CGC
As noted in linked idea, this stock has plenty of downside left, as I look for costs related to expansion to weigh pretty heavily on it this quarter. Technically has lost support and is ready to break out of bear flag consolidation it is currently in. Looking for around 27's support, bought Aug 23rd P30 yesterday at .47. Currently trading at 1.25 today, but not ready to cut and run yet. Happy hunting and GLTA!!
Trade active:
Aug 23rd P30 should open tomorrow up real nice and "high" off of this CGC ER drop. Stock currently trading at 28.34, over 11% off closing price. With over a week left to expiration CGC could easily see the mid 27's I'm looking for before selling. Depending on tonirrows action I will make my move or hang around. Either way, this is about to be the long term entry point I've been looking for. Hope you rode with. GLTA!!
Trade closed: target reached:
Closing now, selling Aug 23rd P30 for 2.88 from .47. Nice gain, hope you rode with me! GLTA!
