I bought TWMJF (Canopy Growth) and the price jumped from 3.09 to 4.06 and I sold. Now it continues to rise. Looking at the chart it seems it had a very steep rise and I am thinking it might fall back and, as mentioned in the article, establish a base. However, the US election is coming soon and I am not sure if there will be buying into the election and then perhaps a pull back later? While I don't think the Canadian companies can sell in the US, there would be some indirect benefits to US companies, such as technology transfer. Also, they can sell in other countries, like Germany.
Just wondering if anyone has a strategy for buying this stock (or similar stocks) over the comings weeks, through the end of the year? I agree that tax season could have an effect, so perhaps buying on dips and selling with any significant increases with a view of toward lightening up in December might be a strategy?
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Cannabis In Canada Update, August 2016
I bought TWMJF (Canopy Growth) and the price jumped from 3.09 to 4.06 and I sold. Now it continues to rise. Looking at the chart it seems it had a very steep rise and I am thinking it might fall back and, as mentioned in the article, establish a base. However, the US election is coming soon and I am not sure if there will be buying into the election and then perhaps a pull back later? While I don't think the Canadian companies can sell in the US, there would be some indirect benefits to US companies, such as technology transfer. Also, they can sell in other countries, like Germany.
Just wondering if anyone has a strategy for buying this stock (or similar stocks) over the comings weeks, through the end of the year? I agree that tax season could have an effect, so perhaps buying on dips and selling with any significant increases with a view of toward lightening up in December might be a strategy?
Thanks for your thoughts!