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I’d agree with that
Oh wow. This is neat!
https://www.cbc.ca/news/business/marijuana-companies-border-1.4823523
There was also this about travelling if you’re an investor.
Meh if they are sceptical I just show them my balance sheet. That’s when they begin to weep lol
Like a movie that doesn’t make ANY sense but you keep watching and liking it cause it’s super entertaining and shocking lol
Wow we’re in the complete opposite direction. What the heck! Lol. Once again...I have no idea how to read this monster apparently.
Lol.
Oh they’re already making me grin.
I don’t think $40 is in the books. $48-50 is what I’m expecting. You should buy at those rates if it’s the case.
The panic selloffs are going to stabilize next early week. The weekend after hours is going to be just as bad and we may see a drop of another $2-4/share.
If that’s the case anyone who sold at the ATH these past weeks did very very well. My own profit margin per share since the bubble was $20. Incredible.
This is extremely healthy for our company, the hype is deflating and some more stable pricing will pick up.
right on cue. Bottom of $50 is my new prediction
Me too looks like my predictions are turning up. So how low now. My guess 52.
All good. Re reading what I wrote I wasn’t super clear. Panic sell basically means purging the weak of heart haha not mass exodus. Came off harsh. Wholeeeeee point is...I’m feeling a deep correction coming and a push back up towards Oct 17
I can get behind that logic. It’s what I’m expecting as well. The numbers and charts support a bottoming but who the heck knows these days. The SP is out of control and I’m loving it
That’s very true. I’ve asked around numerous places and looked at numerous perspectives and the numbers I’m seeing is a base closer to 50-55. By the numbers that’s makes sense however if it holds higher that’s even better.
I just feel more correction is happening. Let’s see what happens over the next few days.
No lol I don’t need longs or people following the stock long term. I’ve been in CGC since the week it went public! Lol
My thought was that the folks that bought at the ATHs who can’t stomach the corrections panicking. My theory is this stock is also heavily supported by the hobbyist investor who wants to get in because their buddy or investor recommended it.
Point is, there needs to be some major collapse in front at these heights. It’s like building a tower too fast without reinforcing the foundation well enough. The price has shot up too quick.
Anyways I don’t like posting my opinions here cause people spazz too quickly. But this is where my heads at. I may be wrong and I fully admit that
I’m confused. You don’t agree? I’m just stating my personal opinion on what’s happening. And yeah I want this to drop and rebound. That would be way healthier than what’s been happening.
Here we go. The descent has begun. At this point buyers at 70+ are at least sweating a little. Next phase will be the realization that the price isn’t rebounding. That will start to trigger the panic selling. If tomorrow is another -5% day then Monday morning will trigger the panic sells.
I honestly feel terrible for the sideline investors who are throwing their savings money in without knowing what’s up. They’ll get a shock and hopefully be wise enough not to pull out with a loss when it corrects.
*cringes*
True true. Well I’m long no matter what. Honestly just hoping I’m right about the correction. I need to load up some more (reinvest my $64+ selloff hahahaha).
Easy there. Lol. I think it’s just out of fuel. Let it consolidate and deflate a bit before the next run. This momentum isn’t totally sustainable.
I feel like even the most staunch WEED supporter realizes the past two weeks are freakish and driven mostly by FOMO.
The stock is absolutely going to keep going but IMO (not worth much I know :-p) either two things are possible at this point. A major correction. In that scenario the adjustment is going to be the largest we’ve seen to date. I’m thinking like a -25% pullback or some insane number. The descent will be pushed down by selloffs and panicking investors who got in at $70. Institutions will remain knowing the value will rebound over the next few months.
The other option is the correction begins to slowly adjust to a stabilization base. $60-65 seems the max and $50-55 is the min. That will likely happen slowly over a few weeks.
Basically from August 16th we went from $40 to $70. So basically in 20 days we’ve seen an increase of $30 in value. I’m a guy who has 3 Tweed shirts, has every strain and product they produce and gloat about the company’s success all the time, but even I’m thinking this is ripe for a major correction. I’m thinking it’ll happen all at once. Expecting it any day now but would be smiling if it kept going to ATHs. Lol
Haha. I’m personally waiting for the consolidation period. Running low on shares as I kept selling at the ATHs we’ve hit the past few days.
A downwards pressure should logically push this into huge consolidation. The shorts will be happy. Then again I’m NOT confident in my guess here lol the share price keeps proving me wrong.
It’s a freaken runaway train. Lol
Lol this is....insane. Love it.
Hey! Can we get a chart for the next week? Interested in seeing the blue line.
He's on CNBC right now talking about it. "If you can't keep your cost per gram down you're going out of business".
I love these company's together. I recently ran into a designer that I hired a few years ago, who's now on Hiku's branding team. Exciting to chat and learn how they're growing and gearing up! Excited to see how this group does for the company.
"Hiku Brands Set to Merge with Canopy Growth, with Trading Ceasing on Friday" Woooohooooo!
https://www.newcannabisventures.com/hiku-brands-set-to-merge-with-canopy-growth-with-trading-ceasing-on-friday/
Looks like a different situation for them though:
https://www.businesswire.com/news/home/20180830005671/en/EQUITY-ALERT-Rosen-Law-Firm-Announces-Investigation
“Cronos management appears to have been deceiving the investing public by purposely not disclosing the size of its distribution agreements with provinces – unlike every other major cannabis player . . . because the agreements are so small they could never justify the premium investors are paying for the stock.”
Yikes.
There was a halt and I hard someone talking about an IIROC investigation?
I more than pinched the tip. Serious gain and now a serious buy back in
Excellent! The correction has begun. 55.80 asking price. Down nearly 7%. *smiles eagerly*
Gotta load up.
Hearing about some downward pressure. Friend of mine is saying it’s testing $48-49. Going back in aggressively if that happens
Insane.
My favourite song
13.17 billion market cap
Amen.
Global FOMO. Lmao.
Haha. It’s definitely surreal.
When I just saw the ask I literally said “wtf” out loud hysterically.
I think $52 was insane but $60. I’ve completely and utterly lost the ability to track this thing. It’s a runaway train. I’ll just sit back and smile.
Lol
Holy crap, it’s going to hit $60 today!!!!!!