Yesterday we sold our Canopy Growth (TWMJF) shares for a gain of 24.69% on our LONG trade.
We recommended going LONG Canopy Growth in our SA InstaBlog Time to Buy Some WEED, posted on February 6, 2017.
In our article we had forecast an upward target price of $11.00. We sold our shares at $10.10 to book our gains. The company is scheduled to report earnings today, and we did not want to put our gains at risk with the shares already close to our target price. A 24% gain on common shares over six trading days is something we will always be happy to book.
Real-time trade alerts on our options trades will be available in our soon to be launched service ChartMasterPro.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.