Canopy Growth Corp (WEED)

[Young_Wild_and_Free]

Earnings will come. In fact, they come every three months. The week before, traders will drive up the price. The afternoon of the day before, traders will sell. The earnings release will have news that some see as great and that others see as signs of doom. CGC’s share price will fall, the traders will profit. Similarly, the longs will just see another quarterly reset to a share price above the previous quarter. Longs also benefit from exogenous trends, like legalization in Canada and many other places. I suspect that the traders and the longs probably come out about the same. For me, it just seems easier to not believe that my own BS moves the market. All things equal, why sweat the daily trading and constant promotion of negative sentiment just hoping (falsely) to create volatility? It is a fool’s errand. Go CGC!