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.
no , we will see red days ...
I would wait a week or two .... of course it is your decision ...
it is an irony that black market keep the legal price low ... this is very important factor which prevents weed companies from making profit ...
I do not agree with your assumption ..... take a look at California , weed is legal there , population huge and ? ... it did not help at all .... because OVER SUPPLY is the main problem ...
the biggest problem of a weed industry is OVER SUPPLY ...and only than we can talk about black market , many regulations , tax , costly labour , ... and so on ,
to change this " black hole " we need MAJOR DECISIONS like allowing farmers growing weed without interference of government - and I do not see this in near future ...
" the short hedge funds can move the price of CGC any whichway they want. "
===================================================================
not so easy ..... at this moment it is impossible to push the price up FOR A LONG TIME ....
because IT IS AGAINST A COMMON SENSE ... for a short period of time ? more likely ...
recently we have seen daily drop by 7C -9C and it was BEFORE a devastating report .... and now , when we know how bad the report was - you think that today drop by ONLY 9C is the end of red days ? .... John , wake up !
do not be naive , you can do much better .... this is only beginning of dramatic DOWN ROAD .... what makes you think that 50C is a bottom ?
SOUTH MARCH already started .... do you know what to do ? ....
I do not buy crappy companies ... I short them
I short , big time at $3.75 .... my interest is clear like a crystal !
I will not be surprised if the price tomorrow drops to 30 cent - 40 cent ( Canadian )
I said a few weeks ago .. based on my internal information .... the report is so bad that management does not know how to deal with it .... and today we see this unprecedented earning ... I was ready for a mess but NOT FOR THIS !
Canopy Growth reports $648-million net loss in fourth quarter ...........
================================================
here we go ...
consensus is :
-12c/sh = aprox. loss of $60M Canad.
revenue = $72M Canad.
======================
I have made a mistake ... this is correction
consensus is :
-12c/sh = aprox. loss of $60M Canad.
revenue = $60M Canad.
you know my opinion reg. tomorrow earning ..... what is yours ?
" until legalization in the USA happens ..... " ? if you think that legalization will create a miracle - you are so wrong , look at what is going on in California , first of all Canopy MUST dramatically improve its performance and I do not see it ... watch for tomorrow !
" Currently, Canopy Growth Corp's consensus rating is "Moderate Sell" based on 9 analysts according to Zacks. Currently, there are 1 buy ratings, 4 sell ratings and 4 hold ratings for the stock. "
==================================================================
do you know what to do ? wake up !
a global situation can have a severe impact on the company .... but first of all the company MUST PERFORM WELL BUT ITSELF ... which is not the case with Canopy
I guess you are close or not ? ... the situation will be crystal clear in a week,
.......... if earning is bad ( this is what I see ) , watch out !
last Friday is a good indication what is behind the corner .... red day at volume 8.9 million ! ... do you know what to do now ?
Canopy is only one of 7 companies I deal with ..
I shorted , big time ! .... a $3.75 C .... long time ago , you can check me reg. this short on this forum ( months ago ...
you can say whatever you want .... the end is close , wait for incoming earning .... I mean the last nail to the coffin ..
what do you smoke ? ... in same states of USA weed is already legal and it did not help a lot ...
weed companies still cannot make a profit because of over supply .... wake up my boy !
next week earning ? ... it means " to be or not to be " .... decisive blow ?
a lot of people think that legalisation on federal level will help weed companies in USA to make a profit .... this assumption is so wrong .... take a look at states where weed is already legal .... no change for better , they cannot make a profit !
too many speculation .... not enough common sense ................... I DO NOT EXPECT ANY POSITIVE NEWS FROM CANOPY , coming news a devastating blow ?
expecting bad earning , it is safe to say that the price after will drop below 50c ( canadian ) ... watch my lips boys and girls and fasten the belts ,
ok , thank you for your opinion ..... but you said nothing about PROFIT .... this company is too big and badly organised from day one to make profit ..... you cannot survive without making money for ever ....
if you see a green light at the end of the tunnel ..... tell me what is the base of your optimism ? .... I am asking for evidence - not a wish ...
to see " green " ? must be a reason , what do we see now ? .... we see " red " which is coming earning , very much " red "
you think so ... ?
now , when smart players know that devastating earning will be published not earlier than June 23 NEW THE GAME STARTED WITH NAIVE INVESTORS ....
does Canopy try to cook up earning ?
disaster ? ......... or not ?
how many hats do you have ?
will be worse after earning ..
I have got some information regarding earning .... according to insider the results are so bad Canopy does not know how to deal with it ..