Perfect long strategy: Accumulate as much as you c
Post# of 75001
The more that the long term investors accumulate, the less stock there will be in the general pool for the shorters and day traders. By rule of supply and demand, as the long term investors gobble up more and more stock at reduced prices, the demand will eventually rise. And if the longs refuse to sell everything they have accumulated, then the price should keep rising and rising until the demand is no longer there.
Right now, the demand may be soft, partially due to the lack of interest in marijuana stocks in general, partially due to the global markets, and partially due to day traders moving on to more exciting stocks. But with the revenue release coming up in a month or so, and the uplisting to a bigger market, and the elections coming up next year, demand for marijuana stocks and THCZ should skyrocket eventually. The last election resulted in several new marijuana laws and the marijuana stocks got a huge upward jolt from it.
So if you are a day trader, or a short seller, then go ahead and unload your shares. There are many of us longs who are waiting here like hungry hungry hippos, waiting to snatch up your shares at low prices so that we can hoard them and create a "high demand - low supply" scenario. With that scenario in place, the revenue release and the uplisting and the elections should throw this stock back in the spotlight and create a under-supplied & over-sought stock.
If all the longs controlled all the shares and never sold, then the price couldn't drop any more and it would just keep going up. So as longs, lets try to accummulate as much of the stock as we can so that the short sellers and the day traders can't drive the price any lower.