RE:RE:RE:RE:As the Worm TurnsRot has come up with good info, just backwards is all as interest rates are going up due to the Biden failures to date and with the failures and illegal practices yet to come are the only material problem that is there by design and could be corrected if the current plan was success for the country...but such is not the case.
There will probably be more more money made in the markets between now and real leadership back in the Oval...and much of that money will be made in the cannabis sector as it will be a necessary factor even if Biden was to tie to cut ties with the cartels...he is in way over his head here and he will learn from his lack of intelligence and ability to grasp the situation, but so will far too many others from the collateral damage from this coup and on many levels other than bud.
Before you try to get a handle on it all....the stockmarkets are red and dropping pretty well across the board due to the Biden experiment of failure, with the pot cos being one of the best sectors to rebound quicker than most if not all, the speculative nature of the product has been mostly quashed already due to the further study of the product along with the successes from marketplace and the folks that have come to realize the bennefit and potential of this plant known and used for centuries.
Like every industry the pot cos are going to need profit realized to start establishing a long term presence in the sector and survive the competition... from the likes of Canopy et al. The sector has arrived and besides Canopy and a few other survivors to start there will be others that make going forward. The drop in pot co SPs is because of the industry in the early stages of it's rise, because it is already a proven product there will be only bigger and better things to come for the survivors. This is the same for all sectors until they are tried and proven, of which Canopy already is. JMHO...Opt
Rotaluceps wrote: quinlash 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.