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dygains
Jun 22, 2019 2:06 AM

CGC finding support Long

Description

CGC finding support - will look for cheap calls at this level or out the money
Comments
ChristopherCarrollSmith
It posted big losses on earnings, though good revenue. Usually an earnings gap meets support or resistance the day of earnings, but sometimes it pushes right through that level the next day. I'd wait to see if support holds longer than one day before going long.
Barkworth
@ChristopherCarrollSmith, I agree with you. Almost a Dollar loss per share. That is significant. Market cap of 13.5 billion Dollars at current valuation. I'm thinking shorting is a better play.
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