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Bullboard - Stock Discussion Forum Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.

TSX:FIRE - Post Discussion

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Post by Go0B3r on May 01, 2019 12:12pm

Short noise

Most of the red we’re seeing is short noise.  They are making a move to get out before earnings, which is normal before positive news.  Usually shows up with red days and bigger than current volume… However it seems people are catching on to the success of sales rates and quality from the big lean green supreme.  Looking for them to cover and soon, cause people will be piling in well before earnings ;)
Comment by maritimedreamer on May 01, 2019 12:28pm
can you expand more? how do you know its short noise? where do you go to see that? short interest has been dropping from look of it re OTC short report. (SPRWF) but cannot seem to find something that gives a daily total on canadian side....... i would appreciate giving some more meat on that bone...... 
Comment by Go0B3r on May 01, 2019 1:17pm
You won’t find the daily MD, it's the way shorting works, and the way they attack.  There's no reasons for volume to spike up over the weekly average with a big red candle other than shorting being taken place.  They don't need a huge amount of shares to short this stock, just persistence.  When weak hands get jittery they start to use weak shares as part of their dump ...more  
Comment by George141 on May 01, 2019 12:45pm
...I agree whole heartedly...I believe there are very few that control the SP...and they can flip the switch at a moment's notice. My shares are for sale at $5.50. As far as I am concerned this is the price Supreme is worth today...and chances are when we hit $5.00...I will raise it to $7.00...maintain
Comment by Fastlane2 on May 01, 2019 2:33pm
Go spread your bullshite somewhere else GoOB3r "Most of the red were seeing is short noise" daily average volume is 513,415 if this was a short covering it would be more than double, go to shortdata.ca for truths. The largest short covering was in January and the daily average of short trades on Supreme is between 21% and 28% of all trades since March, remember what I said about telling ...more  
Comment by Go0B3r on May 01, 2019 3:06pm
Touched a nerve there FastLane?  I didn't say they covered yet, and the volume today in the first two hours was almost equal to the Avg volume in the week.  So either a hand full of people woke up today on the wrong side of the bed and dumped their holdings because their significant other didn't do them right last night, or there is a move being made by someone holding many ...more  
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