They called it rotation. I'm still not completely convinced. Don't you normally have to sell something to rotate?
The cannabis company is now putting its focus on premium products since the value side fell apart.
To see the immediate selling in the stock on the off chance Hindenburg's report could possibly be on SPAQ is downright scary.
The shares have been correcting since July.
When markets move lower, price action reveals names that institutions are reluctant to sell.
I cannot invest in the name. Now, trading is different. If one were to try a swing trade or speculate, I am not getting in the way.
Let's see if this is just another head fake, or the real thing, like that of my personal fave A-Treat.
This should go down as one of the great turnaround plays of 2020.
There's one level that would determine my trading strategy.
A potentially attractive trade idea based on past observations on Citron long calls.