Canopy Growth Corp (WEED)

[Another Casualty]

I'd be watching oil to short. Theres evidence that the saudis will continue to ratcheting up production. This will drive prices further down.

You could also buy the inverse etfs against the S&P and Nasdaq daily. They'll be going down. Watch out for compounding.

Or you could take the time off from trading and start building a list of companies to buy when we hit bottom. Which is what I will be doing. I may dabble in inverse etfs as well if headlines peak my interests.


My major focus moving forward will be looking at the fundamentals and buying up the companies that have strong fundamentals. Delta airlines is on my radar for example.

As for major companies that stand to benefit from the virus. I'd be leery on buying simply because the ground floor hasn't been established yet, but when it has I think you could profit handsomely from them. Netflix is a fantastic choice.

I'll keep CGC on my watch lists. I think it still has potential long term and I will likely acquire a substantial position when bottom of the major markets has been reached to hold for a very long period of time.

I'm thinking this will be somewhere in the teens on the DOW based on a historical perspective. Target pricing between 15K and 18K at which point I will likely take up initial stakes in all of my selected positions