I find blair anoying ...at mostlast time he opened his mouth stock went down, he does it again
https://news.lift.co/blair-says-july-1-2018-date-for-legalization-highly-speculative/
so on one hand there is a lot of noise for the first time about cannabis on regular normal radio, paper and tv which is very good for the up trend
then blair again
so I think it will go up then back down (but everything happening the best thing to do is just sit back, relax and watch the show)
for canopy still waiting for news on:
1- increase in 'normal' media on the subject cannabis
2- Germany (first canopy will sell from canada then built over there using dundee $$$)
3- Australia
4- actual, factual and official legalization news from the government
5- USA ETF on cannabis
6- legislation (exact word and the 4 plant thinggy, pretty certain it will only be allowed for medical and obviously not for recreational, but talks about it will bring a down trend)
7- first dividend (I am pretty certain canopy wants to be the first to give steady dividends, that is why they have done the deal with dundee as not to have to spend cash on expansion and real estate compare to all the others LP who will be scrounging for every penny)
8- war chest: 130-150 millions or so in the bank account...hmm and they don't need it for expension, real estate, or even to buy another LP.......what will they do with all that cash???? waiting for news on that,
but of all of it I still think it's the media coverage (combined with all the other news) that will actually push the price of shares up in a 'permanent' up trend. The reason we has such dumps on good news (sell on news) is no one is there to pick up the loose shares and it goes down down down. I think this is about to change. Now that the 'normal' media is picking up the story...a greater % of the population will say: yup I want some of that. The first share they will buy is Canopy then the rest will follow.
so... buy, hold, repeat is what I'm saying