RE:THE VOICE OF EXPERIENCECouldn't agree more Star. Haven't posted here in almost a year because it's the same old crowd pumping this stock because it should do nothing but go "to the moon". Been investing for a very long time and it's always about making money and not falling in love with a stock (when you fall in love, you lose perception and being rationale).
I was in Canopy since 2015 (through the old Bedrocan). Bought and sold a little through the years, but always maintained a healthy core position. Then sold everything from early 2019 to early last year (from $70 down to $19). Made a 7-figure profit, but never fell in love, it was about making money. Got back into it end of December (tax loss season) at $31 and sold end of Jan, begining of Feb at $48 and $53 (missed the big run up) but still made a healthy profit because you can't time the market. I sold because the RSI was indicating "overbought" and it's one of my main technical indicators. I take my profits and go elsewhere to make money and buy some actual "value stocks" that pay healthy dividends for my core investments.
Now I'm waiting for the shorts to take it down below $50 and if it gets down to around $45 and the RSI is at around 35 (and the stock market is not in a bubble), I will buy a 1/2 position. I still like (not love) this stock long term, but I'm going to make money when it pulls back and hopefully make some profit when it goes back up. I still have a full position in US based MSO's like Curaleaf because I believe they offer more stability and profit than CDN operators at this point.
Cue the outrage, the "to the moon" forever longs. Remember the Godfather quote "It's not personal, it's just business".