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An increase like Tesla's could happen to ACB also.
It just all comes down to FINANCIAL PERFORMANCE. Tesla has been hitting the mark on new car sales, etc - so they deserve to sky rocket.
If ACB ever posts a truly GREAT Earnings Report - they will sky rocket also.
ACB has been trying to play "Their Game" when they should be playing "Wall Street's Game".
If ACB starts hitting Wall Street's Key Financial Ratios (Price to Earnings, Debt to Equity, etc) - then ACB will be a winner also.
Those Financial Ratios are everything in the eyes of Wall Street.
Hit the right Ratios - the stock sky rockets.
Miss the right Ratios - the stock plummets.
Obviously, ACB's Financial Ratios currently stink.
MX -
I hope you are right. An "Explosive" Run would really stick it to the shorts. They deserve it for what they did to this Sector.
I am still very Bullish on Cannabis long-term. I am using this downturn to stock up on some Cannabis Stocks that are "on sale".
This Sector has a long-long-long way to go. If you think about it, this Sector will not be done growing until Cannabis is legal EVERYWHERE. I mean, EVERY City, State, and Country. So that means WHOLE LOT of growth potential.
But unfortunately, Wall Street can't see beyond the latest quarterly results.
But we can.
The German Recreational Market is really a long way off.
I've been to Germany and the "Black Market" is wide open. The Police turn a blind eye to it because they would have to arrest 1/4 of the Country.
But Cannabis is still Illegal in Germany for Recreational Purposes.
This is bound to change as the "Dominoes" continue to fall - but right now, ACB is only selling Medical Cannabis into Germany and it is expensive to buy at the Pharmacy.
But if Germany does go legal for recreational purposes - this will be a HUGE Catalyst for ACB's Stock Price.
Yep. Just walk into Walmart. Or shop on Amazon.
To me, it looks like we have an "Oversupply" of EVERYTHING.
I mean, just Google "Shoes" and 10,000 different pairs show up.
Does that mean the world is producing too many shoes?
Or just look at the Alcohol choices we have. OMG. 10,000 different beers, wines, and liquors to choose from. And they are producing new Alcohols everyday.
I was watching the Super Bowl and Bud is coming-out with "Bud Seltzer".
Does the world really need "Bud Seltzer" when there are already 10,000 Alcohol Choices on the market?
Same holds true with Cannabis.
It is going to be interesting to see how the Canadian Cannabis Companies do in the long-run.
I mean, Cannabis is legal now and it is not going to become illegal again.
And people are not going to stop consuming Cannabis anytime soon.
Yes, Wall Street lives Quarter-To-Quarter and sometimes Day-To-Day, but in the long-haul it all comes down to Consumer Demand.
If the Consumers want lots of Cannabis and they are willing to pay $$$$ for it - then the Cannabis Businesses will succeed in the end.
They are opening a dispensary here in Chicago right by my house. I will have to walk by it everyday. So I can't wait to monitor the human traffic going in-out of the store everyday.
That will really tell me how the Cannabis Business is REALLY doing.
I agree. Paying-Off Debt is strengthening TNK's Balance Sheet for the long-haul. It is a very conservative move.
I also like the fact that they are selling some old assets while the Tanker Business is booming. Too many Companies sell assets when the Sector is down - and that just leads to depressed sale prices.
TNK should be announcing earnings around February 20th or so. I'm hoping for a really great quarter.
EURN had a killer quarter also and their Balance Sheet is very, very, solid. So EURN might be a good choice for a Shipping Stock also. Plus, EURN pays a dividend.
I wrote some posts about this a while back.
Ever notice how all Craft Beer 6-Packs sell for about $9.99?
That is because an equilibrium has been meet between what a Consumer is willing to pay for a 6-Pack and what a Brewery is willing to sell it for.
If a Brewery starts selling Craft 6-Packs for $6.99 (instead of $9.99) - the Brewery won't necessarily gain more market share or sell more beer - just because they discounted their product.
I've been to a lot of States (Colorado, Washington, Oregon) and Countries (The Netherlands - Amersterdam, Spain - Barcelona) and the price of Cannabis is about $10-$15/gram.
1/8th's are about $30-$35.
This is the price Consumers are willing to pay and the price growers are willing to sell it for.
If growers cannot make a decent profit from growing weed - then they will eventually just stop growing it.
OMG!! The other side of the Cup is starting to form!!
I called it last week!! When ACB declined 5% in one day - I knew that was the start of the Cup!!
Now ACB is up 5% today - and the Cup has formed!!
This Cup can only mean one thing - Next Stop $20/Share!!!
Am I good at this Chart Stuff or what??
Yep. I can see Terry walking away from Aurora with Millions $$$.
That is the way it always seems to work. Some IDIOT wastes all of the Shareholder's Money on stupid acquisitions and decisions and then they just use their "Golden Parachutes" to make Millions $$$$ while the Shareholders are left holding the bag.
I can totally see that happening.
If Terry quits tomorrow - it will probably help ACB's Share Price.
MedMen's CEO quit last week and their stock jumped 15% on the news.
Yep. I feel that way about ALCOHOL too.
Have you seen how much beer, wine, and spirits they have at the Liquor Stores?
I mean, there is enough booze for everyone to have a drink 24/7.
There is definitely an oversupply of Booze in the world. Some Booze (like old scotches and wines) even sell for $100's and $1,000's of dollars. Can you imagine?
Does anyone know why they keep making so much Booze?
Is that your take-away from what Ford was saying?
Did you happen to LISTEN to the part about how he wants Ontario to have more dispensaries than all the other Providences combined?
"Selective Listening" happens a lot on this board.
Good Interview with Ontario's Premier...
https://www.bnnbloomberg.ca/cannabis-canada-doug-ford-expects-ontario-to-lead-the-nation-in-pot-shop-locations-1.1382496
Now we know the reason for all of the recent short selling.
The USA Treasury just announced they are lifting the sanctions on Cosco.
This act will have an impact on Tanker Rates in the near future.
With this news - It is going to be interesting to see where the TNK Stock Price is at on Monday morning.
Great post!!
When I sold ACB at $10 - I must have been completely imagining it because ACB has been really been at $1.89 for the past two years.
This is good news!! All those losses the Bag Holders have from listening to the Long-Longs must not be real either!!
We're back in 2017 and this NIGHTMARE never happened to the Long-Longs!!
Yeah!! That's it!! That's the ticket!!
Rowdy - I agree with you. A few of us sounded the warning bells last year and all we were met with was grief.
IMO, 2020 is going to be another rough year for Cannabis Stocks.
The Hype and FOMO are behind us - and now all of the Cannabis Stocks will be trading on Financial Statement Fundamentals.
And when you look at the Financial Statements of most of these Cannabis Stocks - they aren't worth much. Sad but true.
It appears that the Shorts have taken hold of TNK. The sell-off from $25 just a few weeks ago is substantial.
However, everyone is expecting a great quarter from TNK when they report earnings.
And I like the moves they are making concerning their Capital Structure.
It would be great to see that DIVIDEND again.
I'm starting to realize that the "Good Old Days" of ACB and the rest of the Cannabis Sector ticking-up are over.
The Hype is gone and so is the FOMO.
As I look at the graph, it almost reminds me of a Ponzi Scheme.
Lots of pumping by the Long-Longs to get people to buy-in, and then once people stop buying - everyone heads for the EXIT DOOR all at once.
I mean, look at that sell-off. It is monumental.
I was accused of bashing ACB. The truth is: I like the idea of ACB - but I also know how Wall Street works.
All the "Good Company News" won't make ACB go to $10 again. The shorts are all over any uptick because they know the upticks won't last long.
Nelson has been quiet for almost a year now. Not a peep from him concerning his Consulting Deal with ACB.
That obviously means a HUGE DEAL is coming soon.
OR, that obviously means that nothing is happening and no one wants to partner with a company that lost 85% of it's value in 9 months.
So it could go either way.
But based on the huge losses that Constellation took for investing in Canopy - I would say that there aren't many Big Companies lining up at ACB's door right now.
I like the Gallows Humor!!
Things are always more funny when times are bleak.
The Shorts can short all they want - but they will never kill our sense of humor!!
Logic would tell us that: We have to be nearing the bottom for some of the Cannabis Stocks.
Lets take a quick stock of the facts:
1) People still want Cannabis.
2) Efficient Growers can grow Cannabis for under $1/Gram.
3) Cannabis is currently selling in Chicago for $20/Gram.
So someone has to be making money in the Cannabis Industry.
But I really think the Corporate Structures and Government Regulations are a huge problem for the Corporate Cannabis Industry.
For Example: On the Black Market - NO ONE gets a SALARY. Instead, you get a "cut" of what you sell and no one gets paid unless the deal goes down.
However, in Corporate Cannabis Land - you get a nice Salary and benefits - and people get paid cash whether the Company is profitable or not.
I live in Chicago and I go to Billy Goat Tavern for lunch sometimes.
No Coke - Pepsi.
No Fries - Chips.
Cheese Burger, Cheese Burger, Cheese Burger...
LOL!! Very true MX!!
Everything is more fun when you are a little bit high or stoned.
Just look at the Pre-Market Trades. They are mostly around 100 share trades.
So the Bag Holders are just bidding it up in Pre-Market with very small purchases in hopes that the regular trading session will resume where they left off.
But it doesn't work.
So the Bid from Pre-Market almost drops immediately when the real Market opens.
Look at the Pre-Market Volume - there isn't much there.
OMG!!
Are you saying you don't care about ACB's new Canna Strips?
Terry on Midas is good news too!!
Good News!
With today's 5% decline - it looks like the BEGINNING of another Cup is forming!!
If ACB goes down to $1 and then back to $1.50 - then we will have a Cup!!
Then we just need ACB to trade at $1.50 for a while and then the Handle will form.
It's all right there in the Chart - you just have to have a little bit of imagination.
The "Coke Deal" is just the Troll Long-Longs spreading the same BS Sauce over and over.
Instead of talking about ACB going back to $10/Share.
Does anyone see ACB even going back to $2/Share soon?
I mean, before we get to $10/Share - ACB has to just hold $2/Share first.
The Coke Video must be real.
I know this because ACB is only down 4% today.
I LOVE that "If the bag holders didn't sell a share - they didn't lose a dime".
That is so funny.
Okay, I'll sell you a house worth $100,000 for $500,000. And if you never sell the house - you will never lose $400,000. Sound good?
Right now, the Bag Holders have unrealized losses.
But they are still LOSSES.
WOW!! I love it!!
This news could eventually lead to Product Endorsements by MLB Players.
Hi, I'm Joe Dimaggio. I used to sell Mr. Coffee - but then I discovered Sunnyside Cannabis and I decided that "Wake & Bake" is way better than Coffee.
So please stop by your local Sunnyside Cannabis Dispensary today. I will be signing Autographs for fans from 8-5.
Personally, I can't wait to see how Legalized Cannabis in Chicago effects Cubs Games.
People go to Cubs Games to PARTY. And it is going to be interesting to watch all the Cannabis Usage going on before, during, and after the games.
We're not dwelling on Cam.
Cam is gone (and rightly so).
We're dwelling on what lead to the 8-10 Shareholder Lawsuits and the debate is focused around how ACB Management LIED to Shareholders.
I mean, when I initially bought into ACB in 2018, Aurora Sky wasn't even built yet. And I got in for $2/share (which is above Friday's closing price).
I bought in because ACB was going to do business in 25 Countries and the idea of having a Cannabis Factory on the grounds of an International Airport sounded like a great International Business Plan.
But based on the International Revenues - it appears there is very little going on there.
So the "We're doing business in 25 Countries" is a bit of a stretch.
And ACB continually dilutes. I think they diluted me by over 800% before I wisely got out.
And I watched Cam's Midas and other videos and he did LIE concerning ACB's performance.
Cam is a Used Car Salesman. His job was to tell you how great this Ford Escort with 180,000 Miles is. Cam says 180,000 on a Ford is nothing. The motor is just breaking in. Don't worry about it.
So you buy the Ford for $5,000 and then you find-out it is really worth $850 and that Cam was just hyping it up so that you buy it. That was Cam's job.
If I am repeating myself - then everything I say must be true then. LOL!!
I'm not buying the "Just have patience" this is a long-term play argument.
"Patience" with ACB has only resulted in LOSSES for ACB Longs.
The Longs have been "patiently" watching ACB tick lower for almost a year now.
ACB Retail Investors are starting to learn how the game is really played and they are starting to be upset about it.
Thus, the Shareholder Law Suits.
I mean, if you were a new investor today and someone told you that a company was trading with a $2 Billion Dollar Market Cap that only had approximately $350 Million in Revenues and about 8 Law Firms suing them for misleading investors - would you invest in ACB?
Heck no.
ACB lost 85% of its Market Value last year.
Investors would have been better buying a boat, or a nice new corvette, or going on a really nice vacation - instead of losing their money on ACB.
If I am repeating myself it is simply because the Long-Longs are up to the same old BS.
I heard "It's going to $20!!" while I was WATCHING it TANK on my screen all last year.
Now I am hearing that the "Cup and Handle" is going to take ACB to $3.50!!!! (Meanwhile - ACB broke down under $2 again today).
If a person listened to the Long-Longs BS, then they are in the RED right now. But that doesn't seem to stop the Long-Longs from REPEATING THEMSELVES now does it?
Maybe the Long-Longs just keep REPEATING THEMSELVES because they are hoping and praying that someday they might be RIGHT?
Just look at the 1 Year Chart and ask yourself this simple question: WHO has been RIGHT about ACB?
Then, please, by all means, bash the people that have been WRONG.
(Hint: It wasn't me). The Long-Longs are the wrong ones.
Cam is gone. This is true.
But the 7-10 Law Suits he caused LIVE ON!!
Yep. That sounds exactly like what Cam did.
Cam mislead all of the Bag Holders.
And to a certain degree - the Bag Holders are still believing his lies.
Don't believe me?
How are those sales into the 25 Countries coming along?
Are both the new Sky Facilities FULLY FUNDED with Operating Cash?
It is nice to see that ACB's Management is waiting to do a deal from a position of strength.
You can dismiss the Law Suits as frivolous - but there are A LOT of Retail Investors that lost $$$$ based on what Cam was saying.
I totally agree. Cam LIED and PUMPED ACB to the heavens.
Just watch Cam's YouTube Videos.
There is a reason why all those Law Suits are filed.
And there is also a reason why Cam was fired. Or let-go. Or is no longer with the Company. Or is seeking opportunities elsewhere. Or whatever you wanna call it.
If Cam really lied on Midas - then there would be lots of Law Suits.
Oh wait a minute...there are lots of Law Suits!
The Answer: Idiots.
The Question: What do you call someone who bought at $10/Share based on the advice of the Long-Longs on this board?
Yep!! Only down 5% today.
ACB is ready to Blast-Off at any moment...