starsearcher40 wrote:You're absolutely right Moose. For almost 2 years I clearly said how much money could be (easily) made on this stock. And I was right. If you can't grasp that there are easier places to NOW make money in the mj space, then stay married to WEED. Again, I'm here to make money. Period. If I think I can make it somewhere else in the mj space quicker, there I will be. 
GoldenMoose wrote:
you were the biggest cheerleader of WEED for over 2 years. Constantly pumping this stock and talking about how high this could potentially go. I like most have lost total respect for you. Canopy has only grown stronger since you have sold your position and now you are trying to explain to us that this is overvalued to bring it down. Moose

 


With all due respect SS40 not really. 

One thing about me is I have a good memory. 

You showed up here in July of 2016 which was shortly before the TSX uplist. It is likely you got in around $2.90 - $3.20. 

You stayed in and sold in early November just before the craziness. I recall around November 10ish, 2016 when the stock was around $9.30. 

You said you gained enough and there were opportunities else where such as Bombardier. 

This was the week before the blow off of @ $17.86

I believe you re-entered around the $10.40 level in late November of 2016. 

It would seem based on your posts you held in the spring of 2017 as the stock briefly hit lows of $6.57. 

You then held held until the $18 range in late November before liquidating your position and citing a fear in global market due to over extended run. 

For this example I will use $10,000 to illustrate two scenarios;

Trading example:

July 2016 bought $10,000 worth at $2.90 = 3,448 shares 
November 2016 sold 3,448 shares @ $9.30 = $32,066 

Late November 2016 bought $32,066 worth at $10.40 = 3,084 shares 
Late November 2017 sold 3,084 shares @ $18 = $55,512

Performance : $55,512 - $10,000 = $45,512 / $10,000 = 455% 

Investing example: 

July 2016 bought $10,000 worth at 2.90 = 3,448
todays price @ $32.60 * 3,448 = $112,405

Performance : $112,405 - $10,000 = $102,405 / $10,000 = 1,024%

The trading performance of 455% is excellent and especially given the short period of time. However, in this example investors have been winning. For an investor to match the 455% gain the share price would have to retrace to $16.10. 

$16.10 - $2.90 = $13.20 / $2.90 = 455% 

One thing that is unaccounted for is the use of your capital well you were out of CGC. If you were able to return more than 569% on other opportunities then you are winning. However, I find that unlikely.  

I completely understand the traders perspective as the number one goal is to protect captital, take gains, cut losses right away, and never turn a trade into an investment. However, I take exception to you saying you were right all along. 

If you cannot recall this I suggest you reference you stockhouse history, as it is all there. 

I am all for hearing about other opportunities, however it bothers me when no one uses any calculated examples with regards to market cap, projected future sales, future earnings, current capacity, funded capacity, current and future markets.

Please feel free to show us some math any time, we will be all ears.