RE:Canopy Growth to TSX 60CGC up $1.27 after hours.
skyplt wrote: I think today makes more sense now.
Institutional investors likely saw this coming and knew they would have to buy CGC or WEED to balance any index funds. So they stream out the FUD and downgrades and the retail investors act on the news we were fed.
The sector followed CGC down today. I expect CGC will have to pop tomorrow as the index funds bring in their required percentage of stock.
We are so at the wrong end of this game.