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Nowwhat is all about the technicals and graphs. I'm fundamentals mainly, but I certainly use graphs as well. I just dont post them because now what usually has plenty of good charts already out and available haha.
Volume is likely low because most traders are not actually trading at this time. I imagine a lot are sitting on the sidelines and seeing what the market does. That's what I'm doing. I wont buy CGC even at the levels with the major markets poised to continue downward.
It's not over blown. It's inline with the overall market with the virus impact in addition to the recent restructuring move. It is unlike to gap up. Theres to much going on.
Gotta let the dust settle. Trading period is becoming difficult.
Omg good thing glass exists.
Ahahaha jokes on you bub. Most if not all high quality medical grade cannibis is grown in doors. Now I cannot take you seriously anymore. You're full of fluff.
Okay. Name one successful business that hasn't made mistakes. I'll wait.
You're talking about a pioneering company. Mistakes will be made. It doesnt mean profitability and share holder value isnt there.
Alternatively I can name plenty of examples of companies that have made mistakes and surpassed all expectations.
Not sure what reality you're living in.
Aside from the virus CGC closing down to plants is a good move. From what I can tell they aren't selling them or completely getting rid of them. It's a supply demand thing. Companies do it all the time. When business takes off you open the plants back up.
I think it's a very smart move. They could come back into the picture down the road. Imo.
Take the overall markets into consideration. It's not just cgc closing grows. Several companies are closing doors temporarily.
Key word temporarily.
15 and Change is the name of my band. That's funny. Haha I think you should evaluate 14s. If things really begin to ramp up you should evaluate even lower positions. But I think 14s is a good place to start setting initial buys pending nothing super devastating develops. This is a very difficult situation to predict time wise. I'm holding off CGC for now. I'm thinking of day trading SH. For the next couple weeks.
To prove a point look no further then Amsterdam.
I disagree. CGC is the best choice imo for any cannibis related stock in canada. Simply discounting everything they have achieved and saying a that few business related mistakes will cause its downfall is narrow minded.
Betting on beverages is a great idea. In fact anything that can be consumed via alternative pathways to inhalation will be very profitable. If CGC can nail down a great beverage line they will dominate a niche part of the market. Even better they have constellation to back them.
Yah. I'm looking into SDS SH and SQQQ also looking in EVIX.
Look at the bigger picture mate. Sit on your cash and wait. It's a waiting game now. Or play inverse/short.
It's not dead in the water. So long as the doors do not close permanently. Haha
Everyone on the board should expect major plants to start closing doors CGC is simply following best practices at this point. My company has been doing the same since early February.
Continued downward trajectory across the board for all stocks. Certain ones will fair a little better then others (primarily companies that sell the products necessary to fight the virus ie 3M) but all together we are going down.
Best of luck to all. Still sitting on cash at this point.
I work for an international company. Weve closed down two manufacturing plants and as of today we officially have our first case of the virus in Denmark. Next week my site location is having a company wide meeting to address this.
This virus will without a doubt have a major effect on the market. Hate to say this so early in, but at this point I'm 95% certain we are entering recession/bear market for the remainder of 2020. Best of luck all.
On a side note I did flip 3M today for a measily 5% gain. Not bad imo taking the new government deal and running with hype. Haha
Lol covid 19 has everything to do with this and all other stocks. Theres so many I want to buy when the dust finally settles. I've never had such a large watch list coming together. Holy cow.
The world's not ending. This is not conspiracy theory either. Pretty basic stuff.
How does this affect CGC?
Virus outbreak causes disruption in supply chain. Now CGC cannot get parts from other manufacturers or employees are sent home. It happens on a very large scale so the global economy decides to go red for an extended period of time. CGC's prices will follow.
What's happening in iran is a perfect example of what will happen when the medical systems become over loaded. It's what could happen. Westerners are just now seeing this start up. It's not doom and gloom, it's worse case scenario. I use it as a gauge in fundamentals. We are also seeing schools closing for extended periods, social events being canceled, quarantine, shutdowns, ect all over the world. It appears to me the west is downplaying the situation significantly.
Unfortunately I can't share the video, but I can say this. Numbers in iran are under reported. Should this get any further out of control a different picture could be on the horizon.
Theres reports coming out now indicating this will cause a recession.
But it's a waiting game. 65 cases on friday US. Over double that now US.
The end of the month is gonna be interesting to say the least.
For now I will remain cash only.
Just got the chance to see a video of an iranian hopsital right now. Wish I could share it, but the owner is keeping it from the public. I guess the person who took the video is a relative and it could place them in danger. Anyway in the video there are bodies everywhere all linked with covid 19. I've never seem something so f'd up. They are dropping like flys over there and the numbers are being way under reported.
The source is a very close friend of mine that has relatives in iran and works/is helping at one of the local hospitals. I'm telling the board. Pay attention to iran and the news as it relates to the virus. From what I can tell the virus being show by the media versus what I just saw is way way more serious then we are being lead to believe.
This could be indicative of what's to come. If it gets to the point of what I just saw the markets are in very very real trouble.
I'm sure some of you wont believe this or will want a video, but I unfortunately cannot provide that so feel free to disbelieve this as well if you want to. I'm a bit in disbelief myself and I saw the evidence first hand.
Right now it's about determining the health of the overall markets. Clearly the cannibis markets arnt doing well fiscally for the quarter. If the over all markets establish a bearish trend then I'd say we have a ways to go before an entry point can be predicted. That's why I'm holding off. I like the current price from a none investment perspective, but my gut says we havent hit bottom yet. I dont trade if the overall market is in jeopardy. Atleast not normal trades. I'll be looking at puts and inverse ETFs if the market doesnt bound back soon. My deadline for that is end of the month.
It's not confirmed. Its assuming that the virus follows a similiar path to other viruses mainly the flu. There is also the fact that we do not see it taking a foot hold in countries currently experiencing summer conditions. It's not a bad theory, but it could be wrong.
What makes my post doom and gloom?
I'm waiting till the end of march as stated We need more time to see what happens. New data is suggesting the virus will respond to seasonal changes which means the economic feedback could be limited and things go return to normal late summer. For now it's all about the numbers.
Seems this mornings rise was short lived and the fed increase is having the opposite intended effect. Uh oh.
I disagree, but buy to your heart's content. I definitely wouldn't be buying ACB. Lol
Recent fed boost will cause a slight rebound in the short term. Not sure this will effect long term out look. Supply stoppage/shortage is a tricky beast and interest rates are already an all time low.
Changing outlook. Expect a rebound in the short term. Still leaning towards bear market developing. I am looking for confirmation by end of march.
I'd take this with a grain of salt.
It won't last. Still placing my bet that the DOW is continuing down.
That it does. Lol I've made bad calls before. I don't see it recovering overall. Not buying at this time.
Yes, bit I think its unrelated to aphria. It's the broader markets that will pull everything down with them. This quarter alone is going to be down. I dont see a recover occurring until at least 2021 and there are a lot of factors that may prevent that from even happening. March is going to be an interesting month. Short term prediction is down. Long term prediction is undecided. It's either going to be down as well or side ways. Probably both. I need more information to gauge the extent of the downward progression.
I am still firm on CGC heading to 14s US this week.
*red leading into the morning before opening bell. I think both close red today. If they do CGC will follow.
Both DOW and SP futures were red over the leading into this morning. Hmmmm.
Keep in mind li liquidated during the week and I am not sitting on cash until end of March which will tell me if it's okay to get back in or play the markets in an alternative way.
I am waiting until the end of March to make the final call. There is growing evidence that it will be long term and market wide.
The DOW right now is confirming everything. Difficult times ahead. Best of luck you trading forward. Will continue as always to enjoy your charts.
It will hit 14s US next week. Buy it if you disagree.
You are assuming the major markets go bullish again. All indicators point opposite. Evidence suggest a recession has arrived and it will be amplified by this virus. Your optimism needs a reality check. I hope the best for you. I know plenty of traders that placed the same bet in 08 and lost everything.
You are witnessing a once in a lifetime event and causally brushing it off like its every other day trading the markets. That is a recipe for disaster.
Does it really matter given that the dow and the tsx are both sinking as we type? Are you so unaware of events that you believe this will return to normal Monday? This will continue down until something changes regarding the major markets. Again you are playing at a fool's game. You cannot win here. The best decision you could make would be to wait. Sit on your cash. Buy it when the dust settles. Huge risk involved with this. I'm not convinced this is the bottom.
Hate to break it to you kid, but it's highly unlikely there will be a Monday rally.
At this rate I'm actually hoping it turns around and at least breaks even today (DOW) god only knows where its going if we have another 1K loss day.