Hello Everyone,
Many of you may not know me, however I have been a long-time follower of the industry and Canopy dating back to February 2015.
Unlike SS40 my style was never to influence you to buy, hold, sell, or short. My intentions were to share information with fellow longs based on data and macro assumptions. Here is my advice to anyone that is new to investing. You are not going to get rich overnight, you need to put in your own homework and due diligence, so you have the conviction to hold during the tough times.
Do not buy, sell, or hold because someone thinks you should. Put in your own homework so you can make educated decisions. This does not just apply to Canopy, but this applies to investing in general. Create a long thesis that helps you sleep at night. Do not go 100% into a position and keep some liquid cash as an emergency fund. The last thing you want in emergency or unexpected expense is to have to liquidate a position to raise cash, especially if it is at an unfavorable market price. You want to be able to liquidate on your own terms at the price you want.
Money is made over time, not overnight, for an example look at Canopy’s 5-year chart:
5 Year compounded growth:
Canopy = 2,784%
Tesla = 2,557%
Amazon = 542%
Netflix = 534%
Apple = 472%
Microsoft = 383%
To be clear I do not think the next 5 years will produce gains as see above, however I am just sharing that money can be made by being a long-term minded investor. There are always good companies out there, you just need to find them at reasonable valuations.
These gains are not easy, they test your limits and are mentally exhausting. If you are not prepared to live with the volatility of individual stocks, then gains like this are next to impossible to achieve. We all know stocks do not go straight up. Therefore, being educated, disciplined, and having a long-term plan is important.
Here is a trip down memory lane, this was from a Jim Cramer episode that aired on August 10
th, 2017. (At the time Canopy was $8.50/ share after a brutal first 8 months of 2017).
Here’s the quote from Jim’s show:
he says “years and years ago when Karen Cramer was running the trading desk, Karen who had no formal training whatsoever, did not go to Harvard business school, was not a computer scientist from Stanford or whatever, told me something really important, she said sometimes you need the discipline to hold on to the stocks of great companies. The hardest money to make was the kind of money made when the big time hedge fund managers came on tv and told you sell or short companies that were about to have fabulous runs”
Jim says “she would put it to me right in my face and say, you listen to those rich people who come on air and tell you everything is too expensive. You know what? They’ve already made their money. We’ve got to find winners and stick with them. Stop listening to others and start listening to yourself. If these stocks go higher and you let them scare you out of them, you know what should happen you should be fired. Bottom line listen to yourself. Do your own work but understand it takes a ton of discipline and conviction to own a Facebook or amazon or Apple through these runs and you aren’t an idiot if you do”.
Sunday Afternoon on October 29
th, 2017 Canopy faithful longs heard the news that Constellation Brand was taking a 10% stake in the company. The price the ran from $12 in October 2017 to $44 in mid-January 2018.
This was after a long 2017 where Canopy longs took abuse, mainly from a group of Mickey mouse APHA fans, lead by head shill GoBlue.
Anyways here are some links for some good old posts from 2017 & 2018 that show what SS40’s real colors are. Funny to look back, one of the posts I mention S&P 500 will be at 4,000. which seemed crazy at the time, however here we are.
I would like to say hi to the real longs as they truly know who they are and are some of the toughest minded people I know.
Again, this message is not meant to be directed at Canopy, this message is meant to inspire you to buy, hold, or sell whatever you want and only do it because you have studied it and have the conviction to do so.
P.S. Trenam I am trying to write this from my computer, so if it comes out single spaced I am sorry……….
Enjoy these posts:
https://stockhouse.com/companies/bullboard?symbol=t.weed&postid=27086083 https://stockhouse.com/companies/bullboard?symbol=t.weed&postid=27456400 https://stockhouse.com/companies/bullboard?symbol=t.weed&postid=27434102 https://stockhouse.com/companies/bullboard?symbol=t.weed&postid=27434102