RE:RE:RE:Shorts up.Yeah, as goes CGC so goes stocks like CRON. I was lucky enough to make a few hundred in CRON over the last 2 days, but I can't sleep at night with a long term position in CGC or CRON and put all the money into SNNVF. Feel much safer here.
Benedictus wrote: Agreed. As an off topic point: during this news vacuum, the one to watch is actually Canopy. They are the sector leader and WS darling, sporting a ridiculous valuation along with a massive triangle pattern setup on the p&f chart. If the big hedge fund managers begin piling back in on the short side expecting the C wave down chart pattern to play out, (a la elliot wave theory) then the smaller players (i.e. snn) will follow the leader. snn valuation is very cheap but the low float obviously makes it vulnerable to wild swings until the actualized revs are released and construction completed. Of course if the triangle pattern breaks up, then the sector could follow canopy higher. Always good to stay agnostic on how chart patterns break but I certainly sleep better with snn than I would if i owned canopy. Just food for thought and all imo.
https://shortdata.ca/stock/WEED.TO/
https://www.stockcharts.com/freecharts/pnf.php?c=WEED.TO,P