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KCSA Psychedelics Investor Conference (ENVB, FTRP)

April 27, 2022 @ 8:00 am - 5:00 pm

This sector is a “hot” sector this year. Innovations and studies on psychedelics are publicized constantly, and traders react with a lot of energy when they hear something they perceive as significant. This event is likely to highlight positive and exciting data from ENVB and FTRP, but it is unknown if the data presented will be “new information” or information that is already public but perhaps not widely known.

If implied volatility is any measure as to how volatile the event can make these tickers, then we are in for a volatile runup period and reaction to the event.

Based on how involved the psychedelic investor community is on social media (Stocktwtis, Reddit, WSB, etc), the runup period is likely to be publicized and could result in elevated prices leading up to the actual event. Many traders may view this as a “buy the rumor, sell the news,” where the “rumor” period is the weeks leading up to the event, when traders are speculating about what these companies could possibly say! The “news” is the moments immediately after the presentation, where the market faces the reality of what the companies truly did actually present. If traders had overly positive expectations prior to the event, even good news could cause a short term selloff.

More experienced investors, with knowledge of these two companies beyond the simple fact that they have a presentation, would have a leg up on knowing whether the runup period, or the actual news period is more likely to lead overstated gains.

Details

Date:
April 27, 2022
Time:
8:00 am - 5:00 pm