GREY:FLOOF - Post by User
Post by
Bobowskion Jan 18, 2020 2:55pm
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Post# 30569280
FONE/FLOOF
FONE/FLOOFShares shorted for the 15 day period ended Dec 31 increased to 1.1 million from .35 million, an increase of .65 million. This means the shorts are driving the price down, not that there is anything wrong with F1. Some good news should drive the shorts to cover and along with normal long buying should produce a nice bump up in the stock price. Unfortunately the shorts (big investment companies such as banks and hedge funds) have the entire cannabis sector by the throat and are not allowing the cannabis stock prices to go up. As good news comes out for Q1 and Q2 the shorts will relent and the longs will return resulting in a new bull market. Not to mention, there will be talk of federal cannabis legalization during the presidential campaign this summer which will add fuel to the coming bull market in the cannabis sector. The Dems have already passed the SAFE Act and the MORE Act. Now is the time to be buying to enjoy the ride much like 2018 and Q1 2019. We will just have to put up with the volatility as the summer approaches.