Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Obviously the short sellers are all over this again today. sheeesh. Do you know if you put in a conditional order for your shares, at whatever you are comfortable with, that those shares are no longer able to be shorted?
I was wondering why trading seemed so scattered this morning and at times halted.....
More content below
OGI
+32.42%
Tue, February 9, 2021, 8:02 AM
More content below
OGI
+32.42%
TORONTO, Feb. 9, 2021 /CNW/ - The following issues have been halted by IIROC:
Company: Organigram Holdings Inc.
TSX Symbol: OGI
All Issues: No
Reason: Single-Stock Circuit Breaker
Halt Time (ET): 10:39:03 AM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
A rising tide lifts all boats. U.S. Senators, especially Schumer made a statement 2 days ago that federal legislation to make Cannabis federally legal is a top priority.
turning stone, You are absolutely right about Motley Fool, especially Sean Williams who spent the last 6 months posting negative articles about Aurora. I will not read their articles anymore.
DEA moves CBD medicines off of Schedule 1
https://mjbizdaily.com/dea-moves-cbd-medicines-off-schedule-1-a-limited-expansion-of-cannabis-access/
Thanks Bigman, that's sort of what I thought... another member's post confused me.
So when ACBFF gets a listing on a US exchange...will it be under a different symbol... and does that mean we won't actually own the shares on the new exchange? I'm confused.
Hey thank you for the graphics and all the details on that power point presentation wasdeafonce....very informative.
Long and Strong.
Hey, thanks. Some of those are in my watch list. I'll jot down the others.
tanguy...which US MJ stock tickers are you followng? I'm holding MJNA but it is very diluted....still makes some pretty good moves though...swing trade.
Ah, Nannouza...so that's why! Got it, thanks so much, I was scouring news for the reason for this run up.
That's hilarious, Nannouza, but it isn't the author who is short and has been bashing for weeks now....different guy.
So is there an IPO on TGOD today like reported on this board or not? I can't find it anywhere.
You're welcome Man6677 ... honestly, all the negative articles on Canadian Cannabis companies that continue to come out of the Motley Fool makes me wonder if they themselves have a hidden agenda. They are relentless in their bashing, especially one guy, Sean Williams. Then you read something factual about upgrades, like this article I posted, makes you realize that analysts don't feel the same way, they are not negative at all.
Motley Fool must be short.
That upgrade was a few days old but the article was just released about an hour ago which I think halted the downward spiral in the sector. Fingers crossed.
See this? It's very encouraging but is a few days old. Upgrade on Canopy.
https://finance.yahoo.com/m/2dc5569a-d29b-34f1-bd37-fd1d47e4b519/beacon-securities-upgrades.html
You've got that right, Dogger. And because of that I am wondering if management themselves have engineered this drop in Aurora. Without the 12.65 share price, will the acquisition even go through? So much is fishy about this whole merger deal. How are they supposed to go forward now?
Canadian stocks have always been manipulated heavily to screw investors...even mining, etc.
Watch the indicator Aroon set at 8 for green line to cross up over red to buy back in.
50 day MA was 7.76. Watch the crucial indicators for signals. Try to watch live streaming charts on all time frames for signals, not just the daily.
Thanks for the info, Salomon.
All you have to do to lock up your shares is to put in a conditional sell order at a very high price. They cannot short your shares if you have a limit sell order in place no matter how ridiculously high.
Odd, how Aurora says the stock options offering would expire after 90 days and yet Electrum says it was 5 years. I wonder what is written down.
Thanks Spikedog, for the trade tools on this sitee. I see that all of those 6.19 and 6.20 trades that went by right at the close were "form t"...an explanation of form t:
(a) When and How Transactions are reported
(1) Trade Reporting Facility Participants shall, within 90 seconds after execution, transmit to the NASD/ Nasdaq Trade Reporting Facility or if the NASD/Nasdaq Trade Reporting Facility is unavailable due to system or transmission failure, by telephone to the Operations Department, last sale reports of transactions in designated securities executed during normal market hours. Transactions not reported within 90 seconds after execution shall be designated as late.
(2) Transaction Reporting to the NASD/Nasdaq Trade Reporting Facility Outside Normal Market Hours
A) Last sale reports of transactions in designated securities executed between 8:00 a.m. and 9:30 a.m. Eastern Time shall be reported within 90 seconds after execution and shall be designated as ‘‘T’’ trades with the unique trade report modifier, as specified by NASD, to denote their execution outside normal market hours. Transactions not reported within 90 seconds also shall be designated as “T” trades.
Such “Form T” transactions not reported before 9:30 a.m. shall be reported after 4:00 p.m. and before 8:00 p.m. as “T” trades with the appropriate trade report modifier as specified by NASD. 8:00 a.m. and 8:00 p.m. Eastern Time and be designated ‘‘as/of’’ trades.
---
http://www.nasd.com/web/groups/rules_regs/documents/rule_filing/nasdw_018332.pdf
Pink Sheets and “Form T” Trades
Since OTC does not accept pre-market or after-hours trades, an OTC transaction marked as a "T" trade indicates the transaction did meet the NASD 90-second posting rule per above. If the "T" trade appears at the beginning of the day, it indicates the trade was not posted at Pink Sheets before 5:00 PM on the preceding day.
There are several types of "late" reports:
1. Those with a time stamp within a minute and a half after closing are just normal 90-second delays.
Rule 6620.1: OTC Market Makers shall, within 90 seconds after execution, transmit through ACT last sale reports of transactions in OTC Equity Securities executed during normal market hours.
In this case, the market maker may have conducted a trade within seconds of closing and delayed reporting it until just after the bell. This delay, which is permitted, is frequently misinterpreted as manipulation.
2. Then there are trades later than 90 seconds after closing. These trades fall into two categories and typically involve larger size lots.
a. The first category is sometimes used by financial institutions that are non-market makers to report larger transactions that actually occurred during market hours. However, since these institutions do not have access to ACT (Automated Confirmation Transaction Service), they use "Form T" to report.
MMs are prohibited from habitual "Off Market” transactions:
A pattern or practice of late reporting without exceptional circumstances may be considered conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of Rule 2110.
These ”Off Market” trades are typically used by larger investors to trade larger lots at pre-arranged prices without risk of driving the price upward or downward.
b. The second category involves so called “ex-clearing” lots. Certain transactions may clear and settle outside of the regular clearing system ("ex-clearing" transactions), where two dealers make an arrangement to settle trades between themselves and outside the clearing system.
The process used to balance street-side transactions depends on the type of comparison generated and the settlement method for the particular trade.
Trades Comparison is accomplished in one of two ways:
1. Electronically through the use of an automated clearing house such as the NSCC. This the normal way.
2. Manually via ex-clearing. Ex-clearing is a manual comparison process that is performed by the brokerage firm’s Purchase and Sales Department. Unusual short coverings can end up settling this way.
3. See http://www.brokerage101.com for further information.
http://www.hotstockmarket.com/forums/showthread.php?t=60075&page=27
mel6304... Sometimes the broker that you use will offer some sort of streaming software that you can see on your screen, customize charts and watch the live trades go by on the bid and the ask.... if you pay a premium then sometimes you can subscribe to level 2 which are MM's ... I think iHub here also offers Level 2 quotes but I don't know if they are live streaming. I use Schwab's StreetSmart Edge to watch live quotes and trades.
I saw those go by right at the close as well... sometimes it happens as a late print and they were actually sold/bought sometime previously.
They pulled that page Dogger, I just get a 404 error, page not found on that site.
Thanks for the info, Hbg.
Yes, Hunchbackgeek, legalization will come in the early summer but the expiry of the offer to Cannemed is March 9.
Unfortunately Trademax... that link is inaccessible unless you sign up for the site....just sayin'.
This was yesterday's big news. Hope it doesn't become buy the rumor, sell the news.
Yep, I see that gap and support level at 4.77 actually...have my GTC buy order in (won't say where at the risk of upsetting people here)...hoping to get it tomorrow and for a bounce on Friday but maybe next week.
I agree BACrying....the close was dismal... look at the streaming charts. All indicators pointing down except on the 5 min. chart.. the daily is just now rolling over, RSI, MACD, all of em. It's gonna be a bumpy ride.
I'm also seeing a gap on Nov 24 from 5.43 down to 5.07. Hope that doesn't decide to fill.
It is holding that first support level I posted at 5.43... the RSI is dismal on the 5 min and 15 min chart... the 60 min needs the RSI to hold above 40, now at 41.33
Support: S1 is 5.43 let's see if it can hold it... down below that S2 is 4.77. I am long but just being realistic. I don't like this free dive.
Hmmmmm jan... that is very interesting. Thanks.
The truth is that what is driving this stock is the amount of short interest... yesterday it was over 60% and that drove it through the roof as they covered. Today it is down to 40% and will still be a factor. We don't need serial cheerleaders and pumpers like Decimus on this board... please stop hogging the board and get off of your soap box of the eternal cheerleader. What we need are facts.
fairviewhill.... it got passed and now goes to the senate.
Yes, fairvewhill, the re-authorization of the Cole amendment is something to watch.
Hmmmm, okay, thanks for your thoughts. I tend to disagree. If they can do it in Colorado it can happen in California, grow the industry that is.
I wonder if ACBFF has plans to distribute or grow in California after the first of the year when recreational MJ will become legal here? The population of CA is equal to all of Canada and the market will be comparable in just one state as to all of Canada. Thoughts?