RE:RE:RE:RE:RE:That Gap...Well I hesitated at $3.50, then hesitated through the 40's and 30's. I finally sold at 2.28 so I have't missed out on any pennies as of yet. Worst case I'll buy back in around $2.25 if it continues to creep up. We all know CGC has been news driven. You are right that there could be a surprise announcement at any time that could hurt me. But I know the next major milestone isn't until Allard; which means likely a slow drift. I think Germany had very little do with this last run. I was give 90% of the credit to the TSX listing.
You know I'm as bullish on CGC as you are. But I've adapted to be a little more realistic with the trends and tendencies. My original position was 30k shares and if I fill this time I'll be up to 50k shares. Adding 5-10 thousand here and there from predictable patterns has paid off. There will definitely be a point where I stop playing the game and just throw my investment on autopilot. But with official rec still a year away I will continue to play the swings. Although I am getting very close to beings hands off now. 50k share was my goal long ago.
CdnStockGirl wrote: In that case Sean, unfortunately you held too long and then subsequently hesitated too long to get back in....missing out on many, many pennies. You might want to cut your losses - worth it to be in because you just never knew. Germany deal and TSX caught a lot of people off guard... I suspect there will be a lot more of that happening from Canopy, the industry and Federal Government.
Good luck :-)
Seanigan wrote: It depends how many shares you're working with. For some people a few pennies doesn't mean a lot. But if I can make $500 on every penny it started to make sense to lock in profits here and there. The trick is not getting greedy. I wish I followed Brent's move and sold. I hesitated... Then spent the rest of the day hesitating and questioning whether I hesitated too long to finally pull the trigger and sell hahaha. Retrospect is always 20/20.
I have my buy order in at 2.95
Hope she hits next week sometime otherwise I'll be buying in the week after at any price before the lead up to Allard.
1ItchyDoji wrote: I agree, right now (for me) I believe it's better to have your money in COMA than out! A few cents here or there is not gonna make a difference as we approch August 24, and Rec legislation a few months after that!