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I charted the data of my loaned shares interest rate as it related to short interest. Let's see what the next set of data says about short interest.
My thesis is that once you start to see the interest rate climb you see the SP climb with it because shorts are being squeezed out. However once the interest rate peaks the SP will start to drop because shorts are entering.
Interest rate starts to climb? Open calls shortly after. Interest rate starts to drop, puts.
Split the stock, lock up the shares that will go to Acreage, announce deal with pharma partner. Dilution with more shares being locked up.
People fail to remember that while the share count is growing - 49% of it is/will be locked up with Constellation. Bruce said these shares are not available for trading.
Excellent connection there.
You have hit on the exact thinking I had as well. I also inquired about that share structure and Constellation can buy some of the shares in the open market.
This may be a stretch but the idea came into my head because of what Bruce said in this interview yesterday - https://finance.yahoo.com/video/canopy-growth-ceo-heres-investors-213357258.html - Start at 5 min mark "If we run clinical trials really well, I better start getting phones calls by the end of the year from pharmaceutical companies" Then he goes a little more into it. I would not be surprised by a Bruce Bomb involving a Pharma company investing into Canopy's health arm.
Posting this here:
For those of you who know me, you know I do not speak strictly from rumor. I also do not wish to go in detail in a public forum.
I believe that a pharma company will come in and buy a stake in Canopy. Not unlike Constellation.
I have also confirmed that this is possible and allowable under the agreement with Constellation.
No time frame.
Nicely done Bruce.
Bruce keeps reminding me why I've held and collected rent on my shares.
Not really a fair statement. Look at FB/Lyft after IPO just to give two widely different examples.
This isn't new news. Constellation said the same thing at their earnings call.
If you have a trading terminal it will be there.
So it appears this came from CEO Bruce Linton at GMP conference: $WEED.CA to generate over C$1B in sales in 12 months from April 2019-April 2020
So not April but April -> April.
Benzinga printed a news headline that Canopy will generate 1B in April. I think that can't be right.
Good investment on RIV part. Still waiting to add at gap fill if it comes.
I see a gap around 2.50 U.S. that may need filling. Setting my next big buy there.
I believe the news was related to U.S. companies listed on CAD exchange. That being said, it will eventually open up.
Scale scale scale. No one is paying attention, this is when you accumulate.
Big miss for Canopy on the German licenses. I'm disappointed. Any idea if Germany will issue more licenses?
Still scaling in.
Will need some follow through tomorrow but I like the increased volume today after the "pop".
Canopy GROWTH owns part of AUSCANN. Deal was made May 09, 2016.
Rivers reported profits last Q, I don't see why we wouldn't this Q either.
Let's see if we get a second wind in the sector to break into new highs. I feel like the fed killed all our momentum when in Oct.
I'm not too concerned with earnings now. More about how are they going to grow globally. Steady moves will make all the difference with this name.
Wow, those order numbers have collapsed. People must be transitioning to rec.
Thanks!
Right on, that's why I went heavier in between yesterday and today.
I agree with that sentiment. Here is where I see RIV being different and worth while scaling in.
1. Very few people know of it right now and the daily volume shows it.
2. Bruce has said this is where the dividend will eventually happen.
3. Low float thanks to most of the shares being locked up by CGC and other long term lock ups. Could make it rocket up when hype on it hits.
4. Locking in such a diverse range of deals that it makes it a virtual ETF.
5. Bruce is running it. I trust him which means I don't need to stress about it. He made us all alot of money over the years, now he gets to do it again without making the early mistake he made with Tweed.
My plan continues to be scale in until first uplisting.
Oh for sure. I got more yesterday and today. I was keeping cash on hand and I got paid today from the rent on CGC. One fuels the other.
Scale in Scale in Scale in.
Dunno what the rules are for fully paid lending in Canada vs. U.S. =(
Aww man the short covered and my shares got returned. =( Guess 9% was too pricey lol.
I've been slowly accumulating RIV. It's low float could make for a wild ride.
What a ride it's been and we get to do it again with Rivers =)
Canopy appears to be the strength leader today. That was a change from yesterday where it was weaker than the top LP names.
Today's fully paid lending interest rate jumped to 9%. I also purchased more shares from this months fully paid lending check for Canopy Growth.
So with this new article citing 32% market share it looks like Constellations Q call citing the over 30% market share has been reinforced.
Google Fully Paid Lending. Your broker may or may not participate.
FYI - Rivers is now part of fully paid lending program. 5% interest today.
Rivers is now part of fully paid lending program. 5% interest.
Purchased some more.
So a thought about today since so many are talking about Canopy earnings expectations.
OGI reported today and it was a miss, but guidance was strong.
Do earnings right now matter? I expected OGI to drag down the sector but, nope.
Indeed=)