Canopy Growth Corp T.WEED

RE:RE:RE:RE:RE:DEAD-CAT BOUNCE IN THE MAKING

[Invinciblone]

Just a reminder Starcrapper is a paid per post basher here on this board.  He utilizes multiple aliases in order to give himself clout.

his sole purpose here is to spread fear and doubt

He puts a negative spin on everything not because he believes it but because he is paid to.

once this username is burned he will claim to loose his login and return as Starcrapper120 or some variation like he has done in the past.

 

Starsearcher80 wrote: Clown, you CLEARLY don't get what a professional trader does.  I'm not talking about joe-nobody who wants to trade but doesn't have the skills or temperment.  I'm talking about the 5% who aare truly successful at it.

I'll come up with a hypothesis all day long.  But the difference between you and i are TWO things.

1)  Upon taking a stance, I IMMEDIATELY do all I can to test it and poke holes in it.  This is done via the data, and the charts that are built on that data.

2)  IF the hypothesis needs to change or be modified, I will IMMEDIATELY do that.

Now, I work in much smaller timeframes than you, however the tennants of being in the market are the same.  YOU however.

1) Come up with a hypothesis, then completely ignore ALL data that might suggest your hypothesis is not valid.

2)  If the hypothesis needs to change or be modified, IMMEDIATELY you resist, because that would mean you have to admit being wrong.

Now that I think about it, there is one BIG other difference.

1) I make a LOT of money.

2)  You make none, and what you did have, you lose.

Well done my ltittle maggot Clown.  As always, too easy to blow you out of the water, yet again (and again and again.) ;)

 

Homestretch4me wrote: So let's all get this straight. Yesterday you said that today there would be a massive sell-off by the funds holding this stock.

Less than 24 hours later you're now claiming that the stock could run to $7 which would be a 16.5% gain approximately.

So in the span of 24 hours you went from saying massive sell-off to a potential gain of 16.5%.

This is why day Traders and chartists lose money 90% of the time. They have no idea what they're talking about, as is clearly evident in your posts in the last 24 hours.

Thanks for all the information you've provided but I think I will stick to my long thesis. And to all that have sold , thank you for the cheap shares.

Take a note of this people. This is why you shouldn't listen to this fool.

Starsearcher80 wrote: Deadcats are tricky.  Again, time them well and you make a nice quick profit.Mistime it, and you end up on the wrong side of the trade.

The tricky part of a deadcat are what metrics to consider, and how much weight to give to each.  In no particular order...

1) The severity of the drop in the first place.  (This was severe)
2) The news cycle...more news or going into a quiet period. (quiet now)
3) The drying out of the stock at the bottom. (dry)
4) Resistance points on the way up. (identified below
5) Psychology...how "broken" is the stock. (very broken, which in a deadcat scenario can be a positive)
6) External market forces (overall market swings, and the market is very volatile right now.

Typically what happens is you first have the "early adopters".  These are the true traders who spot the change, jump in and jump out again at the first resistance, which is about $6.25.  The stock has already moved up to this level, and sure enough, you could see some of that resistance point selling taking place.  That's fine, and not surprising at all.

If you look at support and resistance points, after the $6.25, it's a fairly clear run to $6.75, and above that, $7.00  Personally, I don't see any deadcat going above the level, unless there are funadamental changes (which I don't think there will be).  So it becomes a game of traders coming in, and longs taking a new/bigger position, with most of the selling now washed out...hence, the bounce.

So it becomes a gaime of "odds".

The $6.25 level....100%

The $6.75 level....I would say 70%, based mostly on the severity of the downturn, and two complete days of a massive washout of the stock from $7.00 down to $6.00  There's also been time for any margin calls to now be washed through, so that selling is gone too.  This stage of the deadcat tends to be the more "meaty" phase, as a larger pool of people come in thinking the stock is safe.  It's not necessarily true, but greed tends to be a be a motivator for buying bravery.

The $7.00 level....I would say about 30% at most.  Lucky if there is a little over-extended enthusiasm on the deadcat, but it would be temporary.

The other key thing on deadcat bounces is that the are absolutely dynamic, i.e., different forces come in to play at different times.  While different resistance points are noted above, they are at best "markers", and certainly not absolutes.  As noted before, deadcats can certainly be playable and profitable.  Just know what they are and how to play them.

Caveat.  Any comments here about deadcat's have nothing to do with the stock whatsoever.  It is only a buying/selling phenomenon that happens when certain criteria are met.  The cat may bounce, and often does, but gravity and reality always do set back in.

TheProphetElijah wrote: The sector is definitely due for atleast a technical bounce, plays like HITI and AYR are showing bull flags, while bigger plays like TRUL and CURA are consolidating and bouncing off long and short term technical bottoms.  This can time nicely with possible/speculative legislative changes before August and Nov mid terms like Safe Banking.  Time will tell.