RE:RE:RE:RE:Level 2 Before the BellI agree Market Shark,
Nothing is life is guaranteed. However EMH is setting itself up to become a large scale low cost producer of Cannabis for both the medical and upcoming recreational markets.
What I saw today was some profit taking for our resent rise by the penny flippers, and shorts doing their best to keep the price down. Looking at level 2 today it looks like our friends at TD did most of the selling.
We are listed as a having one of the largest short positions on the Venture.
https://shortdata.ca/largest-short-positions/ This provides a tremendous opportunity for the longs to take advantage of the dips and games to add additional shares to their portfolios. One of three things will eventually happen.
1) The shorts will load up with sufficient shares. Typically then the share price will correct.
2) News or market interest will move the price quicker and the shorts will be forced to cover position. This often results in a rapid price rise.
3) The hidden truth will come to light on why we are being shorted (more financing, a merger, or take over). Some event where keeping the price down benefits another party.
Today’s news was very good and should clearly demonstrate the direction EHM is focused. I have no interest in EMH being the biggest producer of low cost Cannabis for sale in the recreational market.
What I see is EMH becoming market dominant as a low cost producer of specialized Cannabis for use as medicine and the huge edible and oil markets. As I believe this is real the profits will be.
In the coming days when we get off the Venture and on the TSX the games will slow and our profits will rise!
GLTA