Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Supreme Cannabis Company Inc. (The) > Protect from Shorts - Set a Sell Limit of $100
View:
Post by Cannabiznas on Apr 21, 2020 8:45am

Protect from Shorts - Set a Sell Limit of $100

Well I tied up about 100K shares doing this on Friday, maximum time you can put this order in is 3 months so I did that.


If everyone with a decent amount of shares does this it can help reduce the shorts.

Comment by johnale on Apr 21, 2020 10:23am
shorts up another 500k shares..... wow. i thought it was difficult to short a .30 cent stock.  TO be fair - shorts are up across all pot stocks.   im sure the borrow cost is burning a hole in their pocket... wouldn't take much to get a squeeze at this point. but your going to need to see some materially good info.  Symbol Issue Name Shares  ...more  
Comment by Method on Apr 21, 2020 10:30am
What is the borrow cost these days? The 20%+ current yield on the debentures probably helps offset. It's difficult to short usually because its hard to secure good borrow plus you have to short a lot of shares on a 30 cent stock to get a meaningful notional short. Shorts are probably up across all pot stocks because they all need equity. Ironically, it will be these shorts that will be the ...more  
Comment by Vulcan on Apr 21, 2020 10:34am
stting the sell limits high would hurt the shorts but as it stands ive never seen it work. people are just too lazy to do it or feel their shares wont matter.. it will only work if the masses do it.. never seen it make a dif. sad to say.. ive done it but if doesn't matter.. jmho cheers ..stay safe
Comment by brentkosta on Apr 21, 2020 10:52am
This post has been removed in accordance with Community Policy
Comment by johnale on Apr 21, 2020 11:17am
and this is why people want shorting banned.  Cron and canopy have their shorts up - but they don't need money?  it's all a game - and given covid shorts just doubled down - despite the demand and sales increases in March.  you would need one serious buyer to put a squeeze on this stock. it would double with ease.  seems like shorts just keep doubling down to ...more  
Comment by Vulcan on Apr 21, 2020 11:28am
i fully agree with you on shorts....they have their bashing techniques.. twisting truths and out right lying.. its sad they get away with it.. they put in false bids and buys to create panick.. then pull the bids.. one thing i have been encouraging for yrs.. is for investors to post positives. research the company.. the market and post positives with backing or substance.. doesnt matter if its ...more  
Comment by brentkosta on Apr 21, 2020 11:58am
This post has been removed in accordance with Community Policy
Comment by maritimedreamer on Apr 21, 2020 11:51am
this honestly shocked me.... but then again should i be shocked about anything these days in the MJ world.  Certainly looks to be trying to maintain this price level...... accumulation time? been hovering at the SP for a little while now...... pretty tight band..... we need some more news! 
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse