RE:RE:RE:Today This has nothing to do with the shorts. The markets are selling off. That's it. It was due time and it will only get worse. Right now insiders and smart money are dumping eveything in the markets. Wait till the retail catches on then you will start seeing those 1000 points drop. As for SCR, there is one last play left, legalization, for people to get out.
Don't read ahead if you can't stomach the truth. To be honest this was never a fundamental play, it was a momentum play. No way SCR is worth $27 USD when it only has less than 1% of the US gambling markets. If they did not do the split it would have been easier to support the share price. But then they would not be able to list on nasdaq. Everything was just rushed too fast. Now there are way too many shares at a high price that US investors have no understanding about or care about. They don't care about legalization in Canada when they have draft king and penn. Canadian investors don't want to pay $50 after split and hence no real support for the share price. Anyways these are all my opinion. That's why I always take things one day at a time. I feel SCR is very close to the bottom. Not a bad trade under $25 with a stop loss at $23. However if the markets keep tanking nothing will matter. Cheers all. Keep those stop losses.