RE:Friday’s Earnings Expectations Sound ciphering Grein, but wouldn't worry about the change to Fri, as it is before the open so it shouldn't spell any trouble, will know soon enough...even a fair to good report should be decent with the upside potential of this stock as the US assets are brought on board.
In any case it is time to see more from stateside assets from here on...the status of legal cannabis remains up in the air with the Biden crud still at the helm and will continue their attempt to collapse the economy until they are brought in line. Plenty happening tomorrow and here's hoping Klein knocks it out of the park. JMHO...Opt
Greindur wrote: Full disclosure.....I'm holding long with a five figure position and don't expect a significant uptick any time soon
As I've been stating for a considerable time that I see Canopy trading in the $6.00-$16.00 range until mid 2024.
WRT tomorrow's earnings, I just don't see it. When you study the true metrics and environment, the only educated short term conclusion is poor or flat ( but I just do not see that )
I sold some of my position just before the closing bell and expect a red vertical south line at the opening bell. I will gladly buy back and increase my position...Very easy trading actually.
One of the questions I'm left scratching my head at is why Friday ? I've never been interested in release dates of any Company but why has it been moved up and on a Friday. Interesting stuff
Finally....for all those that think I'm bashing, I'm not. I'm just a realist.
So if your long....no worries. Canopy will bounce back but IMO it's just not now. I strongly believe that mid 2024 is when things soar for the MJ sector and Canopy Growth.
Good luck tomorrow and happy trading
G