GREY:IVITF - Post by User
Comment by
display_nameon Feb 07, 2019 4:33pm
228 Views
Post# 29334666
RE:What's going on
RE:What's going onLots of upward pressure because of the NASDAQ uplisting (plenty of bulls trying to accumulate now on the assumption any price you see on the YSX will be cheap by comparisson, think TLRY breakout)
Lots of downward pressure because of the 5:1 reverse (agressive short target being 0.80/share to force reverse split ratio revision; forced revision of the split would be extremely bearish)
CGC is deciding whether to settle into a downwards continuation wedge right now or consolidate sideways and they tend to pull the whole sector up or down with them so that doesn't help.
We're either gonna double up or get halved very shortly. Sit tight.