Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Down 2% and the world is ending fellow longs. The Canopy bashers are out in force while we are sitting pretty from the 2s. $TWEED , $CGC, $WEED
Thank you!
Thanks. Sorry I was traveling for three weeks. I'll update now!
Thank you!
It wasn't as bad as when I purchased my first two shirts. I wonder if anything else will be on sale that day for me to buy.
Speaking of which, I need to get ready for their 4/20 sale. I wont miss buying shirts this year!
Thank you!
Thank you.,
I thought that too but I confirmed it doesn't have to.
I'll ask.
did they say they requested it>?
At the request of the company. Look up IIROC reason codes.
http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx
I subscribe to this thesis. I like it alot. AWESOME FIND!
woah! pending news!
Well I mean it's pretty simple. If Canopy has locked in over 22k Kilograms for sale a year - multiply that by the price per gram they will sell at then add a FWD multiple of 10/15/20 and you get what the fair value PPS should be. It's pretty easy to not be worried after you do that.
yup. Here's to more upside. =)
woop, that volume spike to upside! Has direction been chosen!?
Biting nails on how this will break out. =) Exciting.
Previous Qs tend to run green till earnings, then sell off. Red or Green is no indication of INSIDERS KNOWING. It's moving based on techs right now. 50 day got rejected and couldn't break through, now it's going to retreat for probably another attempt at a later date. That is unless earnings are terribad or great. anything in between will probably just keep us doing the same.
It looks that way after having bounces off 200 day on some of the majors, but ultimately we need some bull follow through. I will say though the volume pick up is encouraging.
Funny I was just talking about this.
insert-text-here
Market Euphoria May Turn to Despair If 10-Year Yield Jumps to 3%
This jump to 3% will probably be short lived but it's a sign that the day of 4% is arriving sooner than later. Until then, I'm BTFD on equities.
Today is yet another big day for Canopy and some of the other LPs. We either hold support on the higher low or we can see 28 area while still remaining in a longer term uptrend.
Sorry, I was referring to the post you responded to. Not directed at you.
That post is just a perfect example of these folks being unable to tell me why I should be bearish without using overbought or overvalued.
So Canopy will now be at 10? After rec launches and international expands?
So below the Constellation deal? Below the value of their assets?
Another disingenuous post without merit and why no one should listen to him/her.
This also happens to coincide with the technical trading where the breakout could occur. I agree.
Holy wow
Thank you!
U.S. cannot trade in WEED options.
However, you can trade in MJX options as the two are highly correlated. It's what I did last week for a nice gain and I tried to play OPEX today for a 7% loss. womp womp.
Sorry, means Option Expiration day.
https://en.wikipedia.org/wiki/Expiration_(options)
On these days it's typical to have low(er) volume.
It's OPEX day.
Curious. Market makers what to open it higher.
Bought deals are usually issued at an average based on X time. It's not a coincidence that the deal is pretty much where the 21 day MA is.
I see us consolidating during this price discovery processes. Right now the FIB retrace got us to 30 area which is consistent with what was expected if measuring from the all the time high. (not the close on that day). If we break this higher low we can see 27 CAD before next support. That would IMO be very bearish for our prospects of seeing new highs.
I can easily see 32-34 CAD range for consolidation into next run up.
This is a very bullish sector and until that changes I don't see a change on the trend.
* Watch for good swing opportunities.
* Watch for a break close below 30 CAD
* Watch for the 21 day MA to hold, it's been consistently supportive for over 6 months.
Otherwise if you are long holder you have nothing to worry about. Bulls are in control.
On the landing page of this board I put up the charts showing the 21day MA and daily close candlesticks. Just watch for high lows and lower highs to confirm consolidation.
Waiting for when we start breaking 2k a day. The growth has slowed.
Thank you!
That's what I expected based on the exchange rates and yesterdays close.
I wonder Why? We were doing just fine with having our conversations before while our mascot kept telling us about the black market awesomeness.
Yup. When I was losing 20k on the 3 dollar PPS down days I'm now losing 200k instead lol. But the thesis remains.
CHOOOOO CHOOOOOOO lol