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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

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

Bullboard Posts
Comment by MrGhostTraderon Dec 19, 2017 8:23am
66 Views
Post# 27185051

RE:Upside Chart Break

RE:Upside Chart Breakhavent you posted this garbage already once?
nobody cares about your notepad copy paste texts. 

starsearcher40 wrote: Well there's no doubt WEED is trading strongly.  The news yesterday certainly helped, but I think in the afternoon we started to see anticipation buying of a major upside chart break that has significant potential to vault the stock higher still, at this point.

As for myself, trading the heck out of the stock at this point.  I'm up about 2/3 of what I would have made had I just sat on the stock with a full position.  Does that bug me?  Not at all!  It's all best personal decisions made in real time, and if I had a "do-over", I would have played it just the same.

If you're in the market long enough (and for me, that's decades now), you develop a set of rules for different scenarios. And you apply those rules, flawlessly.  Generally speaking, it's the newbie who has rules that only last as long as the trade win goes.  To explain further, when the trade goes against them, they adapt the rules so they don't have to admit the mistake!  Typically, this has a trading position turning into a longterm position.

The rules that you ultimately develop (if you want to survive over time in this game) are there for a very good reason.  Over time, they keep you alive.  Does that mean that you always win to your maximum potential?  Hell no!  Case in point.  The easier money so far in WEED would have been the hold from $18.50ish to $20.62 . But that's hindsight, which is irrelevant. I could show you 10 other applications of the rules where it ultimately saved my bacon.

So for myself, with my own set of rules which have served me very well over time, I'll continue currently to trade the stock as the opportunity presents itself. 2/3 of the same win, with the "downside risk protection factor" that I need ain't to shabby.  Although right now It's a hell of a lot more work I'll tell you!   

Congrats to all those who have profited from WEED, however that profit has come to you.


Bullboard Posts