Post by
quinlash on Apr 17, 2024 12:47pm
RE:Mighty Q
Lousie,
Canopy Growth (nor any other company) sets the trading price of their own shares, this is set by the market. Investors and traders buy and sell throughout the day, week, month and in fact through the entire life of the Company.
Investors who find undervalued companies and opt to pick up some shares then hold onto them tend to do better over the long-term than those who opt to jump in and out etc. Younger and less experienced investors may like to think that once they buy shares the stock price is required to go up, however it is not.
You can purchase anything from a car to a house and later find the exact same thing selling cheaper at another time. This DOES NOT mean you didn't get a good deal however it does mean that someone opted to sell for a lower price.
The harsh reality of the stockmarket is that Shares and Money are traded each and everyday. Those who opt to take some amount of profit while they have it "win" (for the sake of a better word). Those who opt to take a loss "lose" (again, for the sake of a better word).
For every "BIG WINNER" there has to be a whole bunch of "Losers" in order to fund that "BIG WIN".
The easiest thing to do on the market is to trade at a loss, it's done constantly throughout the market. In order to "Win" you need to pick carefully, have patience in the event of a pull back and then have a target price where you will do a partial exit (at a profit) or a complete exit.
Referring to me as "Mighty" just becuase I hold long and can withstand the frustrustions of daily price swings is a bit over the top if you ask me. I had planned to hold onto my Cannabis Investments until (at least) the US Legalizes, this has been disclosed countless times. Those who opt to take losses provide me openings to add to my own position(s).
Know it or not, you grease the wheels of the process and enable me to build a stronger position for (what I speculate) will be a notable gain down the road.
Thanks for selling Short.
Q