RE:RE:RE:I still love Canopy Growth...Incoherent ramblings. If you believe the US companies are better, why are you here every day posting? Dient make sense does it? You are rarely wrong but never right is a phrase that fits you like a glove.
YodaLayhehoo wrote:
The difference between amazon and canopy is the size of the market. A lot of people have been wiped out buy holding stocks which is much worse than missing some profits. To justify the price today Canopy needs to net profit over a dollar a share minimum or over 400 million in profit not sales. That is also only if they don't dilute shareholders more which is doubtful. Holding these stocks long is very stupid imo. That doesn't mean sell right now you might have to hold for years now to get your money back. The problem now is everyone is sitting in a position of just wanted to recoup some of their lost investments so the ride up is going to be much tougher than the ride down. For the bagholders here your out is American legalization and I would take full advantage of that when it comes. I honestly think the American companies are the way to play that tho the returns will be much higher imo. There's a bounce here of 10-20% here on a short cover that's why you see the traders bashing here they know it. It's the only reason I'm here. My longer positions will be in the American companies not here. I don't like their strategy. The US companies are in full expansion mode and canopy is in the selling of assets for 10's of millions less than they bought them for destroying shareholders value. Why are they doing this? Because they want to take it under STZ and they don't want the losses to effect their real stock which is STZ . Time will tell I'm rarely wrong. I've been in the market 30 years and I've seen it. They'll buy it right before anyone see real gains. Their warrants homeboy talks about are peanuts