RE:RE:ShortingWell Common...not quite to the bottom as you say, that is reserved for us:) Yet another head fake pre market. Sold the shares I bought at 21.70CDN the other day for 21.96 (I believe that was one of your recommendations from days gone by...just below a tidy round number). BTW, I used to play at the 100 dollar blackjack tables in Vegas. I now occasionally play at the 5 dollar tables these days whenever I am there on business. It is a lot easier to get up and walk away and go enjoy the comp tickets to Cirque de Solei. On that note, time to go outside. Good weekend to all.
CommonCentsforDollars wrote: Max Pain is $18 for today's expiry. So I expect it will be held in this zone today.
I tried playing some today expiry lotto Calls. My bid missed it and they are already cranked up 80% from the bottom from a few minutes ago. Moves so fast, hard to play.
As for Sky's comments. Don't expect short selling to go away, how else will the elites keep their grapple at the top of the mountain of life. It is sad but the reality is the rich control the whole playing field from top to bottom.
skyplt wrote: I appreciate the frustration with the shorting, but to be brutally honest, it comes with investing in a speculative sector. I own some Tilray, but not all in. It is balanced with other stocks like ENB and WCP (oil and gas are making a comeback with post pandemic opening up) that do not get shorted nearly as much. After hours trading on ENB is measured in hundreds of shares. Not a speculative play! I now maintain a better balanced portfolio and not hanging off what the likes of Anson Funds are doing. These parasites are a fact of life and will always be there to profit from the setbacks. Shorting is not going away, especially in a sector that hinges on things happening "just right" but plagued by gold chains and man buns in the C-suites. I maintain Tilray is the best of the bunch...inclusive of a viable path moving forward and a CEO that knows the importance of branding and diversification. Eventually a solid business plan and continued positive EBITA will see investors through. Until then, it is the wild west.