RE:RE:RE:RE:RE:cgc longshot777 wrote: PotStocker wrote: jackripperIX wrote: PotStocker wrote: dongets wrote:
someone tell me what the hell is going on with cgc ??????????????????
Laundry! And it is done! If you still have your shares, just hold it. There should be a period of calmness before big up or down! Before the earning report, it will go side way.
I didn't make a lot on this stock but i sold it all when it was around 3.20$, i saw the storm coming when it was up around 3.60$ and then BOOM , 11h30 AM, that day, it started dropping like crazy. You either have two choices : DOn't look at your stock till next year or sell them all , don't think anymore. Tomorrow is friday and as we all know , its selling day ...
My thoughts 1, Right now, there are too much media coverage, so weekend is good for longs. Because they will talk to friends, families about this once in a life time opportunity. Because this steep correction, it will attract lot of new buyers. 2, Today, all the weed stock had a gap down. Usually, short sellers are reluctant to add more short position when then see gap down. Instead, they will use this chance to buyback. Tomorrow, you will see less volume with a very short period of down time. Short will use that time frame to cover all its position. No shorts would carry his short position through weekend. Without short seller, the share price will slowly recover. I might be wrong. But I think I have good chance to be right. Good luck to all.
Why didn't the stock go up? Are the Bears still here? Is the stock going to go down more? Will it go up tomorrow?
WHO CARES
I can't speak for everyone. This is my view; some might agree, some disagree.
This stock and others like it (GLH for me) will be moving up and down like a yo yo. This is a VENTURE stock. If you can't take the heat get out of the kitchen. IMHO I have looked at most of these sector stocks. I have invested in CGC and GLN based of my research and DD. After today's close I am losing in both positions. When I bought into these I did so with the mind set of losing everything. I'm not saying I invest to lose. I'm saying with these stocks anything can happen. I still think "I" will make an above average return with the investments. This is just starting. The business is evolving. Everyone is learning.
The last seven days in the market have destroyed all sectors. This happens all the time in the stock market. All reports in regards to the world economy have been negitive. Wait for the dust to settle, this cycle will end.
Ive said this over and over again. Buy and hold. At this level if you got in at 3.60 or now it doesn't matter. Think long. I honestly think this will be profitable for all within the next year.
People can bash. It's annoying, but it's ok. If you are a day trader or you got out at the high, congralulations. You made money. I'm not interested in spending my days pulling my hair out wondering what the stock will do. I'm looking at my % return in 5-10yrs. I've been investing for over 30yrs now. I can honestly say I've gone through several major crashes where everyone thinks the world going to end. At the end of the day I'm making very good returns and beating those I know that "time the market". I believe in Buffets philosophy. Buy and hold. Believe me when I tell you. IT WORKS. These stocks will have new highs very shortly. Get ready for the Santa Claus rally.
Good luck to all.......including the bashers!!!!!!
Regarding how to make money in stock market, there is no best way. The best way is your own way. Once you find the way to make you good return, then stay with it. Do not change.
Good luck