TLRY put out an offering afterhours and cracked 150. TLRY CGC CRON all tried to close strong from shorts getting trapped and squeezed but since TLRY put out that offering, this potentially could have a red day tomorrow since the sector is overextended anyways. but i will wait for the reaction since NBEV and IGC put out multiple offerings and they squeezed even further. NBEV put in a bullish engulfing candle on the daily. IGC sold off and cracked 9 a/h. if the overall weed sector is weak tomorrow these NBEV and IGC potential shorts on red day confirms.
FRLF had a PR today on investments to help expand cbd sales and europe expansion today on a multiweek breakout above .20 on day1 while PURA HIPH and CIIX are the low priced cbd beverage plays im still watching. FRLF i sold before close since the sector is getting heavy, which ended up a good sell since TLRY offering which could influence all 3 of these plays to pullback tomorrow like PURA which is already up 2 days now. potential dips on big big panics only. HIPH i'd like more red days on this to consolidate for a potential day1 bottom bounce. CIIX had a pullack on day2 and held 1.00 psych level and daily resistance. potential dip if 1.00 can hold on a green day.
VTVT is a billionaire play which i didnt find out about the SEC filing until this morning, either way my plan in yesterdays watchlist was to short on excessive spiking on day2 regardless if it was a billionaire play or not since this long term chart is trash. potential short into weaker volume pops
SAEX recieved a $100M contract and spiked from 10 to 30's ah but came down to 14 again. i'll watch this former low float runner to see if it can get volume tomorrow on this news, and also will watch PED GBR YUMA HUSA TGC CEI for possible sympathy plays to sell into strength for profits if SAEX gets crazy and squeezes again. no play on sympathys if SAEX fails.
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