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Would NOT buy anything except 3M company or related companies.
That's a fools game. I dont accumulate stocks when a historical downturn event is occurring. I cash out and sit back. I watch. This sir is an historical event by all counts. You are playing with fire if you're buying. You're also losing money. There is plenty of room for to continue dropping. It doesnt matter how good CGC is. The DOW is king. You wanna talk about accumulation? Accumulate when the event has ended. I would buy a share of anything right now unless its the 3M company.
You might rethink that. This down turn is now at a point where it's indicating serious economic impact, serious ramifications well actually that was yesterday. Its tetering on a free fall now and it has a lot of room to continue downward.
Damn look at the DOW. This is a first for me as a trader. Shits comparable to 1930s depression percentage wise. Nuts. Glad I got out earlier in the week. Saw this coming a mile away.
The DOW today. *whistles* that hurts.
Ring the alarm bells.
Markets spell serious trouble in the making. Ask a normal person about it and they think everything's fine. The level of on going denial is shocking. I pulled the trigger for a reason. My money's safe.
Also if the ship is sinking the goal is to not cause a panic. Lie, lie, and lie some more. Only when things are clearly underwater is it time to say... the ship is sinking.
It's not in the fed best interest to cut rates when the US just announced to prepare. That would likely cause a serious crash. To much all at once. IMO. Hongkong is now printing money for its citizens.
The term bull trap exist for a reason.
Seeing normal everyday stuff completely gone off the shelves yesterday while shopping was pretty telling as well. We've got back orders for parts on important equipment at work as well. I work in pharmaceuticals as a quality engineer / validation specialist. If you havent given this virus much thought (all investors). You better revisit strategies. This is not something to pass by.
I'm 100% cash as of yesterday. I'll have a good idea when I'm ready to buy again, but for now I'm comfortable with waiting. I do this as a hobby so I've got plenty of other options for making money going on. This money can sit for now. I definitely think I'm out for this week for sure. I wanna see how march unfolds.
I follow you when I'm on the board. Lol I enjoy your charts.
Nice work. I've held off on saying much about it. But I started following it pretty closely early January. When the company I work for closed branches down in china because of it. I started paying attention then. It's pretty serious imo. Much more serious then the general public is giving credit. I'd say 5% global economic impact coming at minimum.
It's from the recent presidential address yesterday. They can't hide it anymore. All markets are dropping not just America. It's from the dang virus.
Went to the store yesterday to buy paint. Needed a mask for the sprayer. All of the stores are out of masks. Sold out state wide. Went to academy to buy shotgun shells and mass amounts of people were buying guns. They were out of ammo for a lot of pistols. Got on patriot supply and they were experienced 100x there normal order volume and over 4 week shipping delays. Fast forward. The president makes a crap address and then an hour later the US has their first unknown origin case. I'm telling you this is going to get rich real quick. Hence my liquidation decision yesterday. Best of luck all. We are in for some interesting times.
I think options are a better bet. Spring will tell you if you should do something more long haul as you've mentioned assuming you will short long or ETFs long.
With Brazil entering the mix (currently in summer) we have our first indication that seasons may have little to no effect. That's the initial thought for why I'm holding off until spring months. I need more data to accurately determine the effects. Come spring I think I'll have a very good idea of what the next 2 years will be for the over all markets.
Given the company I worked for shut down china operations in january, I've been following this more closely then the normal public would. I think we are in for a bumpy ride. For now I can afford to let my funds sit.
My advice is to pull a majority out and take a vacation until spring. Revisit investments then. If you must be tied up in something go safer, lower return.
Please keep in mind my original analysis is cgc was going up. However, I no longer believe this is the case given world problems and not company problems. I think we are in for a down turn across the board. I will revisit my analysis for all the stocks I owned in late march to early april. I am taking a precautionary move that I believe is well worth th risk.
Heads up. I know some folks here value my opinion. So this is for you guys. I've liquidated my positions. All of them. Nothing against CGC, in my personal opinion it's a winner. I have doubts in regards to the broader markets. This is due to the virus outbreak. It is my opinion the global markets are going to continue downward. This will effect all stocks including CGC. I am placing my funds on hold at this time. If you agree or disagree I'm open to hearing your opinions. In the mean time. My funds are now sitting in wait. Best of luck to everyone.
Well I'm sitting nicely now. ??
I was talking about today. If he started shorting at the initial down trend even more reason to collect. IMO.
If it were me I'd cover and take the easy 7% then wait for results on friday. I dont short stocks though. Lol I imagine friday next week will be the best short opportunity it if news plays out as so so or bad.
Correction I think I owned it back in the day for awhile but eventually I liquidated all assets in it.
I think ACB will fail as a company as a whole and be acquired. I have never owned it because of this observation. Best of luck trading it though.
My opinion is we are in for a ride the next couple of weeks. ACB press release is pretty devastating to ACB. Market is clearly effected by this. I dont know how many of you own ACB, I personally never bought as I didnt like the companies disregard for assets and finances. I never have.
My opinion for CGC moving forward. I'd expect to play these teens a bit and potential return to 20s US before quater release. Given ACB news is bad in terms of revenue and over all business I suspect CGC is likely to post losses as well. It makes sense anyway given we have only recently acquired top personnel and the market place is a tough one moving forward. Competition, politics, lots of product ect. I think this will likely leave us in the low 20s and or teens. As such I will be preparing my accounts to load. I'm going to hold what I currently have through this next phase. I am already averaged in teens.
In the unlikelyhood that CGC does post positive results I'd expect we will be heading to 30s. Either way I'm am positioning to weather the storm and load additional assets while still having the opportunity to profit. Goodluck all.
Looks like it's getting shorted in my opinion.
TSLA move caught me by surprise for sure. I think it's way over valued now. Kind of reminds me of TLRY. Never got on that ship either, but it sure was fun to watch. The whole time I was like these people are nuts. Lol. I recall making a big deal out of bruce leaving. I liquidated when that happened. Part of the reason I bought CGC was because I liked bruce. When he went I decided to take my money off the table and take time to re-evaluate. If you notice to looking at the charts we dipped hard after that and stayed down. A lot of this is from the industry as a whole, but I think a lot also has to do with CGC being leaderless as well. I remember in september calling low 20s as well. Didnt think it would go mid teens but it did. I've not been following things to much as of late. Primarily because I've now own at a price I am happy with and I think over time it's going back up, but also because there really hasn't been a ton of tasty news either since I loaded again. So I've put it on the back burner. Take this with a grain of salt if ya want, but I'm not to worried about current price if she does go red. I think this year's going to be an interesting one to say the least.
Yup. Started loaded OCT - NOV. Pretty sweet deal. IMO.
Made that bet in the teens last year. Or atleast started accumulating low 20's and the teens. I've literally just set back since then and forgotten about cgc. Sitting pretty green now. I'm actually a little sad because I sold my TSLA shares in the 300s for profit to buy up more CGC only to watch them break the 500s. I never saw that coming. I mean I like TSLA but when it hit the 320s I was like nope tim to profit and own some cheap cgc. I'd have more money now if I'd held on lol. Blah.
Anyone still holding them teens from 2019? ^^ looking pretty good now. Haha.
Major break out point is getting close. If she crosses it and keeps moving. Look out.
Besides the bill that just passed is a big deal for america. We are 1 step closer. This could bode well for CGC with acreage.
Other thing to note is it may be up significantly in 2 or 3 days, but it's also just filled a gap. I've seen this stock sky rocket in just a few days many many times. We are literally what 2 or 3 US from a potential trend reverse? This could be a change in the atmosphere of things. Weve been on a down trend now for a long time.
I've been loading since like august. I sold my tesla 2 or 3 weeks ago and continued loading. With the major dip I was able to bring my average down significantly. To sell now would mean breaking even. I'm not to worried though. I like what I'm holding for the most part although my risk is now greater then it once was given the amount loaded. I may sell a little today to mitigate things. Not sure at the moment. This is the hardest part of trading in my opinion.
I've got to get into them options. I just havent had time to learn. It's been difficult finding time to manage my current portfolio lately with work, the miss, and deer season. I've been taking a more sit back and hold approach compared to my normal aggressive accumulation and flipping. That being said if she goes any higher I'll have to liquidate soon. I'm now green again. If it hits 23 or 24 dollars decisions decisions.
Looks like it filled th gap in my opinion. So long as it stays with the 19US area we are trading normal. Not convinced shes changing direction, but really happy with them 14s I got. They really brought my average down nicely.
All them cheapies. Thank god I loaded. Woohoo shes exploded.
Loaded more today. Best of luck everyone.
I don't really have a buy price. I've been buying since low 20's when I dropped my prediction back in i dunno august maybe? Maybe july? I generally buy over a period of time. I don't buy all at once. You could say I'm averaging down. I think the current price is a fair one. But I've sold cgc now like 2 or 3 times in the upper 50's and 60's? After having loaded in the teens and 20's? Again I'm really not to worried.
It's a trade at your own risk game. No one should care about what others are making are losing. Guard your assets and yours alone. Besides don't your run stop losses?