The Artist Formerly Known as chiggins.
Definitely a good point. Defending recent lows will be important
Yeah, gap closed quite a bit today and I presume it may close even more tomorrow. Thing is, we don't know if it'll close by OH popping or by CL dumping. Reminds me of early September when the MMEN-Pharmacann expiry date passed and the deal looked like it was going to close.. The OH discount went from 30+% to 15%. I sold some OH in the high 8's but not enough it. Shortly after, shorts took control of CL and decided to tank the stock - from $12.50 to $7 in less than a month. It has been a nice recovery thus far but nothing too convincing yet. I am a bit worried CL sells off a bit again, but holding OH and at least having the 10% buffer is at least somewhat comforting.I think some people do think they deal will not go thru, otherwise OH would be trading at $7. (.842 x 8.31 (CL share price)
OH closed today at 6.38. Almost a 10% discount.
I think they just followed CRON. But I'm leaning more towards whale shorts covering than material news on this one. Not a bad time for them to bow out right before edibles legalizing.All of the US traded big boys are up after hours by a big chunk. Not a CRON big chunk, but solid regardless.