The week of the short squeeze.As I've stated before, I only really started investing for myself this past august 2016. So never really followed the markets and daily action of it as closely or paid much attention to it. Over the course of the past 5 months is been crazy. Insane price surges on all MJ stocks and insane volatility. In mid November all the MJ stocks began to get hammered by shorting. From what I saw it was a multiple of reasons. Short shares, profit taking, tax loss, chrismas shopping money, etc all fell into this bracket, and was the major contributing factors. Now with the recreational bill about to hit the house of commons we are beginning to see the indicators in the upcoming weeks of everyone trying to get back in. Some have been held down longer then others like WEED. And come have already mostly recovered from the mass exodus like acb and aph. The pattern is clear and this time it's going to be even more crazy, as larger firms try and get in early now that it's not as much of a speculative move, but more of a reality. Now for what I think is going to be the first short squeeze. As of Febuary 2nd there were still 2.9 million short shares that had to buy back in. The bulk of these shares from what I can see were borrowed between $12- $13. So the closer it gets to that number, the less profit there going to make. Friday saw a big uptick late in the day as the price jumped in a big way. Up 36 cents by a late rally. If this continues in anyway on monday there all going to be forced to cover. And not everyone gets back in cheaper as is the way with all stocks. The way back up is always alot thinner then the way down. From what I've seen as a pattern. 3 days of red can usually get canceled out by 1 day of green. So what's monday going to look like? It's gonna go 2 ways really. Either way it's going to open well above the close at 10.52. Probabely opens around 10.60 to 10.65. But from there it's gonna be a wild card. Either it's going to retract back into the mid 10.30s from people selling at which point those left to cover are going to pushing the price right back up. Or its going to lift off into the high 10s or low 11s. Personally i think its going to lift but who knows. Ive been very bullish since i entered my positon at 8.98 and remain bullish until the SP enters the $12 - $14 dollar range by mid april. The current SP is still below there last PP @ 10.60. So you are still getting a discount. Remember. There are 2.9 million short shares. And the daily volume is just over a million. So unless we see a very high uptick in price it's going to take a couple days for them all to cover. Or if they cover in 1 or 2 days, it's going to push the volume over 3 million per day thus bumping the price up. Noone wants to be caught not covered before financials come out as that would be a death sentence for there bottom line. Either way. It's going to be a very interesting week / couple weeks for sure for WEED!. As a side note. Once a SP regains 60% of the shorted amount back it's considered to be a failed short attack. 12$ down to 9$ and not it's back to 10.50 which means 50% has recovered. Thus. Failed short attack and time to cover. GLTA BOB