Origin House (fka ORHOF)

[CornellEngineer]

Well, fellow former CannaRoyalters...I'm not too crazy about the new name and we lost the cool rocket-looking logo...

http://originhouse.com/

But I guess I can live with it as long as Origin House makes us all some $$$.

Despite getting dragged down today along with all the other pot stocks I'm still liking the chart from a TA standpoint...as long as it doesn't break down through the 20-day moving average that it has bounced off twice before in the last month and then proceeded to rapidly shoot right back to the upper Bollinger band. This'll be the 3rd time it's done it if it can hold in this strong headwind.

Interesting piece of news today...2 of my favorite MJ stocks are now in the top 3 for short interest ratio. OrganiGram has about 1/3 of its total available trading shares shorted and the number of shorted shares in CannaRoyalty, err, I mean Origin House (ugh on that name) is also now at about 1/3...almost doubling in just the last 2 weeks of September alone...

https://www.fool.com/investing/2018/10/21/heres-which-marijuana-stocks-investors-are-betting.aspx

We need that stock price to hold fairly firm right here and then bounce back up off that moving average to confirm we're back on track and that it's time to load up a little before a good old-fashioned short squeeze.

As for CannaRoyalty, there's something to be said for being the largest distributor in the largest cannabis market in the world. The company could expand into neighboring Nevada as well, which itself claims a significant marijuana market. CannaRoyalty isn't flying as much under the radar as it was earlier this year, but it doesn't seem to be as much at risk of a meltdown as some other marijuana stocks.

The stocks of MedMen, Organigram, and CannaRoyalty could certainly drop. Short-sellers could rake in some profits over the short run. Over the long run, though, these probably aren't the top marijuana stocks to bet against.

I like it when shorts squeal. Make it so, OH.