RE:RE:Is it good to buy now?
quinlash wrote: Shareprice is determined by buyer / bid support and contained by seller / ask resistance. As long as bids are stacked up under the current SP (at any level) and current investors expect higher prices for their shares then the price is likely to maintain its current levels or trend upward.
If you are trading over the course of a few days then the variance in bid support will vary depending on what is going on with the stock and the broader market. If you are investing for long-term then you need to consider what long-term things may develop for the stock that will further increase investor interest.
News is most often a major factor in SP movements with the latest being TLRYs QTR report results being better than expected. There may be more news coming and I will speculate that its going to be TLRY taking over yet another company.
Sorry, that's the best I can do for a quick answer to your question, hope it helps
Q
- Long
Bloody hell, I did it again.. this is what I get for trying to post to two stock forums at the same time.
Let me clarify the TLRY comments on the WEED/CGC board
Movement in CGC is likely tied to the positive movements in Tilray as they are sitting in the same sector and their business models are very similar. Both companies have ties to Alchole and Cannabis and both service the same marketspace. Product offerings by both companies also align (including the infused drink products), edibles etc.
The positives on Tilray are therefore likely influsing the market as to future potential positive developments on Canopy Growth.
Sorry, I do not mean to keep noting TLRY here, I am posting on both forums and hold both stocks in my portfolio.
GLTA
Q
- Long