RE:$1.50 before the 15th?Here are my thoughts: After such a sharp correction, the market is a little cautious. However there is a TON of money sitting on the sidelines hoping to be deployed at the bottom, and that money is starting to wonder if the bottom is already in. Canadian cannabis stocks in particular have attracted a lot of attention internationally, so there are even more eyes on us, hoping to get the best possible deal. Very soon, I expect to see a feeding frenzy and a sharp rally upward for CBW.
When we were sitting near $3, I kicked myself for not buying more at these levels, and now we've all been given a second chance. Be thankful, be smart, and don't waste this opportunity. I bought more today and will continue buying more if we are lucky enough to see lower prices yet.
Just my thoughts. Good luck all.
xchange wrote: Canopy reporting earnings on the 14th and warrants expire on the 15th. I have an open order to double my position at $1.65 but i think given the downward trend since the recovery from the major dropoff I feel like I may be able to get in closer to $1.50. Thoughts?