RE:On Sept 7 we were $21.36Sell? This is the buying opportunity I've been waiting for. If being long CGC for 5 years has taught me anything, it's to take full advantage when the chips are down - we've seen it time after time after time. And today, the chips are waaaaay down. Which isn't to say they couldn't be further down next week, but I am more than happy to have loaded up today at 14.15. Could be a nice swing trade or just an addition to my core. Either way, I sleep very well knowing what's coming down the pike. :-)
WestCoast78 wrote: On September 8th at the Barclays conference, Klien mentioned we were going to have a bad quarter. He was right.
33% later here we are.
Did anyone sell today? Or did we just add 5 or 7 million more, to the 76 million short.
They CDN market is challenging, and will take time to sort itself out.
On November 9, New Jersey should be telling us when they're going to start rec sales. Either very end of this year or likely the very beginning of next year. Fast forward six months from that start date Terracend will be making more money than canopy, an acreage might be within reach.
Feb earnings will be better, significantly. And they'll be a lot of chatter about cannabis reform between now and then. Maybe the safe act will make his way through NDAA.
Interesting all the cruise lines are having such a great day in the sun. Keep in mind how heavily leveraged these guys are. To try and milk a few more drops out of us, they need to raise the money from somewhere. I guess if you are invested in cruise lines and casinos you would be happy today.
80 million plus shares short.
It'll be a violent ride up when it happens
Take care longs