Supreme Cannabis Company Inc. (The) T.FIRE

RE:Why the volume?

[Aurum1983]

It's certainly not day traders or reddit...just search reddit and you will see it's fizzled out. Better for us as I don't think pump and dump will do us any good. 

If you at the charts for the last 30 days, you'll see that after we topped out on Feb 10 there is receding sell volume from .42 down to .35 today. This is likely a combination of profit taking and those with paper hands who bought higher. More the former than the latter I'd say since the ER was actually stellar. It's only logical that with excellent news and a good outlook people would be more willing to hold than to register a loss. I think we will stablize back at .40 - .44 which is the support before the profit-taking, which hopefully will end soon.

https://schrts.co/zCcFrCae

Then there is also the possibilty of MMCrap selling shares that they recently received or shorting shares to hedge their $36.5M convertibles at 11%. There is also the distinct possibility that some suitors are accumulating shares for a takeover - they would need 66.6% with board approval. I am most worried about this.

MMCrap is just a tool and necessary evil that will phase out eventually as the company churns out higher EBITDA. JMHO

KnifeMaker (12)

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February 16, 2021 - 02:12 PM

93 Reads

Post# 32575284

Why the volume?

I am curious why we still have such a high volime of shares moving. it wasn't that long ago that a million share day was the norm with many days less than that. Now even with almost no price movement we are regularly trading over 20 million. Or is it simply the day traders rolling over the same shares repeatedly?
Any toughts.
Thanks
Knifemaker