IGC overvalued, SHORT
Updated
IGC is another cannabis stock that soared way too fast based on no tangible numbers. The Cannabis market will be a big market for sure. But the energy beverage sector is extremely competitive; we would have to see how the "Nitro G" can compete before the stock soars 1000% in a couple days. This is definitely the pumping phase, and it will come down.
Trade closed: target reached
Covered 75% of my short on IGC for a 45% return! And it's still dropping in after-hours.
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