ridethepig

Selling the Cannabis Bubble (Part 2)

Короткая
ridethepig Обновлено   
NYSE:ACB   None
The pot bubble is going to burst. From the technical perspective we are pulling the trigger here after retracing 61.8% of the initial leg to the downside from the highs. For those who believe in the bearish story for the industry, now is the time to get back to work on the sell-side. More and more funds with large central books are starting to open up positions writing upside vol from here onwards. The easier play in this field is to just short the common stock with targets at the bottom of the range.

The drug although very safe does not have any reasonable medical benefits. Obviously we have the lifestyle/recreational benefit but not any obvious health benefit other than epileptic syndromes. I do think it has some analgesic properties but these have to be understood through more clinical trials and et... to put simply we need more robust toxicology and clinical understanding here before any further upside is unlocked.

Best of luck those who are already positioned on the sell side in $WEED and the others.
Комментарий:
-5.8% !!
Комментарий:
A rough day for pot stocks... -4.6% !!!
Сделка закрыта: достигнута тейк-профит цена:
First targets cleared at 4.58 ... well done all those holding shorts. A flawless -60% call so far and counting !!!!
Комментарий:
Сделка закрыта: достигнута тейк-профит цена:
Major updates from the Cannabis sector...$ACB clearing all targets at the test of 2.5, a flawless -73% swing.
Комментарий:
Headed for zero...
Комментарий:
Lol... a reverse split after threats of delisting! Complete trash...

Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.