Of ETFs and such...
What do the ETFs hold EXACTLY?
What is a swap? And why the need?
Do you think the servicing brokerage doing the swap is long or short after placing the buy side deal. Real world Question: How do you trade 6 million shares out of say Planet 13 when it only trades a small percentage of that a day? Is PLNHF illiquid? See MSOs holdings.
IMHO this isn't rocket science.
It's pretty damn obvious. It's a $ in and over (momo) basis that determines direction. This is OTC land. Over time the ETF's are ALL losing...again obviously. swaps are not actual shares held long except on an ETF's manager's ledger. What is the definition of a swap on the other side of the trade and if the stock is actually illiquid as most cannabis stocks are, what do they (the brokerages/counterparties) do to hedge their risk? C'mon y'all Jungle Java that. LOL. IMHO the MSOs is a T-Ball league facing an actual ML pitcher. And the l1H side retired...2H up...and what do we expect to change? Anything? THAT will determine the trend. I'd prefer we be off the ETF radar.
PS Doc, you are evil! I think they are a better than that, however. There are two sides to that view. Everybody gets laid on a big up over two-three Q's because the converts are then executed. Int is taxed at 50%. Not much of a win. The cap gain sh/would be worth more in the longer run.
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