259, pumpndump.png [View same] [iqdb] [saucenao] [google]
1550622

>>1550617

>> No.1550632

>>1550622
You saying it's a pump and dump proves you haven't done your share of research.

But it's fine kiddo I understand.

>> No.1550637

>>1550632
>Has no other justification for weed pennystocks other than "the trudeau promised it!"

Guess what cocksucker trudeau promised a lot of shit

>> No.1550639

>>1550622
Like I strongly encourage you to read the analysis I posted. You're an idiot for selling.

>> No.1550647

>>1550637
You're basically trying to bring others down because you're too scared and didn't understand what you're actually getting yourself into so you resort to assuming it's a pump and dump.

These companies involved have actual substance behind them and the market is destined to grow.

It's not as if they're just here to grab everyones cash and dip that's not how it works because they know long term they'll end up booming, their market share is fucking crucial for dominating the Canadian market.

>> No.1550650
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1550650

>>1550622

lmao this moron is so salty he missed the train.

Enjoy your being poor you loser.

>> No.1550655

>>1550650
Nice you sold at the height of a pump

Surely if everyone buys in now we'll make LOADS

>> No.1550660

>>1550655

Sold and almost doubled my position today.

In the spring, this will be 1-2$, I suggest you jump in.

>> No.1550667

>>1550660
I don't believe you