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Marijuana stock goes parabolic and then breaks.
Evidently, hitting $300 and growing into one of the 25 biggest companies in Canada opened up a wormhole into an alternate universe where fundamentals matter.
It was up almost 100% on the day an hour ago and now it’s threatening to close lower in the fourth halt of the day.
It’s indicated at $141 now, with everyone waiting for it to re-open.
This article was originally published by Forexlive.com. Read the original article here.