Canopy Growth Corp T.WEED

GREAT BACK AND FORTH TODAY

[goldman777]

BUT......the trend looks to be firming up nicely if not entrenched by now.

I was thinking real hard on the sell this am. hoping to buy back cheaper this pm. and I suppose  I could have bagged a 10% swing trade on the trading portion of my position.

But that being said, a guy / gal can get left behind in a real hurry if they are on the wrong side of the trade. Don`t you just hate chasing a smaller position for more $$$.

We appear to be well above the $1.00 Canadian mark now and unless there is a market melt down I don`t think we are going back below $1.00. Infact just the opposite, this momentum play will start seeing larger daily swings with the pressure to the upside.

There are just too many stars aligning.

The large share issue CGC did a few months ago to retire debt obligations was well orchestrated, the debt holders / insiders were privy to or at least had a real good hunch on what was coming next.

Onward and Upward from here, my target is still the $1.30 range before we take a breather but if the trend is indeed your friend...we may blow staright through closer to $2.00 before the share price consolidates.

My conclusion...sell at your peril here as you will likely get left behind chasing pennies.

Hold until we breach the $1.50 mark ( 2 weeks ) then the swing trading will be much more enticing and rewarding even if you don`t get everyone of them right.

My target is to end up with 100K shares, makes the math a whole lot easier.

I suspect a positive NR is in the works - sale of Biosteel, withdrawal of all the frivilous law suits over the misrepresented #`s of Biosteel, or maybe something that no one is expecting. The retail investor is always the last to find out but judging by the insane volumes and up swing in the share price...something might be about to happen or already has

$1.20 close or a tad more is my call, which sets CGC up more another impressive week next week.

GLTA

[quinlash]

I agree, I think we could be on the verge of confirming a nice (but at time bumpy) upward momentum trend confirming.  Personally I will not be making any plans to sell below the $1 USD / apx $1.40 CDN mark as I do wish the see the stock trend up past that and I do not want my shares sitting out there in the way of that actually happening. jmho

[goldman777]

Good point, some guys set their loss limit too shallow and get stopped out on a quick shake of the tree, other guys set their sell limit too close to current trading range and before they know it they are out and chasing to get back in as share price continues to run. I`ve been there for both scenarios and neither is pleasant, sometimes you just need to revisit your original reasoning for

[BudFoxx2020]

This is a meme stock right now.  The reclassifying is just absolute nonsense and have little impact on the overall scheme of things.  However, it is a great story to pump this stock up as they get ready for the reverse split announcement.  Like I have already said, play with money you can afford to gamble with.  The momentum and trend and the pump is still strong.  Just be

[goldman777]

you may be right.

[quinlash]

Today they are called meme stocks when they jump, back in the day it used to be called "A Break-out Stock", essentially its the same thing with a different name and refers to when the Hedge Funds are forced to cover back before they had actually planned to as no one wanting to actually sell the shares. Regardless of what you call it. If its a "Meme Stock" or not, let's

[quinlash]

If this turns into another blockbuster GameStop run then who are we to complain, seriously ?

[yp01048]

Reverse split deadline is January 8, 2024. All Cgc needs is 10 days above $ 1.00 USD and then that is out the window for now unless it drops back below $1.00 and the debacle continues.  but with Safe banking gearing up in the next 6 weeks, several bump ups along the way... hopefully.  

[BudFoxx2020]

Where did you get that date from.  The reverse split will go through after the shareholders meeting, it is just a matter of when.  Just because the stock price get pumped up over $1 USD does not mean they will cancel the reverse split.  That is not how it works.  Anyways, like I have said, take advantage of this pump.  They will pump it up to $1 USD like I said when this

[yp01048]

Incorrect. They will not consolidate after the AGM as that is a direct violation of the Nasdaq rule to do it beforehand. The shareholders meeting will decided the quantity of the reverse split. Whether it's 5 or 15- and will be valid for a year.  read the SEC document for all these details. They have until early January. I suggest you speak to Tyler Burns-investor relations. He

[Pedal2themetal7]

Are you saying they're going ahead with the split, but the meeting will decide the number?

[yp01048]

I must also add, if Cgc does decide to go ahead with the consolidation, they have until like December 22 to implement if they are not in compliance. Again, this is only if they are not in compliance. They have to do so 10 business days prior to the 180 day rule. Can you imagine if they did it prior to the 180 day expiry? If they get over $1.00 for 10 days, it resets. Once they are over $1.00

[Oldweed]

I believe the direct company quote is "exploring all options" that said one option would be a reverse split. Again this in an option, filing at the SEC is a required step to become an option. There may be more reasons to go ahead regardless of how far above 1.00 US the stock goes. For example, day traders/retail will find it more expensive to play as each sell move is a bigger one. Fewer

[yp01048]

Yes. All options. Another option on the table is the 180 day extension of it fails to gain compliance. All I am saying is that I do believe the proposed consolidation will be approved at the upcoming AGM. I don't think it will be scrapped even if it does gain compliance as you can vote on it until the meeting. Even if it's approved, that doesn't mean it will be implemented

[quinlash]

As it stands they have until Jan 2024 to see $1 USD, the stock is edging up on that rapidly. I personally see it as an issue at this point. If it makes you nervous then just buy after its over $1 USD, eaay enough

[quinlash]

**** don't see it as an issue (sorry about that)

[BudFoxx2020]

Lol why would any one based their investments by talking to investor relations.  Have you not learned anything from Route1.   Were you not in direct contact and talks with managment there for the last 10 years.  Anyways, the reverse split or consolidation will happen.   I never said they will consolidate right after the AGM, that is what they are deciding at the AGM