RE:RE:Gapped up on ticker changeHow long does one get to borrow short stocks in general?
I doubt there will be any more significant declines until the release of the other shares. The big guys that own those held shares want to sell and sell at a higher price than what you think you will be covering at. R&D Pharma news can cause that SP boost (Thats a lot of Ganja at 7 cents a G for a multi state and multi country operator) and realisticlly you may never see those mid teens if many of those held shares choose not to sell.
buygoldbug wrote: It's the only argument you need to short. Gaps like this one ALWAYS Get filled. Once the gap is filled I'll cover my short and move on. I dont know 1 thing about this stock except that it tripled with a gap up on the most unfundemental news possible. So I took the opportunity to make easy money. So far its working . In this case the shorts are right. Dont worry once we've had our way with this stock you guys can have it back.maybe it will go up again one day