Canopy Growth Corp T.WEED

A LITTLE CLOWN MATH

[Starsearcher80]

So the Clowns look to be having a little better day today than their usual 3-5% daily drop.  But before they get too excited, let's do a little Clown math.

Just to round things off and make for easier math, let's say they should/could have sold at $70.00.  And then let's say the bottom was $9.00.

Ok Clowns, here we go!

So from the $70 high, you've now lost about 92% of your investment.  Now, the Clowns will say, hey I'll make that 92% back!

Not so fast Clowns.  You don't need to make 92% percent to get back.  If the base is now $9.00, the current price only has to rise by about 770%

Should be easy, right Clowns? ;)

[Longterm777]

Lol, yes, everyone bought at the top and nobody could average down or use options to change their math.  great read and laugh. Buy calls for late summer or the fall.  you will make lots of $$. It has been a wild ride for cannabis but early innings still. hold some/trade some.

[TheProphetElijah]

Wait a minute there Star, are you saying gail force winds are blowing opposite direction?!

[Starsearcher80]

Hell no.  While the single day gain is nice in and of itself.  I even considered playing it off the 5 min chart this morning when it was all of $9.50, but couldn't because it is too close to the quarterly.  I got burned badly once on a halt just before a quarter, so that memory, and the emotions that go with it, keep me out if it is anywhere near expected news.  Too bad