Canopy Growth Corp (WEED)

[stoner422]

That's why right now it's an attractive idea because there is little risk in my opinion. These opportunities to trade the stock with little risk are few and far between. Just as the stock was screaming sell when it was sitting at the 50 day MA and screaming that it was going to test the STZ deal. It screamed sell when it broke the STZ deal. It screamed buy when it failed to break the 200 day MA and it screamed buy because the STZ funds came into play on Wednesday. So what I'm saying was this was easy to read the past two weeks on what the price action was going to be and that doesn't happen that often when you have that clarity. Now apply that to right now, we're at support, a pretty solid floor. Highly unlikely we drop below $36. Now add the stimulus of the $5 billion in cash Canopy has. We all know what they're going to do with that cash and that means acquisitions which translates into a higher share price. Probably the closest I would say to a sure thing as there has been the past two weeks. So whether one wants to buy options, buy on margin or just jump in with a straight up share purchase this is the entry level. I'm long the stock and have been as most know but sometimes you get these gifts to trade it or trade part of it. I'm not saying it's a strategy for everyone, I can afford the gamble without the cash outlay using my shares as leverage in my opinion though it's not much of a gamble.