RE:Chartguys likes WEED, then ACB
Has anyone noticed that ChartGuys have 75K followers on YouTube which consists mostly of US traders? No wonder these stocks are so volatile! I've noticed a clear correlation between their coverage of sectors and activity. For example, they swtich between crypto US trading to Canadian MJ bringing along not only MJ traders but also crypto traders.
This is a huge swarn of traders! Whether you are long or short, ignoring that swarm can be catastrophic to one's equity in these stock.
Right now, if you are short MJ, expect pure hell !
75K traders? Imagine just half those traders with just $5K of trading power on average, that's over $150M of trading power. They just happened to have focused on WEED and ACB today, the two clear market gainers in this space. Today.