RE:RE:RE:RE:RE:RE:RE:Interesting Post and discussion.starsearcher40 wrote: And seriously, if you held through the mid-40's THAT was a recipe for disaster, as you are now down about 30%.
You say were down 30% from the top. I say were up almost 100% from your public sell call around 18. Oh sure its easy to come back on and say you jumped aboard when you read the tea-leaves, so you never really missed a beat. But that certainly doesn't help anyone here that actually followed your advice. Just like those that listened to BrentKostka saying to sell at 3.00. Just like those that listened to Falcon that said to sell at 7. Just like those that listened to Mick that said to sell at 10. And now just like those that listened to you, and sold at 18. My story has always been the same. Buy. Hold. Accumulate on dips. Sure I've sold some along the way. Hell I sold some in the high 30's and took out some cash. Redirected to other (non mj) stocks. But that was more to do with my weighting then anything. Canopy just grew too much as a single holding and I have a tolerance level thats pretty damn high for Canopy. Lets just say it was well over 80% of my holdings. What you do not get, is Canopy is only begging to scratch the surface of their potential. You think they moved to quickly into todays valuation. I think the market finally saw what I have seen all along. A winner. A real, honest to God Global winner. You say yourself, it is in a class of its own. I know some companies that are NOT in a class of its own. Constellation Brands is one. It has a market cap of 40B. It has MANY other companies that it competes with with much larger market caps. But for the sake of argument, do I believe Canopy could be the "Constellation Brands" of MJ. Your damn right I do. Thats a good 6x bagger right there. All I have to do is wait. Could things change for Canopy? Of course. And I always have said, if the information changes I will adjust. If the execution changes I will adjust. But it hasn't. Canopy continues to execute on its first mover advantage. It continues to execute on brand awareness. It continues to single handily move the entire industry in its wake. You are the trader. You need to be right over and over and over to make the money.. I am the investor. I only need to be right once. And so far I've been right on Canopy since IPO.