PlantManager013 wrote: The viciousness of market makers, traders and shorters is incredible.
Over the last couple of years I have observed how these people will use evererything at their disposal (forums like Stockhouse, bogus investment sites such as Seeking Alpha, lowlife publications like The Motley Fool, presumed high class publications like The Globe and Mail) to create uncertainty, fear and panic.
They will lie to you in spite of clear evidence. They will tell you, look at the quarterly results, forget about the contracts which already bring in guaranteed hundreds of millions.
This is the very reason why not so many people make it as retail investors - the psychological pressure from all these media outlets is overwhelming, causing people to forget about their original plan and throw logic out the window.
Those who will make it to the finish line, passing successfully through this media circus, should be very proud of themselves - this is not an easy feat. It requires patience, mental strength, focus and confidence in one’s own instincts.
I hope to see as many as possible on the other side.
INVSTIGAT0R wrote: The fact that it will likely not create the fear that everyone in cash is hoping for could spell for a glorious day on the 15th. Everyone in cash will scramble. On the other hand if we miss the target by a bit shorts will use this as an opportunity and drive us down at the open. The question will be do we bounce higher than the previous low of $31.xx? Of course we will. The institutions that have been adding to their position will likely create a high volume bullish move around $33-$34 and it will be easy to do so as panic selling is exhausted at this stage. We're about 45 trading days away from Oct 17th so the over strat is to hold until then for swing traders and longs well past that. The fact that i've seen multiple articles along with tons of people on tboard drawing attention to the Aug 14th Q1 results release really speaks volumes. Why is everyone trying so hard to draw attention to a quarter that in reality means nothing? It is simply a share exchange from weak hands to smart money. I think by now there aren't many weak hands left. There is a spotlight on Canopy this week and while many people are trying to convince you that there will be disaster the reality is there are millions of dollars looking for a final dip entry. I'd say far more money trying to get in vs out. I'm calling it now, green by EOD on 15th.