$SNDL Inc (SNDL.US)$
I suspect that this was shorted, they figured the retail investors would spook and sell off, and they would either buy back very low or crush Sundial entirely. Investors didn't flee, plus I'm guessing institutional investors averaged down. Continued support around $1.13 likely meant the shorts are slowly buying their way back out. I may be artistic so who knows...
I suspect that this was shorted, they figured the retail investors would spook and sell off, and they would either buy back very low or crush Sundial entirely. Investors didn't flee, plus I'm guessing institutional investors averaged down. Continued support around $1.13 likely meant the shorts are slowly buying their way back out. I may be artistic so who knows...
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$Cinemark (CNK.US)$
AMC almost collapsed while Cinemark had enough cash to get through COVID on their own. The AMC theater in my town shut down for being completely awful; meanwhile, Cinemark has always been clean, well run, and competitively priced. Why is AMC beating Cinemark right now? I must be missing something...
AMC almost collapsed while Cinemark had enough cash to get through COVID on their own. The AMC theater in my town shut down for being completely awful; meanwhile, Cinemark has always been clean, well run, and competitively priced. Why is AMC beating Cinemark right now? I must be missing something...
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