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legalization i USA is so far away ..... we are talking about years ! .....
Canopy is absolutely to big for overcrowded and oversupplied market , and on top of it the company`s setup is wrong ..... they have to reduce the size by 75% to have a slim chance to proceed and survive ...
https://www.tipranks.com/stocks/cgc/forecast
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it does not look good at all ...
recommendation = strong sell
you should not drink so much .... you lose your mind
you are so off ! .... it is so sad
are you ok ?
Canopy said they laid off 250 workers in order to achieve profitability in 18 months ! ....the problem is they said the same 6 months ago , 18 and 24 ! .... the company is way too big ! ... badly organized and on overcrowded and over supplied market the chance for Canopy to succeed is ZERO !
for # of reason black market holds firm for many years to come ...
we will be much better of if you speak about weather ...
typical UP before earning which according most of investors will be catastrophic ..... I shorted BIG TIME ! at $8.48 .... there is no recipe for over saturated market ...
i shorted at $8.48 .... big time !
I rather see , for now , drifting sideways , up and down and than - if earning is bad ( looks like ) a substantial drop .....
earning - May 27
" shorting " cycle is over , here we go :
cover/buy - $6.81
sell - $7.7
gain - $0.89 = 13.069%
invest. - $218500
profit - 218500 * 0.13069 = $28555 ...
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now I am waiting for right moment to short BIG TIME...
layoffs = coming earning will be very bad ? ..... waiting for good moment to short ..
he is right ! .... we can only survive if we listen what opposition says ...
Happy - you have a problem with it ?
"" You just proved my point Bonno :) its all good, there is room for everybody. ""
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room for everybody in on cemetery ...
when I watch Happy I see a person who pays attention to imaginary details ... and at the same time Happy having a problem to see a general picture and consequences ..... very sad , Happy looks like a good person ....
in reality Canopy`s management says the same all the time and we DO NOT SEE ANY RESULTS ... THIS STATEMENT , IF I UNDERSTAND CORRECT , IS NOTHING ELSE BUT PREPARATION OF INVESTORS FOR BAD EARNING !
I said before many times .... incoming earning will be .... " TO BE OR NOT TO BE " for Canopy .... at this moment I do not see any signs for good break ? ...
I have decided to cover , maybe I should have waited longer ?
here how it looks :
short at $10.07
investment = $218 500
cover at $6.81
gain = $3.26 = 32.37%
profit = $70 728
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now , you say " stay long " .... ? tell me one thing , where do you see advantage to stay long ?
I am waiting to short again - this is my plan
don`t you see that Canopy IS NOT AMAZON ? that Canopy already is too big and cannot compete vs small companies on over saturated market ? you repeat again and again LONG RUN ! tell me what is advantage to stay Long ? .... can Canopy kill competition ?
NO ! ... to do this they have dramatically lower the price and this is impossible because already Canopy cannot make a profit ....
so what Canopy can do to improve situation ? not much ...
your only hope is that Canopy can cut the loss , the price goes up and than sell as fast as possible ..
in my opinion there is ONLY ONE REASON WHY NOT TO STAY LONG..... Canopy is too big company for ALREADY OVER SATURATED MARKET ...
for now Canopy is good for shorting .... long term ? hmm , of course HYPE has gone for good and a profit kind of 500% is absolutely impossible but ! if your desire is much less you can hold it ....
ONE GOOD EARNING can push the price dramatically up - the question is .... will we see this ? for now the answer is NO .... the company is too big and the set-up is wrong ... smaller , better organized companies have much better chance to succeed ...
Happy ... do not be so serious , it was a joke ! ........ if you fell offended I am sorry ..
simple answer .... people should do what they know how to do ..
why should I leave ? .... it costs me ( on black market , delivery to my door in 1/2hr. ) $3/50 THC ! and the stuff is superb !
............ in legal store the cost is $8/10 THC .... HUGE DIFFERENCE
is any chance for legal market to improve situation ? - no way ....
very drastic and wide reforms are required to beat black market ....
dear Happyglass ..... do not you think you will be even more happier making perogies ?
are we going to see the price of $4C ?.... YES , WE WILL SEE THIS SOONER THAT SOME PEOPLE THINK ...
I see some idiots back ! .... good occasion to have good time ...
usually Canopy follows DOW ... but recently NOT ALWAYS !
.... today DOW is 400 points up and Canopy is red ! very bad signs , investors lost confidence on Canopy ...
price $7.53C is still way to high , soon $4C-$5C .... coming earning will be the last nail to the coffin ..
big companies like Canopy CANNOT CHANGE ... demolish and start from scratch ...
legal weed sector in Canada is finished ..... only major reforms can save this business ....
at this moment Canopy is good for nothing .... I shorted at $10.07 ...
day-trading does not work very well - not enough moves .... coming earning in May will be crucial ...
if coming earning is bad.... it will be the last nail to the coffin and we see the price of $4C-$5C ...
a cat too ! .. it killed the dog ...
why people do not buy in legal store ?
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because the very high price !
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let us compare the price :
1 - in legal store you pay $8 for 10 THC
2 - on black market you pay $3 for 50 THC ( $0.6 for 10 THC )
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so in legal store you pay 13 times more than on black market !
I am so sorry ... but my source says that a Martha`s cat killed her dog ?... and animals ( cat and dog )were drinking and smoking heavily
I visited weed store close to my house ... what is new ?
dry weed for $7/gram - not bad but! according the store owner nobody buys it ... people want GUMMIES ! but the problem is number of THC and the price .... vast majority of people need to enjoy min.40-50 THC/gum ( $3 ! on black market ) ... when in the store you pay $8/10 THC ! and as a result people buy NOTHING ! in the store , the owner tries to sell his business ! ..
I know ! ... all of them stay tuned blaming each other , when we suggested to sell long time ago ... they called us trolls !
where are famous Drivepack and Wild ? .... counting loses ?