So I read this article. It predicted if the Canopy SP drops below its 100 day MA it would drop towards $19.50. The 100 day MA is about $23.9. The SP was about $26 when the article was published. It's trading at about $29 - at this moment. To quote the article...
"A solid hold could be interpreted as evidence that investors have not abandoned the sector en masse just yet. Once the downside is defined, conditions will be ripe for a catalyst (i.e. high-profile takeover) to reignite sector “risk on” sentiment once again..."
I don't mind contrarians. But why try to scare people?
Who will re-finance them at the higher prices? CAN had a CR at $2.50 and plenty, including me, bought in.
QBL Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held