um...
you do know that cannasouth are medicinal, not recreational eh?
or.... good luck to you regardless.
disclaimer or whatever, bought pre cap-raise, bought at whatever it was 37.5c? sold it all during the pump cos ldo
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Roll up roll up to the Cannasouth Circus. Not sure what will happen today but its damn fun to participate in this amusement ride!
break of 1.06 might be a lower low on the 15 min chart?
Gone quiet here now.Damn,ill have to do the lawns
I suspect some were hoping to game the Sharesies market buy algorithm to push it higher, before dumping another lot for a quick profit, but seems the Sharesies broker has caught on and kept their market buy orders sitting at 98 cents. Hardly a effective market buy option when it’s several cents behind. Great way for their members to miss out if the share price did continue rising. Seems a broken system.
https://nz.news.yahoo.com/aurora-can...100608291.html
Aurora Cannabis' (TSE:ACB) Stock Price Has Reduced 86% In The Past Year
Simply Wall St
Simply Wall St.2 September 2020
You are making some interesting observations. For something to go up by 3000% is the same as going from $1.00 to $31.00 (using an example).
Now it only takes a 96% fall for this stock to fall back down to $1. Granted not as much as in the example where it was only 86% but one needs to be careful with percentages.
A 100% gain followed by a 50% fall gets you back to parity.
A 200% gain followed by a 66% fall gets you back to parity.
A 1000% gain only requires a 90% fall to get back to parity. The maximum a stock can fall is 100%. At that point it is zero. The maximum upside is unlimited. A good lesson also for letting winners run.