|Day Low/High||20.72 / 21.90|
|52 Wk Low/High||17.89 / 52.74|
* Like clockwork! For the sixth day in a row traded lower in the morning and rallied in the afternoon.
Maybe I am stoned but for the fifth day in a row has traded lower in the morning only to advance and turn up later in the day.
Very odd today. My most speculative cannabis holdings (e.g., iAnthus Capital Holdings ) are moving up smartly while the less speculative names are languishing. Not sure what, if anything, I should make of this. I would also add that, for the fourth...
I have recently passed on observations about the improving patter on performance of shares. Well, on cue, here is some good news from Canopy Growth this morning: European Update: Canopy Growth Secures Exclusive Opportunities in the UK & Luxembourg C...
These 'bearish bets' are showing both technical and quantitative deterioration.
As I have observed, and for the third day in the row, has dipped in the morning and rallied off the lows. I have been a buyer of cannabis all day!
"Just one more thing." - Lt Columbo For the third day in a row Canopy Growth pulled back hard in the morning and came back in the afternoon. A trend? I certainly hope so.
What would you think if I sang out of tune? Would you stand up and walk out on me? Lend me your ears and I'll sing you a song And I'll try not to sing out of key Oh, I get by with a little help from my friends Mm, I get high with a little help from ...
I thought the sector might have been bottoming out, but it's not.
This group appears oversold and downgrades of the big cannabis names may trigger a "buy the bad news" reaction.
Let's see what the charts and indicators have in store.
The market doesn't share my optimism on the management change at Canopy Growth . Nevertheless I am buying aggressively at around $22.10.
Break in. David Klein, Constellation Brands' Executive Vice President and CFO, is becoming Chairman of the Board of Directors of Canopy Growth. I view this move as a strong commitment from STZ and a positive for Canopy Growth shares.
Why I'm leaning toward a trade in the former cannabis darling.
Maverick: I feel the need... Maverick, Goose: ...the need for speed! (high five) - Top Gun In my investing career I have tried hard to uncover and develop unique sources for value-added fundamental information - that many fail to investigate. Case i...
The producer of alcoholic beverages offers mixed technical signals, though trading volume in the shares has been diminishing this year.
What is the green swan that will bring buyers back to cannabis companies?
Bank of America has downgraded Canopy Growth to "Neutral" from "Buy" (they have been very bullish from the high), saying industry growth could potentially flatten in the second half: "To be clear, we still see Canopy as a long-term leader in an indu...
I'm considering establishing a long investment stake in a package of cannabis stocks, with emphasis on U.S.-based companies.
As expected in this morning's opener, cannabis stocks have caught a bid. I have added to Canopy Growth on the small morning dip which followed the initial "pop" higher.
* CGC could trade up to over $30 on the successful House vote passage of the SAFE Banking Act announced last evening * While the short term may remain rocky (pot stocks are down by nearly 50% since April), investors with longer term timeframes shoul...
Let's go to the charts and indicators.
I just made the first trades of the day: * I added to my short at $140.94. (TLT is up by nearly +$5/share in the last few trading days). * I added to my Kraft Heinz long at $28.18. (As I wrote, 3G's sales of a small portion -- 25 million shares -- ...
* I continue to trade opportunistically and unemotionally - with a calculator in one hand and a contrarian viewpoint on the other hand * The overnight +20 futures rise (China trade-related) has been reversed to a gain of only 3 handles by 6: 30 am *...
Several watchers and market players are deep in the weeds, tracking short action and key companies like Canopy Growth, trying to find out whether the industry has turned over a new leaf.