RE:RE:As expected!
BudFoxx2020 wrote: It's not temporary pain. Come on V. It's been almost 2 years now. You can't still think this is temporary or it will RIP anytime. Lol. You and Vinny are the only two poster here that I can actually have a real conversation with. And everytime you both bought and added, I was the first one to say wait, don't buy, be patient. Don't average down.
The reality is, it will get a lot worse. Once Canopy files chapter 11, the whole sector will dump hard. 20%+ one day drop like last October across the board on top of the daily losses. This sector is finished. US legalization will only give it a temporary pump and dump. Every one that invested in the cannabis sector got burned. If Canopy goes under, no investor will have any trust in any of the Canadian LP. This is dead money. You can trade this here and there for the pump and dump but the reality is this sector is done. Sorry to be the bearer of bad news. Of course I could be 100% wrong but I have been a 1000% accurate here. Once that $2 breaks it is a straight dumpster dive to a $1. So why would anyone wants to lose 50% and it will be in a short order. Tilray will catch up to the other it is just a matter of time. Good luck all. Am already having a nice buzz. It's Friday.
Still adding, Bud lol! Bad day in the markets and then CGC doesn't help much.
Sentiments are changing, slowly but changing. Bull market on the horizon or let say just entered. I see a reversal coming. Could get a bit worse, but that's okay. I have that covered, not my only investment. Small percentage actually. All good, and up for the risk.
I'm betting on your 100% prediction, not the 1000% lol.
Cheers, and enjoy the beer! I think I will have one too.
V