Cannabis stocks surge to new highs as Reddit crowd turns attention to pot

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Interest from retail investors appeared to lift cannabis stocks broadly higher on Wednesday. — via TheGrowthOp

The forum has become a must-watch for traders at financial institutions since concerted action by some of its 8 million participants proved enough to force deep losses in a handful of short-selling hedge funds in January.

“I don’t think the retail punter story goes away overnight,” said Mirabaud sales trader Mark Taylor. “I am really only watching the price action and trying to make sense of it all.”

 

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