RE:RE:RE:RE:RE:RE:RE:RE:A MUST watch (Kevin O'Leary)I don't think I am better than anyone else, I am merely diversifying the opinions on this board. But I have beaten the odds. I made 200% extra last year from primarily trading CGC and very small amounts of ACB. So yes, look at the 1 year chart!
As for your next point though, believe me I don't claim to be any good in other markets I tried that in January/February. It didn't work out. For one I didn't know technicals, but it is much more than that.
Like you rightly say Brent, technicals are bullsh1t. However, properly contextualizing moves within the sector/company and using technicals to compliment your entries & exits does work well when you are correct. Obviously no guarantees but you got to constantly consider the risk/rewards.
For example, right now we are presented with a unique opportunity. The stock won't jump back up to 7.50 any time soon, I am sorry for those who believe that, but with the election coming up there is too much uncertainty in the market and CGC is already overbought imo, as well as the institutional shorters are clearly confident in their aggression. Best case scenario is a consolidation in the mid-5.00s. However, IF TRUMP WINS, I think there will be a market sell off and people holding CGC bags waiting for the end of November will drop those bags, and I will pick them up with both hands.
Consider the risk/reward for that plan. The downside is much lower than the downside of holding if you agree that CGC won't return to 7.00 range. Overall, we have a stock filled with emotional buying and selling from retail, calculated price drops from institutions, and much vulnerability given that the share price is floating on speculation, more so since July. I'd be dumb not to go for this plan. I could potentially pick up an extra10,000-15,000 shares in the $4.00s and high $3.00s. Now price those shares at $10 and that single move could make 100k-150k in the long run.
brentkosta wrote: DeltaVega wrote: Falcon called the drop last week but Greed blocked out the message. Keep up good work. Back in at 4.50 by Friday. Cheers.
FalconM wrote: How long does beginners luck last? Over a year?
brentkosta wrote: QueenNerfertiti wrote: You've become really dilusional, Falcon. I'm not going to dig through your post piece by piece, but I'll briefly say this.
1) PT's mean absolutely nothing.
2) "Institutional investors" is not one thing. There are many different investing banks with different rules and tolerances and horizons. They come in sizes, something like the investment we've seen to date. Most of the very earliest investors in CGC and other LP's have very few dollars; the type of people that will throw a few hundred dollars into a napkin idea. Very high risk with seemingly endless reward potential. The next wave waited until the companies had some credibility, some movement and growth within the sector. That is us, we came here when there was still relatively high risk, and very high reward as well. Next is the people that will come after legislation - much less risk, much less reward - but they have bigger dollars. Finally the investors that will wait for recreational revenues to kick in and then buy into the stock, this will be the biggest money.
Something like how every car company waited to see if Tesla will fail before dumping billions into the idea. Once something is tried and true, money will flood in like a tsunami.
3) You mention SP's of $9 or $10, is that a once in a lifetime opportunity? Riding a penny stock from $2 to $10 in 6 years? I've seen stocks climb in that range THIS year without retracing. We are talking about a macroeconomical change that is taking place in the world at large. These companies will have market caps in the SEVERAL BILLIONS before being bought out.
I'm not quite able to put my finger on where your problem lies, but you really are missing the scope of the potential here. You seem to be very skilled with your TA and able to time the market near-flawlessly. That's great, maybe day trading will make you a fortune in your lifetime.
I'm not fixated on the stock price at all. I didn't buy the TICKER, I bought the company. This company is growing month over month more than 10%. Demand is increasing all over the planet medically and recreationally. Just think, if you were CEO of this company, or any other leading producer, would you even consider selling out right now?
Patient INVESTORS will be rewarded several hundred percent as this company continues to grow.
Pretty high praise of a guy who hasnt seen a chart or even invested in a stock before pot stocks came to market.
As I said Falcon, before you preach your "holier than thou" attitude. Try trading something besides Canadian pot stocks. Look at the 1 year chart on every LP lmfao. Until you can turn a profit on the big boards, you are riding the wave, like the rest of us. I do give you credit for selling though. You were disciplined enough to do it. Not many can say the same.