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Been watching for the last month...nice movement today
Yes that is the ticker for this group, OGI. My post mentioned Tilray because it drives the market as do others. Hopefully it comes back soon. GLTA
Looks like Tilray just found their new low at 13.90. My guess is day traders will rebound the market to make their income.
New low support at 3.26 today...looking at4.30.
Nice day today...busted through previous 2.90 high, now looking at 3.20.
Entire sector down save Apria probably because of EFTs following Tilray's drop. When the big guns devalue their shares for buyouts it hurts us. Earnings manana may tell...
RSI hits well below 30 on 60 minute chart the day before earnings. Shorts all in or does the sector know something's up?
When is the earnings date?
So the sector has been following the daily RSI and since OGI has not reached the 30 point yet we could still see a drop until the recovery. We are only seeing the retail market and with institutions coming in, banking laws possibly changing, day trading and the ETFs, it can be a long wait for the sporadic high. GLTA
Great news! We knew that the big players were going to come in, congratulations to all who held out through the shorting and sell offs.
Trading halted at 8:40 today last ask was 5.17
CGC bottoming out now at 26.48...looking for a reversal sectorwide.
I agree, the ramp up of Canopy before the earnings report made some money for the smart traders and destroyed the clueless longs. It has pulled the whole sector down again with the shorts and we will see where this market is headed.
Looks like the shorts are in...happens every time an OTC gets to the big exchange.
Most cannabis stocks are up today and I suspect will continue with the new year to improve. Anyone have info on how the ETFs are affecting the market?
Pot stocks are coming back, CGC was up 16%, ACB 7%...all of the stocks on ETFs are improving. Where is Vivo...any plan to come back to life?
Sector coming back to life?
This unfortunately is what America capitalist terrorism has become. There are plenty of pharmaceutical companies, banks and daytraders to drive these stocks into the ground. Unless regulation is enacted to protect investors this is what we will see: the casino gulag state.
No I can't find the link, but don't have an agenda to make something up like that. One of the owners disclosed in a interview he was bullish on American and Bearish on Canadian not long after the IPO. But don't believe me it really doesn't matter. It is important to know how much of the stock is being shorted or just an industry pullback.
Do you have information on acutal short transactions? Curaleaf CEO said he would actively short OGI but truth is the whole sector is pulling back.
Support at 4.15 hmmm...buy now?
Yes that's obvious. The only money to be made is daytrading which means you don't have to care about the value of the stock. So you don't see when it will actually get back up to where it was for a while?
Schwab was up the whole time and I could see the volume and continual lows. We all know most MJ stocks are overvalued and being corrected and summer is slow period. You all may have data on CURLF shoring OGI and gold is up and people leaving the markets. When ACB and APHA went on the big boards their SP never recovered. When do you see this company rewarding those of us that have stuck it out?
Great new lows! I'm sure you all are excited about picking up cheap shares. In the meantime if you are long you are just getting played while the rest of the sector is up.
Looks like shorting in these indexes...can anyone verify?
So this thing has caved to .05...impressive.
Hopefully. The hedgefund hyenas have a lot of funny money to play with
Looks like entire market is being shorted and now they're trying to buy below 5.84. Short sellers should dry up soon.
Any support at 6.04? Shorting at 9% and hard to borrow, do you wait to buy on this cascade or do you want it?
Shorts all dried up now. https://www.veracast.com/webcasts/opco/consumer2019/28108187766.cfm
Trading suspended until July 2nd...any news about this?
The train to pennyland is going through the tunnel of share options which are expiring in October.
https://www.supreme.ca/wp-content/uploads/2019/05/Supreme_Cannabis_March-31_2019_MDA.pdf
US Hedge fund shorting Canadian cannabis
https://www.bloomberg.com/news/articles/2019-05-08/cannabis-hedge-fund-aims-to-go-long-u-s-stocks-short-canada
Cool Oats, thanks for the clarification...we all want to see double digits here.
Thanks, BillG. I have noticed stocks falling once they hit the big boards like Aurora, Lyft IPO, etc. Tuesday will be a day to remember...
Blissco shareholders will be dumping...find the bottom...
I think it's a winner too, just wonder when to get back in...