GREY:IVITF - Post by User
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MoneyTalks7on Oct 23, 2018 7:11am
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Heavy Shorting and Sector Consolidation
Heavy Shorting and Sector Consolidation Last Friday, Gene was headed for a major bull breakthrough when the stock was heavily shorted. That coupled with negative market conditions and negative media news throughout the weekend, we saw turmoil in the mj sector.
The media has a great influence how the mj sector plays, example ---Andrew Scheer, PC leader wanting to de-legalize marijuana has a huge impact on investors.
Understand your charts, understand how the markets work, but most important keep tabs on media news.