RE:short is the best betActually this is what I first posted. I called a short SWING trade, but I guess you have no clue what a swing trade is anyways. A swing trade is a trade you hold for a short period of time less than 2 weeks, could be a day but usally less than 2 weeks.
I can find the other post where I called mid 50s as the cover and reentry price if tyou want. Shall I bring up my post when WEED was at 42 and I told all of you to MAX your margin accounts out. Ill find that one if you want as well.
I trade long short and with options, and so far im batting 100% on all my WEED predictions. Where the fu!@! were you In june 2016 when I was on stock twits telling people to buy WEED at 3.
Fu!!!!! no where near Canopy. in June 2016
BlameOG wrote:
I get it no one here wants to hear anything negative but we have a rising share price and lower volume. This in stocks is called divergence and it usually indicates that the market is losing steam.
In all honesty I think this is a greqat short entry point for a swing trade. Volume is falling and share price rising is bad news. Look back at all the times this stock has dropped suddenly and you will see the correlation.
trust me on this one today is a cash out your longs position and make a short. Make money going UP then make money going down then make money going back up again. personally i think long is great but today is the sell long and go short.
Dont hate because I think long is still way to go but there will be a correction this week and cashing out som eprofits and making more on the way down is the way to go.
Look at the 4 year chart every time weed had a huge run up then kept rising on lower volume it tanked. Charts do not lie this is clearly a temporary short right now. I still like the long trade bu ttoday is cash out short and then rebuy after we find support.