Canopy Growth Corp (WEED)

[MMPRuser]

What is so exciting about WEED hitting $74.45? I thought it was much more exciting when it dropped below $1.60....

It seems odd to me, we all know that an investment becomes ever more unattractive the higher the price. To hold is effectively the same thing as a buy in my opinion....to hold as the price rises about $74 to me is the same decision as to buy at $74....your return on investment since that moment has been negative, it is a fail....a failure I had no part in

If the stock is going to go somewhere in a few years - call it X, in a few years it will be available to buy and sell at X, then the return on investment from here would be the the difference between the stock price and X, divided by the stock price....obviously the larger the denominator the lower your performance going forward.....

I wouldn't go so far as to call a high stock price 'exciting' - I would call it rewarding....it is not an exciting opportunity for investment, but a rewarding opportunity for divestment

jmo