RE:Weed haltedmichelleb33 wrote:
whats the odds when weed unhalts off of good news that the sector will get a boost. We need it . And i heard about this delay last week. Why are people selling now?
After looking over charts last few years ,I think this halt was almost planned . WEED loves cooking shorts over weekends. Just look at the constellation deal . Every year since inception of this industry at the end of Feb /beginning of March the sector gets a pop . Probably from RSP contributions. A few weak hands selling now , a few traders looking to get out and buy back. The majority of this drop is just due to market makers shorting the whole industry as it ran to fast to hard in Dec and beginning of Jan.That was probably fueled by TFSA contributions. They'll claim it's for liquidity reasons but there's not even a real delay yet .. Just another excuse to short . IMO