Post by
Tradinghands on May 02, 2024 5:56pm
Short sellers coming back
DEA caught the market with a feverish buying spree on the day of announcement triggering stop orders set by shorters and combined with investors who bought first then asked question realized by the next day that the DEA was not legalizing recreational use only medical so the next day the flood gate opened as investors raced to the exits and it carried over till today as both TLRY and WEED found the shorts coming back because everyone realizes that these companies wont be seeing profits for years and the attention they attracted is fading as investors head over to other sectors that have recently been sold off finding deal on real companies. How I would describe as a flash in the pan or up in smoke! The media is still trying to pump this sector but you can only fool people once! Anyone pumping this bought on the "High" end.