I am bullish on this cannabis stock for many reasons.
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CPH has been trading at all-time lows for many months. There have been numerous opportunities to execute a long position and hold this trade. I am expecting CPH to move quickly over the next few months as it establishes a foothold in Europe and Australia following the pending reclassification of its products (TGA in Australia).
@PRO-DAY-TRADER, Medium term. The current short term jump got the SP to 0.2. Are you still confident in a further jump to 0.4? And then long-term - $1 by early new year?
MatthewMallet
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@WalkerCW, for me, this is only the start for CPH. Pending positive news regarding legislative changes to cannabis, I see the whole industry snowballing. CPH is very established and I plan on holding until it has breached all-time highs and thereafter.
WalkerCW
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@PRO-DAY-TRADER, Thanks, appreciate the feedback. It will be happy days if you are spot on with their predicted growth. Cheers.
Iliketoplayafiddle
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I am Bearish on cannabinoid stocks in short term to mid term, its done its run. The R&D hasn't been done to do much on side of uses for medicine and the pharma apps are still in trials. What we do have is finally more US states decriminalizing of it and UN giving a rethink on it as an important medicine. The issue is cannabis is too easy to grow, there will be no shortage of local production.