RE:Nice Pop - overvalued garbage or masterplan? Cronos is way overvalued. I'm going to get torn apart on this board, but it's a simple fact. I know shorters have been burned hard on it, but it's not because they were wrong, it's because the market is being irrational with them right now. They're getting bought up by US retail investors and it's causing a short squeeze. If they go up any further then they're going to fall even harder.
Do what you're comfortable doing, but this could potenitally rise above $20 (CAD), which is insane.
schocor wrote: I hate the MJ sector and am looking for a stock to short - because I think they are all overvalued. Cronos doesn't appear to have much going on - but a monster share price. Am I missing something, or have I found my next shorting opportunity?