RE:RE:RE:Aphria and Orgainigram report earning this wk coming shorts would be higher if it was easy to borrow. Pretty easy trade versus the debentures for someone who isn't as forward looking as you and opt. It definitely blows up if the stock more than quadruples. That being said there should be some time to cover it if the stock starts going higher.
johnale wrote:
I'm really interested as well. Last quarter OGI beat earnings and the whole sector had a massive jump.
At the least - maybe there will be some tidbits on the massive sales in March - which could propel the sector upwards.
If you look at the shorts across the sector - even at these low levels, there is a huge amount of shares being held short. Across all companies. call it corona or some bankruptcy risks to aurora and hexo. But still.
heck even fire has 11.7 mil shares held short? Sub .30 cents. That seems crazy to me. Due diligence has left the station and now they keep throwing the short bc it worked for the last 12 mths.....
Crazy how the euphoria runs excessively to
the upside and downside by such a margin.