CGC going into it's capitulation phase

Mar 6, 2020

I'm sorry, but it's starting to look that way. We'll probably bounce when we get under the recent lows, but I wouldn't stay long in this. Target could be 5 dollars (or lower!) - backtest of trendline is the target (for me). Remember, Amazon lost 90 percent of it's value ($110 to $5.50) when the market popped in 1999. This is all too common in stock bubbles. Once it stabilizes,bottoms, and everyone hates CGC - it's time to accumulate and hold for a LONG time :)

Good Luck!