RE:RE:RE:ACB, CURA, TGOD: All down over 6%: Lucky Canopy? StarS, I think you got it right that investors nerve is not out of the woods for sure. Imagine that last 7/8 months, every price point we thought this was it, couldn't go down any further but it did, there was no stopping.
Remember that $48 thing? It was like a foundation, thought, no way it would go below that, did not hold. Then $40, $30, even $20, did not hold. Timewise, it was not only days, it was weeks, months, kept falling. Many of us actually, went through it. It was quite a journey. So if some investors nerve is not out of the woods, I don't blame them.
I am actually happy to see your confidence that you think the stock is actually out of the woods. The reason I am happy is that you used to be one of the most strong critic of Canopy's valuation and the stock price for a very long time. Now if you really think the current valuation is appropriate and the current stock price is reasonable and it is out of the woods, i take it seriously (and I would like to think that it's your objective opinion, not because of your current position). I think you're objective!
At the back of my mind, I think the same too. Hope you're right! Let's continue challenging our thoughts and assumptions for a greater good. Thanks
Starsearcher80 wrote: Not out of the woods? I would say we definitely ARE out of the woods. Up over 30% the past week?? I'll take that any week!! The only thing not "out of the woods" is investor nerves. Fair enough. Looks have been badly tortured for some time now. A little residual skittishness is understandable, but not necessarily based in the current positive realities.