Canopy Growth Corporation (cgc) New Hemp Licence In New York City

Discussion in 'Investment Charts' started by Chartman, Jan 15, 2019.

  1. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    914
    Likes Received:
    8
    Disappointing to see the share price drifting so far down but starting to take the look of a period of consolidation. A rise on the way?
     
  2. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,538
    Likes Received:
    20
    I wouldn’t necessarily jump in straight away but this is certainly one to watch as and when it starts to recover.
     
  3. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    914
    Likes Received:
    8
  4. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,538
    Likes Received:
    20
    Wow! This fall seems to be over done - worth a buy on weakness?
     
  5. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    914
    Likes Received:
    8
    Has TLRY bottomed out?
     
  6. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,538
    Likes Received:
    20
    This sector is still in its relatively early days but if you were a large company looking to grab a hold in the market then surely Canopy Growth would be on your radar? Why buy when the shares are flying high - assuming the long term story is still intact?
     
  7. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    565
    Likes Received:
    8
    I will need to look at the fundamental but surely this sell-off is over done? I will report back on this one when I have brought myself up to speed with current trading, etc.
     
  8. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,538
    Likes Received:
    20
  9. Chartman

    Chartman Senior Investor

    Joined:
    Sep 2017
    Posts:
    565
    Likes Received:
    8
    This fall smacks to me of being overdone but the graph is suggesting there may be further downside in the short term - then probably a period of consolidation and then hopefully a recovery in the price?
     
  10. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,538
    Likes Received:
    20
    Overdone in the short term and worth looking at again when things calm down. Surely analysts couldnt have got it so wrong just a few months ago?
     
Tags:

Share This Page