Canopy Growth Corp (WEED)

[nowwhat2]

So did that last "Distribution" catch many by surprise ?.....

It DID get a bit tricky / for sure, remember ?


September 2018


2 weeks later it established a new All-Time-High....
And THEN the suspected "Distribution" kicked in....
Basically dropped almost 50 percent !

Anyways,


Now ;

A re-visit to that level as earnings approach seems to be a likely scenario .....
Should probably pick up (on dips) February calls, just for that very reason....(altho not without risk)
And then if the numbers are (as most here are hoping) AWESOME or perhaps even satisfactory, then the Green Arrow will blast thru Resistance !
Which I don't perceive as quite happening yet - It's gonna take more than 1 quarters numbers....
So sideways she'll go for a while (barring great news), which is generally constantly lurking !





The risks (and rewards) of buying calls at this time :
Something a little closer to The Slick Blue Line would lower ones' risk quite a bit