MysteriousPersian
Short

Dont be fooled into bagholding

NYSE:CGC   CANOPY GROWTH CORPORATION
The cannabis bubble is in a full-blown bear market. It risks lasting about 1 more year or more (see dotcom and crypto). The dotcom bubble was in a bear market for 3 years after collapsing.

Most of these cannabis stocks will bottom out over the next several months with big names like NYSE:CGC , NYSE:ACB , NASDAQ:CRON and many more to reach lows see before the bull market started. Such is the nature of bubbles. Only once we've seen a solid flat bottom will it be safe to start longing again.

That being said, theres a possible short term retrace setting up, but it will be short-lived and the bear market will continue into 2020.

Comments

about right, are you still short?
Reply
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