RE:RE:RE:RE:RE:RE:RE:RE:predictionI honestly don't worry about canopy at all. At the end of the day no other LP will have any product to speak of a month in (mid November) so if we can grow it, it will be sold. Year two worries me but year one will be all Canopy. Just hoping to snag a little alpha here with someother names which may or may not end up being a fools game.
Buckshot26 wrote: I'm underwater at just under 35 but I would call it a qtr position. Still trying to catch the next buyout with TRST and VFF....so far they have shat the bed. I'm patient.
EdiblesRlife wrote: Yes, buck you are back. One of my favourite rational traders on this board who doesn't pretend to be a genius (Ie. Star). What's your rebuy point? Mine is $33
Buckshot26 wrote: Come on now, CB took down $200m (out of $600m) in senior convertibles which convert @$48. Not a single note trickled down to retail I'm told. Hardly call it "hot air" as these buyers would have done their due diligence. Was it over bought at that time? Yes I think so and that is why I sold, but I give those prices credibility given the senior note deal and am pretty sure we see those levels again in 2018 meaning which would represent a 38% return by year end on any purchase today.
Risk-reward works for me anyway.
starsearcher40 wrote: Edibles, I have NO interest in a stock that is running on nothing but hot air, which is exactly what WEED was anywhere from $40-49. That is undeniable. It is what it is. I prefer to hit singles, doubles and the odd triple all day long. It is what has allowed me to stay in the game for decades now. Too the moon? Ya, just ask the poor sod who bought the hype at $49.
Furthermore, you can blather on all you want. The fact is, you just rode down from $49 to the current $34.50, for a drop of 30% in a couple of weeks. And you're ok with that? Was that brilliant on your part? Ya, ok. You spread whatever rationalization b.s. you want. The fact is, you just sucked wind for 30% and didn't see it, or do anything about it. Brilliant. ;)
EdiblesRlife wrote: Star, you finally came back to this board eh. Hoping people forget how wrong you were in the past. Last time I remember you was around the time of the NYSE listing, you were talking downtrends and some other mumbo jumbo, what did we see two three weeks later? Oh ya, new all time high. Glad I didn't listen to you and sold my options when it was in the high 40's. I would've left thousands on the table if I listened to you. From what I see, 33 it high 32 would be the bottom. Not this catipulation that you are talking about. What's your bottom?
starsearcher40 wrote: Buck, I have to say, the same downside pattern remains in place. The rally off the hoped-for bottom yesterday was weak at best, and "sell the bounce" rather than "buy the dip" appears to be the continued strategy.
I still say the stock needs a full-on gut-wrenching capitulation on huge volume, to truly put in a bottom. Personally, I think that's actually preferable to the continuous grinding downtrend that the stock is currently locked into.
We'll see what comes, but currently I see no reason to buy the stock. Imho the continuing grind down and/or the capitulation will offer prices significantly lower still.
starsearcher40 wrote: Buck, I'd like to agree with you, but I can't. The drop was modest, and the volume is modest. It just doesn't look or feel like capitulation. As the stock goes through this corrective phase, there will be upside bounces along the way. Typically, this is where the newbies buy, and the pros sell the temporary top. We'll have to see here if this holds true, as it has for multiple days now.
With regard to capitulation scenarios, I would say they happen about 90% of the time when a stock is trading as WEED has. Far more often than not, it IS what happens. So, playing the (overwhelming) odds here, much as I would like to buy in, I simply can't. All the same, best wishes to those trying to pick off a bottom without the capitulation.
Buckshot26 wrote: ..the bottom is in. Not 100% sure, but I like what I'm seeing here, so if that wasn't the bottom it was close enough.