The last GASP? Or Something else?Interesting synthetic and purposely fabricated rise in the shares of Canopy over the last few days, driven mostly by the company's insider's (constellation ??) and their momos. For what end, no one knows for sure. I seriously doubt this was solely done to get the company's stock price into compliance with the exchange. Because if that's the ONLY reason, GOD help those left holding the literal "BAG" when the professional short sellers come back in droves, with a vegenance & get back control, driving it back down to the bottomless pit with fury & mal intent.
Interesting enough.........this "suspect" & fabricated rise over the past two weeks seems to be somewhat sector wide, limited for the most part to a few select major players. I doubt any meaningful legislation alterations or legalization is on the table, anytime soon. Because if that's the case, ALL the speculative junior plays would be going bananas. And they are NOT. In addition, seems this "suspect" rise is also continuing under & limited to just Aurora & Canopy. Co-incidence or not?
The puzzling Aurora connection aside, with regards to Canopy, i hope most of you folks dipping your toes in this are only doing so under the guise of day trading/swing trading for short gsins and NOT actually thinking it as a viable long term investment. Why? Because when all this crazy FOMO dies down and the musical chairs & fireworks end, many folks are gonna be caught with pants FUULY down, with no soild chairs to sit on and will be LITERALLY left holding another Canopy empty "halloween" bag.
Trick or treaT?
GLTA