Post by
geodcan on Sep 06, 2023 4:58pm
recent Acreage purchasers
should have a smile on their faces with the recent upticks trying to stay on par with the Canopy for Acreage shareswap that is inked and supposedly in progress.
If Canopy runs, Acreage shares are in the 30c range and showing a 30% uptick and are one more way to get some Canopy shares if the shorts get squeezed which will make Canopy shares in short supply.
I can't help but remember the great Tilray Squeeze that took Tilray shares from $150 Canadian to $300 Canadian as a bunch of shorts got caught in a gamestop moment.
I am amazed at shortsellers because I never had the cajones to put unknown multiples of my investment on the line.
Plus I believe it should be outlawed because selling shares that you don't own just doesn't seem right the way I was raised.
The brokers and bankers have niched out a very lucrative angle with this shortselling which far exceeds normal commission rates for handling sales of
stock. Now they have finders fees and usury rates, some as bad as 70% for margin players plus handling fees. I'm sure they don't want to give that revenue up and the Securities watchdogs play right along with minor fines that are nowhere near the renumeration such that it is business as usual just waiting for another ignorant investor to take the bait where he can lose multiples of the initial strike price.
glta and dyodd
Comment by
charlie007 on Sep 06, 2023 8:41pm
and tilray is on its way back down to 2 dollars, makes you wonder what is holding canopy up
Comment by
quinlash on Sep 06, 2023 8:47pm
You sound like someone who wishes they bougyt back their short while it was in the money Opps