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.
good day for day trading ...
it looks like we will see a funeral sooner than expected ?
I know a few people who had not sold when the price was over $75/sh .... they still hold Canopy until the funeral ..
buying Canopy for long investment does not make any sense , there is no future for this company .... day trading ? not much - it does not fluctuates enough ... the only way to deal with Canopy is short ..
I do not see how Canopy can pay this debt ? .... each quarter , from the start , they cannot make any money ,
this company will be over sooner that some people think ..... huge debt , no clue how to make profit and now a problem to borrow money from any bank make Canopy helpless duck ..
resistance at $3/sh was broken , very soon we will see the price at $2.5/sh .... ugly earning must be punished ,
resistance at $3 will be broken any time .... fasten belts boys and girls and hold the handrails ...
we see what was so easy to predict ..... slow but steady decline , tomorrow below $3/sh ? ...
so ... what is next ? .... any attempts to push the price up had failed , very low volume today , a hope has gone .... there is a chance that a price will be going down slowly but steady ...
well ... there is a similar situation with alcohol , if you lose control you lose your life ...
I said many times before ... the future of weed production is in hand of farmers , in Canada or USA too ..... tell me why farmers can produce potato or tobacco BUT NOT WEED !
"my advice for naive people ... what to do next ?
a lot of investors were caught expecting promising report , it did not happened and we will see a desperate attempts to push the price up in order to sell at a better price .... so there is a chance we will see , for a short period of time , a price going up and next a steady slide down below $2/sh .... be ready to sell "
============================================================================
it is real fun to watch the battle to maintain or pushing the price up .... but take under consideration what I said above , the fact is the last financial
report was devastating and there is no way to escape ... fasten the belts boys and girls ,
"my advice for naive people ... what to do next ?
a lot of investors were caught expecting promising report , it did not happened and we will see a desperate attempts to push the price up in order to sell at a better price .... so there is a chance we will see , for a short period of time , a price going up and next a steady slide down below $2/sh .... be ready to sell "
====================================================================================================
up above you can see ma advice dated February 10 .... so far we can see what I said
rock bottom will be soon ... below $2.5 /sh.
smart guys sell now ..... soon we will see the price below $2/sh. , this is my advice
sometimes a company does not perform very well at this moment but we can see a green lights at the end of the tunnel like :
new approach to the business , a very good deal , new trend on the market ... and so on ,
and what a pity - I do not see ANY good signs regarding Canopy - just opposite .... the end of Canopy is approaching so fast
my advice for naive people ... what to do next ?
a lot of investors were caught expecting promising report , it did not happened and we will see a desperate attempts to push the price up in order to sell at a better price .... so there is a chance we will see , for a short period of time , a price going up and next a steady slide down below $2/sh .... be ready to sell
Bernstein Starts Canopy Growth at Underperform With $1.50 Price Target
I see coming end for Canopy ... huge debt of $1.5 B , each quarter is a big loss , lay of of 800 workers means save of approx. only $10 M per quarter and it also means smaller revenue - witch is was a corner stone for Canopy to maintain the company afloat ...soon we will see C$0.5/sh
where are our idiots ? I do not see any longer .... Young_Wild_and_Free who used to call me a troll because I was critical about Canopy`s future ....
Canopy also reported Thursday its net loss amounted to $266.7 million or 54 cents per diluted share for the quarter ended Dec. 31. The result compared with a net loss of $115.5 million or 28 cents per diluted share in the same quarter a year earlier.
Net revenue for what was the third quarter of the company's financial year totalled $101.2 million, down from $141.0 million a year earlier.
========================================================================================================
this is a disaster ..... see you at 50 cent
you have no clue what is going on .... we are only less than a week from report which will be another big loss .... the price is manipulated ( push up ) and now is time to sell what we see ... naive people buy hoping for good report ( very slim chance ) .... what do we see on Monday ? ... steady price drop every day until Friday - great possibility ...
report on February 9 ..... in my opinion - big loss again
$CGC has $1.48 Billion DEBT
===============================================
we do not see this Canopy .... soon
Quarterly Earnings Surprise Amount
Fiscal Quarter End Date Reported Earnings Per Share* Consensus EPS* Forecast % Surprise
Sep 2022 11/09/2022 -0.28 -0.18 -55.56
Jun 2022 08/05/2022 -0.7 -0.2 -250
Mar 2022 05/27/2022 -0.42 -0.24 -75
=============================================
as we see , always reported loss is much bigger than consensus !
" Look out for CGC's next earnings release expected on February 08, 2023. For the next earning release, we expect the company to report earnings of -$0.13 per share,"
===================================================
-$0.13/sh means a loss of $63.17 M ! .... and a loss will be much bigger than -$13/sh ... watch out !
in my opinion - yes , we will see run-up to the last moment before earning .... and than , fasten belts boys and girls ....
Based on 5 Wall Street analysts offering 12 month price targets for Canopy Growth in the last 3 months. The average price target is $2.73 with a high forecast of $3.72 and a low forecast of $1.50. The average price target represents a 4.60% change from the last price of $2.61.
=======================================================================================================
it is coming , it does not look good ...
only one month to financial report , it will be the last nail to the coffin .... see you at 50c/sh
soon 50c/sh .... fasten your belts boys and girls
by any means , legalization of marijuana in USA will not help Canopy because this company is badly organised from day one , and the worst sin is huge size in oversupplied market and bad quality of the product ..
"Currently, Canopy Growth Corp's consensus rating is "Moderate Sell" based on 14 analysts according to Zacks. From those 14 analysts, 1 have buy ratings, 8 have sell ratings and 5 analysts gave hold ratings. "
===================================================================================
no good sign .... soon 52 week low ,
who cares ? ... Canopy is going into bancruptcy anyway ..
Earnings announcement* for CGC: Feb 8, 2023
Canopy Growth Corporation is estimated to report earnings on 02/08/2023. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 5 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.13. The reported EPS for the same quarter last year was $-0.22.
=================================================================================================
if Canopy achieves consensus loss of $0.13/sh ( no way ) .. it`s loss = $51M .... another big blow is coming
CANOPY GROWTH TO RING NASDAQ OPENING BELL
Newswire.ca - Fri Dec 9, 6:30AM CST
SMITHS FALLS, ON, Dec. 9, 2022 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) today announced that Chief Executive Officer David Klein and other Canopy Growth team members will ring the Nasdaq opening bell on Monday, December 12, 2022. ..
============================================================================================================
Canopy is going into bankruptcy ... and we see such a bad joke
share price will be 50c /sh soon .... huge debt , no clue how to make money
only smart eye can see this ... this quarter started to look like second last one ... after the second last earning ( very bad ) the price was going up for approximately one month and than went down to new low .... so far we see similar trend , after bad earning the price went up for a month and now is going down steady ...
conclusion : the stock is being manipulated by the same big players ...
good news :))) ... market is green , inflation down ( 7.1 - better than expected ) gas price down and Canopy IS RED ... watch up !