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Thats what I said, not even 1/3 the value of canopy. You said canopy was higher than ACB.
It’s not even 1/3 of Canopy
Yawn
It’s not any of them
Me too. Question is, you def gonna sell if it gets there fairly quickly?
Nice one
Could a massive squeeze be occurring here? Anyone good at analyzing the recent short interest and days to cover?
Some fascinating info in the articles you sent. Crazy that we appear to have a shortage of liquidity after recent Fed moves.
Some blurbs from Powell’s interview tonight:
Powell says a full economic recovery may not happen without a vaccine
https://www.cnbc.com/2020/05/17/powell-says-a-full-economic-recovery-may-not-happen-without-a-vaccine.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Thanks for this analysis, appreciate it. Very interesting.
You think a buy out is impossible? There’ve been a few big players that made big investments in this industry.
From your mouth to Jah’s ears. That valuation is super rich, but you never know in this casino.
If company engineered a float lock through this reverse split, would be a master stroke. But I gave up dreaming for such things.
Def currently a great price to average down or build a position if you believe in the company. I just have lost faith. Hoping for a buyout.
Hm, interesting. Def could happen. Although Powell is obviously conscious of the dramatic effect of his words, he also will be cautious to avoid being seen as a pumper or cheerleader, which could cause him to inject some words of caution regarding market frothiness.
Too much analysis, but have nothing else to do! :)
After breaking even with my morning trade here (averaged down a bit to do that), I bought 190s at around 2 expecting an EOD drop, was way wrong and dumped for a loss.
Would love to get another entry point for a longer hold after a market run like we recently had. Kudos to anyone who bought in 130-140 range, screaming buy in retrospect.
Best of luck to you.
You think Powell’s Sunday night interview is gonna spook the markets?
A Tilray type movement is a dream, ain’t gonna happen. Besides, they had a much smaller float.
But if strong holders lock up shares here, the limited supply should drive the price up significantly.
Also, seems like company’s on a good performance track, so could care less about shorters. Continued performance will address any big short interest.
Question is, what’s the highest market cap we can expect the market to grace us with? If Canopy’s at 5.5B, half of that is a decent short-term goal.
Can’t believe I didn’t sell this stupid stock at 12.
Yes, I was referring to Wolf’s video and commentary. Other poster I responded to was attacking him.
Slow down man. Guy’s got a point. Volume was over 102M today, almost the size of the entire new O/S. Yuuuge. If many of those shares rotated into strong hands, the PPS is gonna explode.
Thanks for the note, appreciate it.
Agreed.
Me too again today.
Let’s get back to ONE DOLLAR today ;)
Way too early :)
Short squeeze
In at 204
That’s $1.25 pre-split. Maybe not today, but pretty realistic.
Meaning they took back the shares in order to loan out?
Gltu!
Interesting info.
Certainly, and that’s great for people who bought at $5-6 post-split, but has to get back to $24 to evidence any kind of sector recovery. $10 post-split is 83c pre-split, peanuts in terms of market cap.
One step at a time I guess. Best of luck.
Great note.
Finally some hope around here. Was not fun holding through the darkest days, but I was down so much I just wrote it off. Lesson learned.
I still don’t have real faith in this management team, but they showed some promise yesterday. Let’s hope it continues.
Just as a fun thought, I’d vote in favor of a tender offer of pre-split $3-4 American in a heartbeat. The idea this team can bring more value than that in a reasonable time frame is very wishful thinking (and frankly, so is a $3-4 buyout at present).
Yeah, tempting to let it ride since it moves up so fast.
My simplistic sense of TVIX provides me two alternative plays:
1. Scalp on day trades using charts, but move fast as hell.
2. If you’re expecting a serious sell-off like we had this week, hold overnight/multi-night with money that you’re willing to watch fluctuate in a very intense and nerve-wracking way, and, more importantly, that you’re willing to watch get cut by 20-30 percent on any given opening.
That being said, there seems to be a lot of very experienced traders of this mystical instrument on this board worth listening to.
No doubt. It’s amazing.
Doubled down early after open, was up a solid ten percent on a sizable position, let it ride, and ended up bailing for a loss.
Thing moves faster than a witch’s booby on a rollercoaster.
Dizzaster.
Understood, wasn’t suggesting you were pushing for one.
Just saying that lots of scams go on out there that don’t get investigated, and, even if they were, would be hard to prove. Doesn’t mean a scam did not occur. I’m a crim defense lawyer, scams are common, especially with slick corporate types.
Thanks for the thoughts, much appreciated.
Player, any initial thoughts on the financials and general progress, if any in your opinion?
Not suggesting it is. Clearly a lot of legitimacy here. But in retrospect, Cam’s actions seem a little funny.
Let’s be honest, scam or not here, a lot of scams do not get investigated, charged or prosecuted. So one can do a little better than looking for criminal convictions when trying to identify the existence of a scam.
Lol with this green. To the moon baby!