Replies to post #2172 on Canopy Growth Corp (WEED)

[DrGreenthumb]

Agreed. If you consider the anticipation for what is obviously the creme de la creme of MMJ stocks, nobody, and i mean NOBODY thinks we have reached maximum potential in the first 5 trading days. Maybe even some Hi Frequency Trading was involved. Who knows, but nobody who is getting out doesn't have the intention of getting back in. The just think they might get a better price... BUT THEY STILL WANT IT!

[TMEvans]

Let's not forget there are something like 20 million shares out there with a cost base of between 50 cents and a dollar (the original CPC shareholders, at 50 cents, of which there are around 1.5 million shares, and the private investors who bought prior to the merger with the CPC... something I read said the last round was done at 89 cents, whihc is where that number that keeps popping up comes from). I have to imagine that no small number of those guys are thinking that a five-bagger might be worth crystallizing! Some of those guys are probably reflected in the volumes we saw earlier this week, but until the rest of them who are planning to be sellers are out, there will be some pressure and volatility.

Me, I'd wait until we saw some indication of sales progress though, and I am still betting that with the right market, and milestones achieved, we will see $5.00... but it won't be overnight.