RE:THE ESSENCE OF THE CLOWN FAILAnd yet you spend all day and night everyday posting here.....
One has to ask ones self why......
There is no answer to that you wont be honest and admit you goals here you just keep rapid posting to a stock board you think is full of clowns....
Over and over and over
Sure makes one think Are you paid to post? or are you a short who messed up and missed the bottom?
Starsearcher80 wrote: At some point, you have to ask "Are the Clowns THAT dumb? Or are they just naive?" I would actually suggest it begins with niaive, with "dumb" following if you don't learn being being naive. To be sure, and I'll say it again, decades ago I truly made every mistake in the book, and came very close to washing out. But the difference here is I remained open, if not ravenous, to learn. The Clowns? Most are doomed to wash out, having proven themselves incapable of learning. And with that, they die by their own sword.
You can see the stupidity clearly on display, most times they open their mouths.
Invincible/Newbie420 actually think Constellation will take up the warrants that are SO far out of the money, it is perhaps the most ridiculous idea ever put forward by a Clown. As I've noted Constellation knows, in hindsight, what a HUGE mistake it made. And now it's going to dobule down on the mistake?? Ummm, not. And you don't even have to think hard about this one. Why wouldn't they buy now insteand, at a massive discount to the warrants? Why wouldn't they short, pushing the stock down further? Why don't they force a financing, at significantly lower prices still, and then buy the offering? Of course, the Clowns have no answer to any of these real questions.
Majormustard suggest he is somehow brilliant buying at sub $8.85 was brilliant. Hmmm, and then rode it down to $7.21?? A very fast loss of almost 20%? In my books, that is far from brilliant. If anything, he highlights the difference between a pro trader and novice.
It's all about risk/reward. Pros know that the first rule of survival in the market is capital preservation. To honour that Pros stay away from stocks where the risk/reward is poor. Right now, unless somehow U.S. legalization comes through quickly, which it won't, Canopy has about a 20% chance of surviving somehow, and about an 80% chance of failing. That is NOT, in any way, a risk/reward that Pros want to be a part of, because they know that bad news can come at any time. Right now the risk of a financing announcement is very real, and death to a pro trader.
It's not to say that money can't be made. MajorMustard says he's now "onside"? Good for him. Sometimes when you call "heads" on a cointoss, you win. But that doesn't make you smart. It makes you lucky. Pros don't play with luck being their mainstay. Might as well go to the casino rather than the stock market. The casino is more fun.
But it's not a complete loss here, as the Clowns provide the opportunity for others to learn from their chronic mistakes. So on that front, I guess we should thank them. We learn via their overt mistakes and losses. And as they wash out, as some of them now clearly have, don't worry. There are always new Clowns to infill, ultimately waiting for their turn to fail too.