$Sundial Growers Inc.(SNDL)$when u feel despair n confusion, turn the chart upside down. You will see the direction. People don't understand the difference of shares issued at IPO in the market and those outside the market. For valuation, you look at total number of sharesFor trading on exchanges, you look at available shares - hence option calls/puts and long/ shorting can occur.For the issuing of shares to raise money, this means the buyer sees upside from the strike price or else no rational person will buy. If the transaction is large, expect the banker to protect the buyer or else no one in the market will work with the banker again (in normal circumstances excluding black swan events) So go
$Sundial Growers Inc.(SNDL)$that is why I ask all to turn the chart upside down to see the direction...some days ago I had posted that there would be retracement then upward movement. or else the banker cannot face the option buyers (who went in at 0.89-1.10) so if u are option buyer, u see current price u can do 3 actions - nothing, buy more or curse the banker. with index down, understandable that price is affect overallwe all forget and panic when we see price down - remember for every sell down, someone is buying or else the bid/ask will gap alot. we must ask is it banker doing this to hold price Normally 1 entity cannot hold > 5% else must report to exchange. But banker can hv many hands to play or do many trades in 1 day. &nb
$Sundial Growers Inc.(SNDL)$Banker scare the weak holders. Maybe trying to flush out those holding below $1 to exit. The others above $1 are trapped and at Banker's mercy Just my thoughts....