Superman swing, announced de list to OTC. Cutting now to put into other trades.
Weed stock purchased for Biden rule change, cut losses
Entry comments: Swing trade, SPAC looking to buy cannibis company
Exit comments: tired of waiting.
Entered pre deal and decided to exit due to the fact that as a pure weed play they will have to de list from the major index and that could cause substantial price drop
B/20/10.55 B/20/10.20 S/40/9.91
SUPER TRADE. Thesis change for this one/bad acquisition. Needed to cut losses.
SPAC bad news acquisition of 4 OTC companies and will switch to OTC after the sale, stock tanked
-$ was happy to hold on to this but just had to make a play to take advantage of the oversold market. GNRS worked out and protected me against the volatility but in hindsight cash would have been much better. A good lesson learnt in a market that looks as though it will present opportunities on a regular...Bring on 2021!
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