TimMcCracken wrote: Birdsplitter wrote: There are many new longs here to do the heavy lifting, some of us from a long time ago carried for a long while.
Just imagine billions and billions of revenue from all over all over the world and Canada "could" be be ready for prohibition as early as 4/20.
Keep your party dresses on because it's just beginning. Still way under valued. We should be around $7bn right now. EXAS is that with a ton of debt 1 time patients growing like a snail.. maybe we should be closer to $10bn based on the near future.. hang in to your hat
Congrats to the Longs!!
Whether you like birdsplitter or not (as I noticed he gets a lot of 1 stars) from a macro view he understands how the market works.
I wanted to repost something I posted on October 12th when the share price was $13.59 the day Cannacord downgraded us.
As some of you may know I enjoy Jim Cramer’s nightly shows, this is from August 10th when Canopy’s price was $8.82 and we were getting attacked by Colin’s and many others.
Listen to Jim’s words below; (he was a hedge fund manager at Goldman Sachs for 14 years)
he says “years and years ago when Karen Cramer was running the trading desk, Karen who had no formal training whatsoever, did not go to Harvard business school, was not a computer scientist from Stanford or whatever, told me something really important, she said sometimes you need the discipline to hold on to the stocks of great companies. The hardest money to make was the kind of money made when the big time hedge fund managers came on tv and told you sell or short companies that were about to have fabulous runs”
Jim says “she would put it to me right in my face and say, you listen to those rich people who come on air and tell you everything is too expensive. You know what? They’ve already made their money. We’ve got to find winners and stick with them. Stop listening to others and start listening to yourself. If these stocks go higher and you let them scare you out of them, you know what should happen you should be fired. Bottom line listen to yourself. Do your own work but understand it takes a ton of discipline and conviction to own a Facebook or amazon or Apple through these runs and you aren’t an idiot if you do”.
Anyways longs congrats to all you that held on for this run!!
Whether you decide to sell or hold just make sure it’s what YOU really want. Don’t get caught up in listing to any clowns.
Cheers,
Tim