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Re: StevenRisk post# 21063

Thursday, 02/22/2024 7:47:53 AM

Thursday, February 22, 2024 7:47:53 AM

Post# of 21300
Another way to look at the fund buying is who among their higher percentage holdings have the funds grown disenchanted with? Say that stock is 1% of the funds holdings at the start of the year (and other funds view the stock in the same way - no longer worth a larger % of their fund). That rebalancing to SHWZ could go on for some time as they try to hit the other stock's prior percentage of 1% of the fund - so continued purchases over time to get there, consistently driving the stock up. I haven't taken the time yet to see which of the cannabis stocks are declining in terms of percentage holdings this year in the funds, but if I did, that might indicate when the buying stops for a stock like SHWZ. Say Planet 13 were 1.4% of a fund at the start of the year, this year the fund soured on it, started selling it, and buying SHWZ to get SHWZ closer to Planet 13's former holding of 1.4%. Knowing which stocks are out of favor and being sold and what % was held at the start of the year could be the best way of seeing where this fund buying could end, and based on the volume to get there, what that could mean for the stock price based upon the rise we've seen so far, and extrapolate that out. Maybe too much math for my fuzzy brain, but I'm wondering if that's a potential scenario to calculate among the more elite traders here?
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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