Replies to post #118255 on 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

[Dogger05]

VIXY for me...

[Another Casualty]

I dont have a premium account mate. Anyway I think cruise lines would be a good place to look. From what I can tell theyve taken quite the beating.

As for today we will see deep red in the markets. Primarily resulting from lastnights lack luster press conference on the handling of the virus.

IE it appears that we are going to let this thing get way out of hand before we crack down on it.

Expect CGC to continue downward. I believe the non virus related items pertaining to CGC have already priced themselves in. I suspect the continued chaos in the markets however will be enough to send cgc into $X.00 singles areas US. Again looking for $8.00, nowwhat made obvious that the $10.00 US area is coming. I think we will pass that up and average somewhere between 10 and 5 US.

[happyglass]

Choom Halo and Khiron. People want to ease their pain when times are bad so unfortunately these are escape stocks. I know everybody says you can grow your own weed but you can not make your own Tweed Bakerstreet peppermint milk chocolate bar. It is delicious. So is the Tweed Go dark chocolate sativa. The SanRafael gummies are yummy and the vapes are powerful. The future is bright and everything is on sale. That being said, I am avoiding the Canadian LPs for the moment until they get rightsized. Khiron was awarded a huge percentage of the legal Columbian grow and Halo tho riskier have harvested in South Africa and have a distributor in the UK with eyes toward europe.