Creative Edge Nutrition, Inc. (OTCMKTS:FITX) Gets Slammed To The Ground
Creative Edge Nutrition, Inc. (OTCMKTS:FITX)’s market value took a horrific 23.95% pounding yesterday, as panicked investors recoiled from the stock in the wake of the news of the results of the midterm elections.
115.2 million shares changed hands in over the course of the most horrible session FITX has had in a long a while. The fact that 3.2 million dollars worth of FITX stock were traded by the time the final bell saved the ticker from its plummet is indicative of the desperation of FITX‘s investors.
And, when you think about it, why wouldn’t FITX shareholders lose all hope for the company? Not only are FITX‘s achievements extremely unimpressive, but now that the Republican party has stolen both the House and the Senate from under the democrats’ noses, it doesn’t look like the company’s future will be getting much brighter.
We are all familiar with the republicans’ disapproval of marijuana and the party’s general distaste of its legalization. Whether the marijuana sector will really be given the cold shoulder remains to be seen, but as far as FITX shareholders are concerned, the damage has already been done.
The crash that took FITX down didn’t pass by any ticker in the whole pot-stock sector. Some pot stocks handled it better than others, but many, such as Hemp Inc. (OTCMKTS:HEMP) and Cannabis Science Inc. (OTCMKTS:CBIS) took a pounding almost as severe as FITX‘s, if not worse.