Post by
Masterbuilder on Feb 26, 2022 6:59pm
Dipping your toe in hot water
I have worked as an Advisor in a top 3 brokerage so I know a little bit about trading. I have been waiting patiently for a good time to dip my toe into the cannabis space. I believe that one piece of good news will cause a massive jump in the WEED stock price thanks to short sellers who have piled into this and several of the better names. Thank you! The market is fickle and will turn on a dime just like it did with gold and oil that were both in the ditch not too long ago. What attracts me to WEED is the corporate backer. Constellation Brands is one of the smartest and most successful brand-building companies in the world. Chances are you have never looked at their website to understand how they view disruption and innovation. They have 5 of the 7 seats on the board. Their Jan 6/2022 presentation included optimism on the cannabis space despite the write-downs and losses they have booked (about $624M). They are sitting tight. Looking out, they have warrants exercisable in Nov 2023 that will let them take the whole company for 20% on their initial dollars, or drive a merger. So... WEED is looking its absolute worst at these $ price levels and in the end there will only be a few major cannabis companies standing in Canada. Plus, you have continual, albeit slow, USA state by state legislation occurring. Dump on this story all you want. Listen to the "always late" brokerage analysts who have hit the downgrade buttons. To me... the stage is set for something big. I will never predict the $ bottom on this ugly chart, but anything in the $8 range is worth my attention despite all the hot water.
Comment by
Starsearcher80 on Feb 26, 2022 7:38pm
Despite disagreeing, thank you for your great post.
Comment by
Invinciblone on Feb 26, 2022 9:12pm
despite you adding nothing, I disagree with you disagreeing