RE:RE:RE:RE:RE:Finally, back in. Feels good. :)This will be my last post debating with you on this. I don't want to waste the boards time with our differences. I posted what I did so any newer board readers who aren't familiar with you know that your posts are self serving. BTW, I have had no fear or anger. I bought this stock with a long term plan. Unlike your plan mine had been very successful. Good luck to you sir. To your credit I enjoy your TA. That's about it though
starsearcher40 wrote: I called it a bubble. It was a bubble. I said I have no interest in playing a bubble. I'm sure round-tripping the stock was thrilling for you, as the ride back down is equally exciting...or is that word I'm looking for... "terrifying". Perhaps take your anger issues elsewhere Bud.
BuddingInvestor wrote: LMFAO that plan was brilliant. ROFL. Yeah missing the run to the 70's was brilliant. Check your ego at the door. Man up and admit you were wrong wrong wrong
starsearcher40 wrote: The plan to buy sub $30 at that time was brilliant. The stock was coming off strongly, and I was about a day from getting filled at that level. However on that day, the Constellation announcement came out, and all bets were off for sub $30 (obviously).
All decisions are made in realtime, and have to relevance to historical points. If I bought in today, it is because today I think the stock to be good value (or currently strongly undervalued), all things considered.
BuddingInvestor wrote: Last time you were around here you said that you would be buying sub 30. Would be nice to hear you admit you were wrong and that you missed the big run. At least pumper star is back. Sure beats spreading fear star
starsearcher40 wrote: Bubbles are bubbles are bubbles. And this bubble has now burst. Hopefully, people who rode the bubble up into the 70's made a ton of $$'s and sold near the top. Great play if you did!
The stock is at an interesting point. Yesterday had the characteristics of a final washout, with this morning providing further confirmation with selling on the opening and then a strong bounce. For myself, It's what I've been waiting for, and with that, have bought back in in the $42's to $44's.
The stock is still in that "shellshocked" stage. People want to believe the pain is over, but are hesitant to buy. We're at that point now, where the stock hovers. As confidence comes back in (and I think this is warranted at current levels), the buying will pour back in. From there, confidence and greed return, and the stock should be in for a significant bounce back up to somewhere in the $50's. Personally, I would bet low to mid 50's, but it could touch $60 briefly if overall market support also returns. In either case, it's a very healthy return from current levels in what will be a fairly short window.
Now what's really interesting is what Canopy will do with all that cash. Right now there's a fire sale on any number of mj companies. If expansion continues to be the game here (and I believe it will be), it makes complete sense to see some acquisitions over the coming weeks.
Sidenote: While I don't like riding bubbles up, I don't mind shorting the heck out of them at or near the top. I tried for 3 days to short in the $70plus range, and could NOT get shares to short. Now THAT was torture!
Enjoy the move back up everyone. The pain imho for now is over...and then some!