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Compiling comments that experts make about stocks while on public TV.

2017-01-24

Opinion for Canopy Growth Corp. (WEED-T)

Signal Price Bias Subject Owned
COMMENT $9.300 CAUTIOUSLY OPTIMISTIC NORTH AMERICAN (GROWTH) No

It is very difficult to make a fundamental argument for this marijuana company. It looks like the Canadian government is going to legalize marijuana, making good on their election promise. However, from an investment standpoint, he has a tough time valuing the market size. Technically, he would like to see the company do a nice big U and get back up towards $18, consolidate, and then move on towards new highs. To initiate a position, these levels are relatively good, but speculative and shouldn’t be a massive percentage of one’s portfolio.

Jason Del Vicario
Portfolio Manager, HollisWealth

1 Comment

idaustin

February 8th 2017 at 3:59pm

At $18 "technically" this stock will have a $2B market cap. This is a very intelligent use of speculative capital.


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