RE:RE:Thoughts on EarningsI just had to put that clown on ignore. I cant stand his talk when hes pumping or dumping. This was his first successful WEED trade in over a year. He lost his shirt on all his other ones. Way to scalp a few dollars STAR!
The even funnier thing is that some people call out Original Mick but will carry on a conversation with this a$$ clown.
Good luck LONGS.
pungentaroma wrote: Guess who sold his newly acquired shares? You're so transparent it's painful.
starsearcher40 wrote: Generally speaking, I try not to be in a given stock around earnings. In cases where there is anticipation built into the stock, and in Canopy there certainly is, it can be a bit of a dangerous thing, at least in the short term.
Here's why.
1) If they BEAT earnings, then there can be upside. But the question is, is there really anything that can provide an upside surprise for Canopy? I'm not convinced there is as the quantities seem fairly well known and understood. If there's a LOT of anticipation built in, then even on upside surprises, there can be occasions where the stock doesn't pop, or even moves down...sell on news. Those incidences are both frustrating and confusing for many.
2) If they MEET earnings, the stock drops, because anticipation buying wanted more.
3) If they DISAPPOINT on earnings, the stock drops a lot.
So in layman's terms, there is a 2/3rds chance of a drop on earnings (or more), and slim chance that anticipation buying will be rewarded. For myself, playing the short term, the risk/reward ratio doesn't warrant being in. Having said that, do keep in mind that these comments are irrelevant for anyone who is in the stock for the long term. All of these phenomena noted above are short-lived, and only affect the general trajectory of the stock for a few days to a week at most. They are playable, absolutely, if that's your thing.
All in, be excited that Canopy is a great company doing the right things. Short term though, caution I think is prudent.