|Day Low/High||13.05 / 13.65|
|52 Wk Low/High||12.86 / 56.50|
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.
* "Everyone" has them Over the last few days I have been working on three problem children -- Macy's , Kraft Heinz and Canopy Growth . Though I have still not completed my analysis (all three companies face substantive competitive and business chall...
It's tough to find when a stock has hit the floor, so let's look at three that fell on earnings and could be poised to rise.
The recently deposed CEO of Canopy Growth is going to shortly appear on CNBC to discuss why he is buying more stock. Must see TV!
bounces +$8 off of its daily low and digests its poor earnings report. I will be doing work on both companies as well as continuing my research over the weekend.
Moved to large Kraft Heinz and Canopy Growth Corp this afternoon.
A host of other cannabis-related stocks has sprouted up that appear better for investing.
After a 2018 high, marijuana stocks are gaining popularity again, but which ones are producing the most green for investors? Here are the charts.
, the object of my recent affection, is starting to pick up in price. I am seeing some large institutional buy interest.
The largest impediment to success for firms like TLRY -- which is expected to report a 27 cent loss per share Tuesday night -- remains federal legalization of marijuana across the U.S.
I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the time comes to sell, y...
Yesterday and most of last week I have been expanding my Canopy Growth long investment position (the stock is on my Best Ideas List). CGC (+6%) and the other pot stocks should thrive today after the Aurora Cannabis revised upward guidance (its share...
Marijuana stocks are getting jiggy today. I don't see any news. I have been steadily accumulating Canopy Growth - based on risk/reward and taking advantage of the recent share price decline.
Another rally (of moderate means) off of the day's lows. Trades today: * Added to (speculative), and longs. * Added to short. * Added to short.
So many stocks, so much news, so little time. The good news is I'm letting you borrow my shovel.