RE:AND SO IT GOES.......Got to love morons Who start to claim how smart they are in the first 15 minutes of trading. As of the writing of this post canopy is up $0.92 Which is a little over three and a half percent. You are right though Starcrapper It is only Tuesday. Wait till you see what canopy does to you on Friday! This post is not a recommendation to buy or sell and makes no inference on where the stock price is going today, as it is not important because we all know where it's going in 5 years. it is merely a post to point out Starcrappers BS.
Starsearcher80 wrote: Yep, now in the $24's. Who'da thunk it??
As I said, this stock is now on the avoid list, and will have a distinct absence of buyers this week for sure, and depending on the news week, perhaps beyond this week.
With this lack of buying, all that is left is sellers tripping over each other, at progressively lower prices. With the earnings not until Friday, I would expect this pattern to continue. Yesterday I said "It's only Monday", suggesting that there would be a signifcant drop. There was. I'll say it again now. Today is only Tuesday.
To suggest holding now is some brilliant move, or "you're in it for the long haul", are just newbie mistakes or false rationalization. Right now it is the full on equivalent to standing on the tracks, the train is coming right towards you, and the best you can say is "hey, look at the pretty lights!"
Some of you think I'm being tough on you. Honestly, no tougher than I am on myself on a daily basis. And if you thihk I'm tough, take a look what the market is doing to your account balance. Now THAT is where the real tough lessons come from.