RE:RE:RE:As the Worm Turnsquinlash wrote: TheProphetElijah wrote: Weed has held up better than Acb, Tilray, AYR and even Trul - but let's see what happens today when Powell opens his mouth.
Higher borrowing fees places pressure on short position traders to cover (buy back) their short shares as the carry fees on the short position will increase. The shares have to come off the open market from current shareholders who can set their shares out for sale at any price they like. Short are literally under contract to buy... regardless of where the SP is.
Stop inventing stories for pumping. A clue, look at the share price fluctuation % increase or decrease for cover or short again. It is a lot lot lot more than the 3/4 or 1 point raise which is quite high for the economy that could lead the market down. The banks sector might like it.
quinfraud try to pump at any occasion. Suddenly the sector would explode because the shorters would cover.
How about the reality? As the interest rate goes up, more will quit the stock market to more conventional and secure placements. The ones who were fleeced by the cannabis companies, and even more for the ones on the Hexo forum, who followed quinfraud straytegy to buy when the price was down to lower their average. He led some naive investors from $14.00 to 0.245c, what a shame. Spend 5 minutes reading his profile from a few year's ago. He pumped many companies that all went down the drain.