Canopy Growth Corp T.WEED

Alternate Symbol(s): T.WEED.DB | CGC

Healthcare Cannabis

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.

TSX:WEED - Post by User

Canopy Growth Corp

Bullboard Posts

Comment by FalconMon Oct 26, 2016 10:19am

147 Views

Post# 25387091

RE:RE:RE:RE:RE:Id be running far away from this sector

Shorts are always the smarter ones because amateurs don't tend to short. I don't think they will go for 4.00 right away, that'd be too aggressive. It'd only happen if they had extra confidence from a market crash or something, which is very plausible, even right now given that the SP 500 fell back down to a key support range and has been stuck in a narrow trading channel, so like I've been saying for weeks now you have to factor that in ahead of time. But lets face it, the shorts need to cover - so strategize. They will likely go for a push down in low 5.00s, trigger stop losses, then cover. Bulls will come back in and well be back to 5.50 range. But it won't be the end by any means, because I believe after they suck in all the bullish buying power again, they'll drop once more and we will have a head and shoulders formation bringing us back to 4.00.

Think about what happened. There was a big rush in anticipation of the task force that brought us from 4.00 to 5.50. This gain was entirely based on political hype and must be seen as a bubble. This was followed by the snoop dogg news. CGC lead the sector with delusional confidence. Shorts got probably got squeezed again and it just became a crazy frenzy. There was no merit to being at $7.00, especially given we were over a month away from the task force report. I can see those kind of gains on the brink of the task force news, but a month ahead of the report? We don't even know when the report is getting publicized. That is why I don't trust any of the gains above $4.00. I can see $5.50 as being a pre-task force bubble and somewhat sustainable, but if something negative comes down the pipeline the bubble will deflate. You got to factor in these risks.

brentkosta wrote:

spencerrrmac wrote: lol chill

chill? this is turned into full blown collapse lol. Im glad I only bought back in with pittances yesterday. In all honesty looks like CGC is going to $4-$4.5 by Friday. Way too much momentum on this falling knife. Watch out!