Share volume is sensationaland confirms lots of interest in Canopy.
Shareprice is about the same as my first buys of the stock but the trade volume shows the amount of anticipation that the US is going to have a greenrush.
If not, they will get there one State at a time!
Rescheduling and SAFE are both positive but not the holy grail of legislation that is needed.
A good part of the volume could be short players who are fearful that this is the tide turning for the better for the pot and hemp business in the US.
Either way, sharevolume is strong and a little profit taking today is investors approaching this investment with a more reserved financial plan. I sold half my wife's shares of Canopy today at a triple and will sit on the rest and I may buy more if it comes back down enough. Long in the meantime.
Either rescheduling or SAFE will help the new vice but legalizing at the Federal level will do the most. That is up to the regulators and politicians who have to do the work. They need to forsake job security, churning these issues over and over for writing some solid legislation that will allow the greatest Greenrush the world will ever see.
A lot of volume shows investors are focused and hopefully this is going to be the bull section of the market as the talk is recession until inflation is put to 2%.
In the good old days when I first bought in a big volume day was 5 million shares traded. I have recently seen over 300 million share trades day.
Jmho but Canopy was the most beat down pot stock of signifigance and I think the newer leaned out light model is better positioned than ever to be in the winners circle with some serious government legislation getting passed.
glta and dyodd