It’s not all that hard to see why investors are rushing to the industry. Investors are always looking for quick gains. They want to buy something and for it to immediately rise.
Over the last six months MGC Pharmaceuticals Ltd’s [ASX:MXC] share price had been traveling pretty consistently, but since October shares of MGC have spiked.
The Afterpay Touch Group Ltd [ASX:APT] share price plummeted nearly 19% in trading yesterday, closing at $11.35. This is less than half of the tech stock’s value compared to only two months prior — when it hit a record high on 27 August of $21.13.
In just a few days, gains from the ASX 200 disappeared. US investors are looking at a similar situation. Investors are selling almost everything…the good, the bad, and the ugly. Is now the time to invest in tech stocks?
AusCann’s share price has been declining over the last six months, despite increasing talks of Canada’s full legalisation of the recreational use of cannabis. In fact, this may have something to with the reason why.
Let’s not sidestep what happened last week. What you saw was indiscriminate selling, market wide. The ASX lost close to $50 billion. Heck, hundreds of stocks made new 52-week lows. The most expensive stocks got the worst of it. CMC…
With a massive volume of trading happening around it, Eden Innovation’s [ASX:EDE] share price has soared 13.1% today. As we have covered recently, Eden Innovation’s share price has been flying up despite the ASX looking at it with some suspicion.
Eden Innovations Ltd [ASX:EDE] has been a big winner today, up 19.3% at time of writing. Indeed it has been a big winner since 21 September, moving from a low of $.035 to $.099 in the past three weeks.
At time of writing, WiseTech Global Limited [ASX:WTC] shares are trading at $16.59, a whopping 9.59% down from yesterday’s trading price. No doubt, today’s fall comes from the extreme Wall Street sell-off that has taken place over the last 24 hours.
On next Wednesday, 17 October, Canada will officially legalise cannabis. They have had a legal medicinal market for years now. And we’re already seeing some of the world’s biggest cannabis stocks (mostly Canadian) rocket higher in price.