RE:RE:QuestionWell Bud, you could get away with saying that if it wasn't for the fact that all the major Cannabis Stocks have started trending back up again (it's been bumpy but it's there). This can all be traced back to the re-scheduling news update on Cannabis in the US. This is not just Canopy Growth seeing improving prices on the market.
I am going to take it for granted that this has a VERY high probability of actually occuring considering the people want it and the feds need it but also based on the fact that over 40 US states already have Cannabis classifed as either Medical or Rec. The Medical classification is key to the case for descheduling and (in itself) can likely be used to push the point home and get the approvals in place.
In terms of Fear and Greed. IMHO those who went short on this one should FEAR the GREED of those going Long and HOLDING LONG. As you and I both know, shorts are under contract to buy in order to cover the trade. It is also reasonable to speculate (consider the SP) that the majority of shorts are actually in the money at the moment and simple need to cover to take a profit... that means they BUY.
Research GAMESTOP GAMMA SQUEEZE. It should open your eyes as to what the possibilities are on stocks like this.
Best Regards,