RE:Sell off?Volume dried up at 3.00 mark despite gains in WEED, breaking positive correlation. Quite frankly I didn't see that coming, but its such an illiquid stock that a few people can make it move if they want. I notice someone trading with around 100k shares who seems to be making an impression on the stock. Interestingly, I am sure the stock lost a lot of weak hands this morning so it could still go either way, not necessarily back to mid-2.00s, but then you factor in the traders who just want to flip the bounces and potential negative momentum coming up from the sector, it makes it really hard to say. Its just one of those moments where noone can be certain. I have been bullish on this stock since the summer, so my bias is always to the upside. I am not bullish on WEED though, I think that is definitely over bought at this point and will see a major retrace very soon, so I will keep my eyes on it. There definitely seems to be a negative correlation maintained with WEED and OGI, as in when WEED tumbles so does OGI. To my dismay, that doesn't seem to work on the positive side. Thus, while I have a bullish bias I think the current short-term set up is bearish. I reckon we won't close above 3.00 today, which means we'll have something like a double top, which might be enough to pressure people to keep selling, trading bounces and shorting. I love OGI, but it can also be a ruthless b1tch. So that is why I am going to sit on it with a reasonable position, let the moving averages consolidate. We need 20 day MA above 200 and we need 50 day MA above 200. Once that support materializes I think we can do the real push to above 3.00. People seem to be way to afraid to enter this stock above 3.00 without it. Hence, we may see a short-term retrace with upcoming negative momentum from the sector and from a potential double top, but I think on the third re-test maybe sometime later in this month (as we head into November and get further word on advertisement regulations etc) we will finally break it and enter 2018 confidently in the 3.00s. Overall I am quite disappointed in today's performance. I was expecting more. I can always be wrong and maybe we jump to 3.50 within the hour. Its MJ stocks, so anything could happen.