RE:Thoughts$20-25 seems overly optimistic but I truly hope you're right. If we get that massive announcement out of Germany it just may come to fruition. Good luck everyone!
starsearcher40 wrote: There was a reason I said I wasn't going to trade this stock in the 10 week period, and today is a very good example of why. News comes out, and there are people on the outside only counting the money they "could" have made.
But this is only the beginning here of what will be an extended rally for Canopy. The only other Newbie mistake people can make is count the gains, and sell based on that. Let me repeat this clearly:
IT DOES NOT MATTER THE MONEY YOU HAVE MADE OR LOST ON A GIVEN STOCK. IT ONLY MATTERS THE DIRECTION YOU BELIEVE IT WILL BE GOING.
Simply put, money made or lost is NEVER part of the buy/sell equation. If it is, you are making an emotional decision which ultimately will kill you. So to the newbies here (and we were all newbies at one time), let your profits run. There are now MULTIPLE catalysts in place that are going to propel this stock to new highs.
1) Shorts caught off guard and covering.
2) Major Funds now set to greenlight to take a position.
3) New investment pouring in based on the news coverage.
4) Removal of any overhang questioning whether it would really happen or not.
5) Germany (ok, I just had to put that in there because I think there's a major announcement coming in this same time period that will be a staggering positive to Canopy's share price)
Personally, I think this stock should now end up trading in the $20-$25 range with this news. Am I going to stick to my belief that the fastest/best way to make money during this 10 week period is to NOT trade it? Absolutely. And I should note that if I thought differently, i.e., trade it, short it, whatever the case, then I would do that in a heartbeat too. My lens is that of a hardcore trader, and here I am saying to just sit back and enjoy?? The ONLY reason I'm saying that is that it will prove to be the biggest and fasted win.