Post by
Bluechip2 on Jan 20, 2019 10:22am
INVESTOR Alert
Yes this is a very good article for anyone wanting a detailed status update and potential upon execution. Remember as well, the extraction revenue estimate of 50 million for 2019 has very little risk in it as it is based on wholesale prices, mimicking the volume of extracts produced in Q4 that was deferred to Q1 for brand release product. On a more pressing note, the SP increase on Friday was the result of a short seller squeeze. So basically, borrowed shares that have been leveraged to bet against the stock are being returned due to high probability of SP appreciation. Here is where it gets interesting, as the US stock markets are closed on Monday, short sellers of US ticker SNNVF will have to wait till Tuesday to cover their short positions. What this could mean for investors. With new investors and money coming into Sunniva SP due to this great article and other factors, coupled with continued short covering on the CSE exchange on Monday, we could see a dramatic price increase by midweek, and then a consolidation to the mid to high 5's. So a great opportunity to get in before the continued uptrend and perhaps a quick 20% gain or so. Of course this is just my personal anlysis, but I am putting it out here to help inform many retail investors who so often get burnt by these deep pocketed manipulators that we have a chance to actually take advantage of the market makers for a fleeting moment here. GLTA.
Comment by
Bluechip2 on Jan 22, 2019 9:26am
great news, this doesn't hurt at all. Should clean out the short trades https://globenewswire.com/news-release/2019/01/22/1703475/0/en/Sunniva-Secures-Additional-USD-5-0-Million-in-Purchase-Orders-for-Sunniva-Branded-Cannabis-Products-and-Announces-10-Million-Financing-to-Support-Near-Term-Growth.html
Comment by
LAMBO on Jan 28, 2019 3:30pm
WEEd.to at $67 giving pot stocks a push decent volume and in the green.. back over $5 soon
Comment by
SwingTrader149 on Feb 06, 2019 5:39pm
Sunniva is the one stock that doesn't seem to rally with the sector....too many sellers out there capitalizing on the volume. Heywood special.