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Tiger Money

05/01/24 6:28 AM

#15531 RE: nssrr5 #15529

CGC could easily run to $50-100
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sweet crude

05/01/24 8:13 AM

#15533 RE: nssrr5 #15529

TLRY will move faster like CGC higher it goes

CGC low float is what made it move like that.

Also, it's like a space rocket lifting off from Earth. The first few thousand feet burns the most fuel to lift rocket, but then it gets easier the higher it goes. That is how lower price stocks work as more float gets eaten up, and TLRY will see large retail and then fund accumulation over next few days and weeks. That will start to see price move faster as we go up.

Plus 10% move up at $10 (1.00) is much larger than 10% move up at $2.00 (0.20)

Once this breaks above 2.50 strike price those option holders will need to panic cover and take out more of the float.

Keep eye on news out of Washington