MNK3240 wrote: Good point. It says when the elephant is down, the ants bite it too. It's not for you, it's a general comment for Canopy. Canopy and its investors deserve this kind of comment now. Canopy is in such a shape now, anything goes, whether the prediction of sp going down to 10s or for bulls, sp's going to $200, it's kind of anybody's guess now.
I normally, don't mock longs or shorts, bulls or bears. For me everyone has a point and pretty much everyone is right one way or the other and it all depends on perspective.
I always think of two companies one is Shopify and the other one is Valiant Pharma. Shopify was trading at about $170 in even Jan 2019 and in a span of few months, it's trading over $470 still incurring losses. Why is going like this, it's becuase of its ever increasing revenue and business model despite losses. On the other hand, Valiant Pharma was trading over $350 and within a span of few months, it fell to 20/30s again similar thing due to overspending, loans/liabilities, etc. and finally disappered (i.e., had to change name).
As for Canopy, it looks ugly now, actually, honestly, it's been going on since last Oct 2018 other than a few big bumps here and there. I guess, for longs, the hope is that it's doing all big things like shopify (may not be a good idea to compare) and if edibles incl. beverages get some big traction due to STZ's supply chain, it may hit billion dollars revenue soon and once that happens, the sp may skyrocket like Shopify in a span of few months, you never know. But it is possible as you predicted that the edibles and beverages may not fly as expected and sp may go to the earth, possible, no denial.
I am long and have resonably large position (sorry if it sounds bragging) but I am not one of those pumping or dumping type, I am very much hopeful but I often criticize as well.
I read and value comments that are more critical and negative to see if there are things that we should know and be careful about. I do not put anyone on ignore list.
Anyway, everyone predicts something and based on that they do their investment decisions, sometimes we are successful, sometimes we are not. Thanks
Thepopeisdope wrote: MNK3240 wrote: Under $30 before turning it around, that will be truly shameful for Canopy and for us.
Didn’t really expect it to come down to low 30s even couple of months before. Stock market is a funny place, anything is possible.
Everyone got caught up with all the hype...remember we all were going to be rich just with dried products..same thing going on with edibles...js