Canopy Growth Corp T.WEED

HERE'S HOW THIS GOES DOWN

[Starsearcher80]

I've been trying to tell people to get out of the way of this train-wreck for quite a while now, and the stubborn "don't want to admit they're wrong" "married-to-the-stock" nature of some people here is costing them dearly.

So imho, here's how this goes from here.  This is all based on "I've seen this movie plenty of times".  If you spend as long as I have in the market, eventually you've seen it all, and you know how things play out.

As for WEED:

1) The company is in trouble on many fronts and is going to have to do a cash raise.

2) Shorts apply pressure to the stock.

3) Stock gets removed from the Index, forcing index funds to sell.  This has been announced, and is now ongoing.

4)  Index selling and shorts will put a LOT of pressure on the stock.

5)  Stock will push below $5.00, which is the threshold for a lot of funds, i.e., they will not hold a stock below $5.00  They will sell.

6) Canopy runs into a serious cash crunch and has to do the offering.  But people see the "dead man walking", so the offering is put out at a painful discount. Not only does this instantly drop the price, but dillutes the shares to oblivion.

7) Not much changes at the company.  They retain their dead-man-walking status.  Look they had cash before and blew it.  What makes you think anything would change?

8) Canopy gets sold. But no one wants the whole thing because it's a bloated mismanaged pig.  I would supect it will be broken up and sold for pennies on the dollar.

Enjoy.

[Doubleeagles]

The Clown is steadfast. Not even bothered.

[Starsearcher80]

Hmmm, you account value seems bothered. ;)

[Doubleeagles]

Not at all.  Depends if your an accumulator. The clown.

[Starsearcher80]

Hmmm, an "accumulator".  Ok, I can live with that.  You're an accumulator...of wallpaper. ;)