RE:$10 before Christmas 🎄 Heading to the moon! 🚀 GreatGabbo wrote: Canopy is back and stronger than ever! It isn't even the entire industry, Canopy really stands alone as the only player jumping 20+% each trading session.
I believe this momentum will continue to $10!!!
GLTA!
Yes, I agree. CGC is the #1 pick to return a phenomenal gain. I suspect a slow and steady grind higher from here with 10 - 12% gains on a daily basis up to about $3.00, so won`t take long. But I may be wrong, judging by Friday`s performance this thing just might bust loose tomorrow on huge volume once again.
Of course there will be profit taking along the way and the odd red day but I don`t see it giving back much as we head north.
Compliance to stay listed on the American exchanges is the next hurdle and I`m not too worried about it, should be in the bag by end of next week with no looking back....once we get across that bridge all the talk and need for the RS just also may be behind us.
This is now at the beginning stages of a momentum play and it may race alot higher alot faster than anyone thinks.
I have a small portion of my holding in the trading bag, but I`m thinking if the trend is indeed your friend then a guy can quickly slice that trading portion in 1/2 if he gets caught on the wrong side of the trade.
Nothing is a given, most of us here have pretty thick skin and we all know that direction in share price can turn on a dime. But I will be surprised if CGC is not an easy 15%`er to the upside tomorrow with strong follow through buying all week.
I`m calling for a double this week or maybe 1/2 way into the following week, FOMO will attract the herd and the price will get driven much higher from here. One must remember how far this has fallen and how much ground is to be made up.
Past performance is not an indicator of future potential so risk still remains...but damn if the reward doesn`t look juicy here moving forward.
If CGC can get to $10.00 by year end...and it just might on a few key announcements, well we won`t have to worry about TLSS kicking in neither.
$10.00 is very doable once everybody and there brother starts talking about it.......and we are not quite there yet.
Just have a look at the first real run up in this sector on Canadian legalization then multiply that by a number that you think the American market represents.
Hmmmmmm indeed !
Other players in the sector will likely take a back seat, ACB still has to make significant gains to stave off its impendeng RS, Tilray has enjoyed a great run already and looks to be consolidating a bit...however CGC should raise all ships as it blows north in value.
GLTA tomorrow and don`t sell too cheap, my instincts tell me this run is far from over and you sell here you will basically be dust in the rear view mirror in a real hurry.
Selling is the hardest thing to do in this game - greed and fear !