Post by
scarlet1967 on Feb 11, 2021 3:39pm
The powerful retail investors
I sold my entire position of Aphria few days ago then the Reddit folks targeted Tilray with short interest near %50, these two companies are supposed to merge and as per their agreement the name of the new company will be Tilray and each Aphria shareholder get some 0.84 percent of the new company's shares.
Therefore both companies SPs have been moving in the same direction since the announcement of deal.
Both companies SP almost doubled in matter of two or three days and now both are down heavily as the Reddit folks moved on.
Now of course we don't want that to happen to THTX but my point is nowadays the retail segment seems to overpower the institutions.
Comment by
FredTheVoice on Feb 11, 2021 3:54pm
Scarlet, you just explained much better than I did a couple days ago how market is now modified since a couple of months, and the movement seems profond, and we havent seen the last of it..... We are at the beggining of that new era.... Lets see when it smashes on THERA.... FTV.
Comment by
scarlet1967 on Feb 11, 2021 4:24pm
Actually Tilray short interest is %20 last time I checked it was near %50 last month. So the Reddit folks first covered their shorts and then targeted the company to force a short Squeeze?! Will be interesting to see what the short numbers are next. Clever but almost criminal but powerful...
Comment by
Bucknelly21 on Feb 11, 2021 4:29pm
That's right jfm trusts the company but sold and bought back lol