RE:RE:Watching the MMJ Sectormaritimedreamer wrote: Digger..... can you maybe explain a little more? How do you know the shorts are covering again? What or where do you look to see that? From my understanding short data is only semi-monthly.... unless you have access to a tool many don't?
I watch level 2 and time and sales on all the companies in the whole Canadian MMJ sector. Seeing all the Anon's, Jitneys, Instinet's, Merrill's all doing big buying the past few trading sessions leads me to believe the shorts are all over the buy side. When I see this constant pattern form of these institutions hitting the ask buying up to a certain point.. then sell it down on light volume it leads me to believe these are shorts covering their position. If you know how they play their game then it's easier to spot it while its happening.
It's actually very interesting to watch and highly educational if your into that sort of thing!
What really amazes me is how they all form the same patterns on the charts with the tier 2 companies lagging behind by minutes.
I'm not saying this is true bottom yet.. but to me it sure is appearing so. A strong close today in the green will confirm this for me!
Cheers