RE:RE:RE:Short squeeze picking up steamCommonCentsforDollars wrote: short position is the largest I have ever seen on this stock. It is crazy, a whole lot of covering needs to happen! Hard to read right now which way she is going in the short term. Longer term a whole lot of up.
Maybe super long term.
Sectors usually get hot for a week or two and then cool off...Just like this sector currently is
As I stated 2 days ago when I sold, fundamentals have NOT changed whatsoever.
Pot is not legal yet
They haven't added to their customer base by the market share that it gained during the past week(s)
It was due to settle.
Best bet is to take your chances and move to the next hot sector, it could be 4-6 months before this sector heats up again, while you could be making 15% a week elsewhere.
Do as you please, but you guys with your wild predictions are starting to sound a lot like the YFI board.
I love how people use share price over market cap, because it makes no sense.
$15 share price with how many shares out? It takes a long time for a company to prove it's a billion dollar business.
These things don't move in a straight line - get in, get out...Best way to play the venture.