RE:RE:Chart is very ugly, closest daily support Agreed Yo but you the answered your quandary...this is no Tweed from back in the day, there is real strength in this company today. For one example, I assume Martha inked a pretty nice deal with CGC because she knows that this sector and this company are the hottest tickets on the planet today and both will win large...along with those that own.
The markets are correcting and this sector is budding, with WEED ready to come full circle and their fair share of the spoils....the report out ina few weeks is going to shed a lot more light on a very preliminary compilation of info, but that info is coming with plenty of depth, history and expertise to turn all those assets into the best the aggregate possible going forward. Trading a little pin money ya, but the SP is going up huge and sooner rather than later. JMHO...Opt
YodaLayhehoo wrote:
Agreed the chart looks ugly as hell. I bought in this morning around $25 thinking we'd get a bounce today and got burned luckily I sold for a loss when $25 didn't hold. The stock is heavily manipulated to the downside. It will bounce one day but I don't feel it's anytime soon. I could be wrong but it doesn't look or feel like it. There's a few things to think about here as well. They have to raise money sooner or later. I saw in the early days of Tweed when they had to raise money the stock always tanked hard for weeks before hand. Either the news was out and the insiders were selling or the banks had to bring it down to a valuation that thet were able to shop the deal to institutions. On top of that no matter what constellation says they'd like to buy the rest of Canopy before they can enter the US. Their interests are not with the investors. They'd love to get this under their holding company on the cheap. That's all speculation but worth taking note of.