RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Any chance for recovery.MagicBeans wrote: Well you know when I see someone posting under more than one name and suddenly become bearish on a company when that same person has been in the recent past very bullish, I bite my tongue and just talk about the stock and company anyhow. You are Whiterock1234567 too are you not? And others?
My returns are outstanding but that is not the point.
I don't divulge my every move or strategy but what I do, is be consistent on what I say about a company whether invested or not invested. I am not going to take the time through your posting history to display what I have noticed and the inconsistencies. It seems to me you are confused yourself on the best tact to take on this stock because often market timers are going to run into some bad trades along with the good ones. I dont' buy and hold forever with no up or down in the portfolio but each stock is different and each investor different so its best not to give advice, especially when one has no clue who they are talking too. Any good advice would come from someone who knows you and your investment tolerances.
My understanding of your posts is you would like this price to drop and have taken a negative slant to the same information that was available before like the inventory numbers from the Seeking Alpha articles. Allan explained how they are treated in the comments section but you keep tossing that out there. The cash burn was high when you were posting how this is the kind of stock you hold for many years. You sold your entire position very early and naturally would like in at a possibly lower price. If that price comes about, you can be sure I also will be buying as I have through each downturn.
The buy on this stock is because of what is to come.
No, I am not whiterock. I only have this one ID logged on through google. Or you may be thinking I have some connection with NativeGal. No, I do not know her either.
I have not hold cgc for long time. I have hold bedrocan for a long time and after the rollover, most of the time, I was in green. One of the reason I sold cgc very early was because I do not fully trust cgc's management(I have never liked them). Another reason was because it has reached my target(more than 50% gain). Most of my this year's return comes from this bedrocan then cgc holding.
I am trading cgc based on technical analysis right now because fundamentally, it is not a good stock to invest till it offsets some of my concerns. But it is good trading stock because it appears on media and also it has lot of believers. It attracts lot of day traders and short sellers. I only short this stock once for just a few hours.
Overall speaking, for a very long term(3~5) years, my view for cgc is bullish(as long as the management learn how to keep the cash). For short term, before earning, my view is bearish. After earning, I have to see. My mid term(half year to 2 years) on this stock depends on the earning and also the time frame for legalization.
Overall speaking, I have a very conflicted views on cgc right now. That is the reason why I do not want to hold it for too long time, neither do I want to short for over night.
I donot know how and why others turned bullish or bearish. For me, when I saw the price dropped to near 2.05 and there was a bullish singal, I turned bullish immediately. When I saw it reach 2.65 but could not go higher, I turned bearish. Most of time in my trading, I am right. This year, I only lost three trades. All others are in great shape. These are all short term trades. Not for investment. To me, the long term investment is very difficult. I rarely had long term successful investment. The returns all suck. Since I started trading, my return has significently improved.
As for the purpose of my posts, I am not hoping for the price to drop then I will get in. I am almost certain the price will drop because this is how the stock market works. I do not see any bullish singals telling me to buy but I saw so many overheated heads on this forum buying. I feel sorry for them. I just want them to lose less if possible. Lot of people do not believe in TA, I did not either about 10 years ago. But I do know. Because this is how the big guys are playing their cards. Sometime, TA did not work. But this "sometime" can be explained by the good news or insiders information. But if the share price is not impacted by the news or insider information, it will go through its course no matter what we are doing here.
It sounds conflicting. yes, I knew if the earning is not good, the share price could slide further under 2$ but why I bought the bounce? Because I saw the resistance and also, I saw the short sellers final wrap up before pull out, so I bought. Then I saw the bearish singal on hourly chart (head-shoulders) so I sold. And now, do you think I will take another chance to buy this stock before earning? No. Because it is only a few days away and I do not see where can I exit. FA will prevail the TA in about few days so I will stay on the side line now.
One note, if before the earning, there is a very large volume, then it means some insiders know some good news and it will be safe to jump in.