Canopy Growth Corp (WEED)

[Another Casualty]

Big thing you need to remember Happy is that the shortest bear market is 3 months pull back. The longest is 61 months. The average is 14 months. Now this pull back is pretty.

It's also pretty dang risky. Because history is not on our side nor is there any evidence that the virus will be going away anytime soon. In fact it now appears that it's coming back in the fall.

In addition to this we are at least 12 months to 18 months out from vaccination. We can already see the havoc being wreaked on NY.

History and current events says wait. You can trade this by all means. But set your limits and take profits. If you buy and hold this for long term you are likely buying in somewhere in the middle.

If the markets deleverage you will see 60% from the top easy. Maybe more.

Critical component to prevent this from happening is people must spend money. Dunno about you, but everyone I know isn't out doing that right now.