High Tide Inc (HITI)

[antonaki2]

That was for sure one crazy market day today. Every large cap cannabis name in Canada dropped like an anchor in a matter of five minutes. It looks like everyone was really leery about how fast and how high, many of the cannabis names were flying out of the gate today. With this after several days of abnormal gains everyone was ready to pull the trigger on first sign of weakness. Fears were probably high that the fed chairman who was also scheduled to speak later might say something disasterous for the markets but he turned out perfectly dovish in the end.

The dangers of selling at market were very evident today as well as triggering all the stop losses as they picked up cheap stock. These flash crashes will become more common going forward i think. I heard today that the retail investor participation in the market has now reached almost 45% of all volume. The houses though they like the participation are probably freaking at the same time because they don't have the same control of their market as they use to and many imbalances can happen in a flash.

With many big shorting institutions now leery after taking a bath on Gamestop, we could be going into a major acceleration phase in the bull market here.