No trend updates, here, original idea holding up pretty good. Lets see how it plays out.
Bit surprised CGC couldn't bring anything to the game for earnings, they really are a fundamentally strong company, but here's what happened if you're curious.
The ACB earnings FOMO pop pushed the entire market from great value to poor value in one week.
Every buy above $17 seems to have been a small pre-earnings FOMO.
Can't feel too bad, it was a smart hedge just in case of a pop and the long term value here is still solid.
Whole segment still overvalued will continue slide not really worth updating any of my ideas at this point. Maybe looking to load up around $12.
Will come back around once we get mid-way through June when we get back into good value range.
Stay tuned and happy harvesting!
Bit surprised CGC couldn't bring anything to the game for earnings, they really are a fundamentally strong company, but here's what happened if you're curious.
The ACB earnings FOMO pop pushed the entire market from great value to poor value in one week.
Every buy above $17 seems to have been a small pre-earnings FOMO.
Can't feel too bad, it was a smart hedge just in case of a pop and the long term value here is still solid.
Whole segment still overvalued will continue slide not really worth updating any of my ideas at this point. Maybe looking to load up around $12.
Will come back around once we get mid-way through June when we get back into good value range.
Stay tuned and happy harvesting!
Data analyst with a passion for best fit lines B)
