RE:RE:Shorts are gonna need a better boatIt's been lively.
It's understandable how/why the Canopy casino creates such a trade frenzy in both directions.
I continue to take advantage of oversold conditions and short-selling overkill knowing that the
s/p will always eventually rocket based on short-covering amid market speculation.
I'm very disappointed with Canopy Insiders who do nothing to support their long-standing shareholders in terms of buying open shares at these prices. It's understandable that shorters will take full advantage of the continual dilution cycle. I take advantage of the short-selling greed but I'm still unwilling to hold long term in this volatile, unpredictable sector.
I did some profit taking today and intend to buy the dips in this sector. I trade a few other weed stocks as well but I'm particularly interested in the Canopy-US story and potential turnaround for the longer term. Might just be the dark horse after all.
Good luck to you and the patient longs. Best to look forward, stay savvy and protect your gains.
Hold some/trade some is best bet for now.