Canopy Growth Corp T.WEED

Feeling the FUD

[yp01048]

Let me start off by saying I'm not a basher by any means! I am heavily invested in cannabis stocks with my largest position being weed.I just hate seeing CGC at this price. 

I don't have all the time in the world like some investors here. I do need the funds, but will not take a loss. It just sucks so much seeing this price. 

Definitely feeling the FUD seeing this price. Despite how many posters here attribute this decline to short selling and naked shorting, I'm just not savvy enough to understand the complexities of it all. All I see is red everyday and it sucks. 

I especially like reading the reputable posters like WTN, west, homestretch etc etc. I have those other idiots on ignore. 

hoping for new ath sooner than later.

[PlantManager013]

In my opinion, it will not take "all the time in the world" - the wheels of US legalization are in motion and, even if there will not be a mandated legalization across the board, a law which allows states to make their own decisions will suffice. That is coming within the next few months and it will be a watershed moment, marking the beginning of countless deals and opening of stores

[WestCoast78]

Right here in the boat with you.  We can clearly the shorts, shorting more.  Approx 75 million shares short right now, at this pace, it'll be 80m by friday.  They are outta control, pure insanity. Depiste whatever the hired trolls say, canopy does NOT need to raise money. 2B is lots of cash Every Q the losses are decreasing $ 64m last Q. We are all for the jackpot, usa thc

[yp01048]

Thank you both for your replies. Much appreciated. I guess if anyone has the time to give me a coles note version on short selling, if 75 million are short and they have to pay interest daily from what I understand, how long can this downward spiral continue?  Aside from technical bounces and rsi levels, and in February where I suspect that run was a bit of everything: Fomo, WSB and a gamma

[PlantManager013]

I cannot help with the Technical Analysis questions - I am actually very suspicious of that type of "analysis" - it seems to be predicated on mathematics predicting people's behaviour - this is science fiction stuff - only Hary Seldon was able to achieve that, in Isaac Asimov's Foundation trilogy. What I do believe in are megatrends (yet another interesting book, but one based

[WestCoast78]

Yeppers, they pay interest, but unfortunately is pathetically minimal at .3%.  Not ideal for us.  Even last Fall it was 8 or 9%.  2019 its was 30%.  Good news is it cant get any lower.  But the thesis that they're hired agents use here, none of it has any logic behind it. We do not need to dilute to raise money.  We are not bleeding cash like a giant pig anymore.

[OptGreen]

To add, It is sector wide yp0, not that that helps with a lower SP day after day but rather it speaks to there is nothing changing for the company and their business plan, as stated in the last couple of quarterlies still applies....we need to see what Nov 9th FQ2/22 report has to offer before we are going to know where they are at post Klein taking control. Last report Klein was pretty well