Bounce, Pass, or Short Game?Interesting developments for the sector over the last couple of days. I haven't been big on the sector in general, but the selloff of the last few days has garnered my attention, so I'll ask...
Is it time for a bounce, or would it be a good idea to pass? Not much giong on since the effort to tag-on the SAFE act to the NDDA bill failed. Now there's talk of last minute tag-along efforts with the federal budget omnibus bill. Not being familiar with U.S. legislation, what are the odds of this being an option before December 16th? Is there even enough time?
Other things of interest include the break out of the Canadian operations, and some speculation on whether STZ might be buying WEED/CGC. There's often this type of talk after a stock takes a hit, but it does pique my interest given the recent break out of the Canadian operations, and STZ's current stake in the company 35% I believe + a couple more points with the convertible notes that STZ holds.
Last but not least, is it a good short at this point, or has the easy money been made already?
TIA for opinions.