Ghostinthedark wrote: You also understand fully!!!
Before you buy, conduct a "DD," a f**king due dilengence.
How?
1.Look at a candlestick chart. Is the stock in an uptrend? Downtrend? Range? If you are buying and holding, you don't buy in an 8 month low.
You wait until the stock shows a range on the monthly or an uptrend on the daily and monthly time frames.
2. Understand the basics of technical indicators, like a moving average. If the stock is trading below a moving average, perhaps a weekly or monthly, you don't buy, because the trend is downward.
3. Understand the basics of fubdamentals---EPS!!!!
4. Read the articles by the analysts---not one, but a few, like Zacks, Yahoo Finance, Motley, investing, morningstar.... What is the consensus??? Buy? Sell? Hold?
5. What's the market sentiment???
Well, all pot stocks are being shorted. TGOD. Hexo. LAbs. All-time lows. ACB--was it 8 to 1 split, still trading at $1.... after 12 months
WEED...stock is the same price as 12 months ago!!! WTF. Meanwhile, the S&P500...are at record highs.. WTF
6. What is the company saying??? Well, TLRy wants to buy more conpanies, which means issuing stock, which means share delution, and price drop, below $16...
Look at Weed/Canopy.. What was said today??? Restructuring and profitability in another 16 months????
That is just guessing!!
How about legalization in the USA??? 24 months, perhaps???
What I am showing you, briefly explaining is how to conduct a due diligence.
Honestly, after 3 of pot legalization, the sector has been a huge disappointment!!
And there is no reason why Canopy won't fall below $19.4....
And in my opinion, today's news was a used-car sales pitch.
The stock can easily drop to $15...$12...
whatever...
holding Weed now is like playing blackjack at casnio. I have OGI right now, going long at $3.20---2,000 shares.
Best of the bunch!! Don't believe me??? Conduct your due diligence!!
The stock is up 100% in 12 months. So, if you took your $20 a share last year and bought OGI instead at $1.3... a share, you'd have a good profit.
Meanwhile, Weed is at the same price as 12 months ago, with many bagholders!!!
CONDUCT A Due Diligence!!! Always.
Never listen to all the pumpers on the boards when they state an opinion without any facts.
At the very least, the poster should have a link to the reputable website where he/she got the news.