I think a more reasonable buying level for this stock, would be around the $18 level. We're post hype. Investors demand clear paths to profitabilty. Canopy executed too fast and too much, and it is currently a big mess. Moving toward Cannabis 2.0, we may see some bear gaps close, but when the next earnings come, you may see that large red candle, screaming "I got all your money".
I'm just saying, careful with this one. Actually, careful with all of them.
randomaliencitizen
⋅
@Barkworth, Thank you for the insight friend. I will double down If we dip to those levels.
Barkworth
⋅
@randomaliencitizen, Agreed. If you have the breath and stomach, it'll definitely make it back up there. After all, that red candle doesn't get your money if you don't sell. Hehe :-)
I'm just saying, careful with this one. Actually, careful with all of them.