@$$ kicking and tough few days but it'll come backHang tight for those of you who have longs like me. It really hurts believe me. Especially when I made an entry and re-entry at certain pricepoints recently which i believed were low points only to see rates that we have not seen since Decemeber.
Remember when Canopy got to $22 and then fell to $15ish? we all groaned that this was a terrible move. Then it rose slowly and had a significant growth for $44. Then it fell again to the $34 range as I had predicted it would yesterday. Some people are taking their profits and others are coming in trying to build more support at the lower levels. A pullback was coming in the whole sector. Consolidation was anticipated. What we complaining about now is the amount of pullback we are seeing. I do strongly believe this entire sector will explode and we will look back at this an laugh.
HOLD YOUR LONG POSITIONS. Those who are here for short gains good job on your profits but you'll wish you had gone long like us. People had said the same about giants like Facebook, Google, Microsoft, Apple etc that they'll never see major stock gains because the sector is new and unpredictable...look at where they are now. shut up and sit tight. We should have a more stable monday as things cool off from the heat and then we will be back on a tear. JULY 1st is only months away. Amazing entry points for those who haven't entered the market and worried they missed out. Hop on now and enjoy the ride. Yes it'll have ups and downs but the end result will be worth it.