InvestorsHub Logo
Followers 3
Posts 262
Boards Moderated 0
Alias Born 10/18/2018

Re: ztockings post# 264

Thursday, 11/01/2018 5:14:33 PM

Thursday, November 01, 2018 5:14:33 PM

Post# of 1951
REAL nice move today that kinda came outta the blue on no news. If my charts are right today's final closing price was the highest one ever...the all-time intraday high is $7.00 on October 16th when many other pot stocks also set all-time highs right before the crash. Also, today's big runup came on the single highest trading volume day ever for the OTC side of this stock...over 1.1 million shares. Up big on big volume is usually bullish.

Since most of the Canadian-based stocks also posted decent gains I can only surmise that what happened today might not be so much big money rotation out of Canadian-based MJ stocks and into US-based ones but instead may be new money coming in which would also be very encouraging in the intermediate to long-term. As of a few weeks ago this was the 3rd highest shorted stock in the marijuana sector...

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

May not be for long if it still is! The shorts may have screwed the pooch on this one. Some of today's action may have been due to short covering, I dunno. We'll have to keep an eye on the short interest...that sounds like a good job for John...LOL.

Origin House dominating the West Coast and iAnthus/MPX kicking butt on the East Coast would definitely work for me.

Join the InvestorsHub Community

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.