Crypt0151
Long

Another stock i really like. CGC to survive the Bubble.

NYSE:CGC   CANOPY GROWTH CORPORATION
Good evening traders.

I thought I would share another stock I really like for a couple of reasons. CGC is at a great entry price, even if we fall lower good dollar cost averaging will leave you in a good place when we return to the upside.

So my first reason, so called pot stocks have been getting a bashing by the media the past 6 months(just like crypto) most books I read and all the great traders of the past all like to buy when panic and fear are In the market, if the stock is good of course, it has to show potential in the future.

Second reason, most companies to come out of a so called BUBBLE, they have to have deep pockets or strong roots, I feel that CGC will come out strong on the other side.

And finally, the decline in the stock and low earnings was not all down to the company, economic and regulatory factors were huge in this.

Now I am not a financial advisor, I just read the charts and see what they have to offer, personally this is a stock that I own and I am simply sharing my thoughts for educational purposes.

This is again a long term hold and I don't have any short term T/P in mind, any TA on my chart is simply for learning/testing purposes.

If anyone has any opinion on this stock I would appreciate the feedback.


Every day is a learning day.

Trade safe people.

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