RE:WAKE THE F UP PEOPLECouldn't agree with you more Rebel. What has changed since the $12.96:
- Has Canopy's Income Statement improved (there might have been a sales increase due to panic, but not sustainable, they have kept the 23 Tokyo Smoke stores closed, expenses have decreased due to layoffs)
- Has their Balance Sheet improved (cash burn still going on, some decreases due to layoffs, but all their fixed costs still there, don't forget the $500-700 million impairment CEO Klein stated)
The stock market is now in bull territory after being in bear territory a few trading days ago and yet the economy is in the dumps and will be for at least 2 more quarters.
This is all due to the algos and bots. The next market correction will be worse than the one we just had and it's going to happen very soon. I will wait to buy Canopy on the next major dip. GLTA
Rebels65 wrote: On Mar 16. the low was $12.96
10 Days later the high was $22,77......... That's a 76% increase in 10 days on NO NEWS...
SERIOUSLY ARE TRADERS THAT DUMB to fall for this shiiiite