RE:RE:RE:RE:RE:RE:Institutional & Fund OwnershipAy, one of the things I am looking forward to also - increased Inst. & Funds ownership once this is fully legal in Canada.
And even more jumping in 2H of 2019 when Canopy finally hits true profitability.
Off topic - Elon Musky thinking of taking Tesla private at $420 share price... lol 420
That cheeky little ... everyone wants a piece of the pot pie!
skyplt wrote: I am not so sure I agree. I do believe there is some manipulation here, pretty easy when the shares are going in lots of 100 and 200. Sell 5000 shares at market and it swings the price 50 cents. Buy 10000 back while retail is panicking. It is actually kind of interesting to watch. The bottom line is institutional investor percentage is increasing (albeit marginally) which means the tactic is working. That being said, I believe the biggest impediment to institutions buying in big is rec is illegal to 17 Oct and an entity simply cannot speculate on what is (only technically I know) an illegal venture (until Oct 17).
WRT next week...I am gritting my teeth and holding on. Ontario has not even published their orders yet, regardless of how it will be sold. Imagine the stock swing should a significant loss be followed with a 100K kg announcement and x many retail stores. It’s going to be bipolar! I am trying to look over this until 2019.
I will be gobsmacked if a loss is NOT reported...but wonders never cease. Maybe Bruce will announce they are going private at 420 dollars a share or Trump will Tweet that he has decided MJ is legal if all taxes earned from it go toward building a wall. Seriously, it will be all about the forward looking statements made during the conference call. Then there is the little issue of a split.
Point is, Canopy is a solid company with the best management team in the sector and they are unbelievably well prepared for legalization in Canada. I’ll persevere the potential short term dip next Tuesday. I actually intend on keeping some of my shares (held in TFSA) to 100. Nobody can accuse me of flipping:-)
INVSTIGAT0R wrote:
They will only work off low volume to drive it down , because that is the cheapest way to manipulate the share price while accumulating. They'll let it run this fall when volume picks up and setiment is very positive. They'll start selling at the top and begin accumulating once we enter consolidation again in November.