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ACB is looking good today!!
ACB reminds me of an old girlfriend of mine.
When it was good - it was GREAT.
But when it was bad - it was really BAD.
It turns-out she was diagnosed Manic/Depressive.
So what we have here is a Manic/Depressive Stock. LOL!!
I woke-up this morning and my OCI Shares were up 36%. So when these Cannabis Stocks pop - they really pop!!
Keep it on a short leash - and don't be afraid to take profits.
Its been a couple of years since I've been there - but I think Germany is still just Medical Cannabis.
But the Black Market is thriving in Germany. In Berlin they have open air Cannabis Markets on Wednesdays. But it is all a pop-up Black Market (like a Farmer's Market once-a-week for weed.
That said, I wouldn't expect Germany to be a big Revenue Generator for either Company until Germany becomes fully legal (which may or may not ever happen).
The problem is: The REAL Stoners will figure-out that the Gel Caps are a much better deal for the price than the strips are.
So the Gel Caps might sell a lot better (at a lower margin).
It all comes down to one thing. It is not how much product or products ACB can grow or create - the question is: How much can they SELL?
Yep. I'm surprised there isn't more selling pressure on the stock when it goes up.
But it probably hasn't reached that point yet.
People that have losses in a stock tend to get out when they break-even (and are happy to break even).
If I bought into ACB at $5 a share - and its been trading at $2 a share for months - then I would sell the minute it reaches $5 a share again.
And I would be happy to break-even.
But right now, the only people that would sell would be the ones that bought in at $1.78 (so they must have bought a few days ago - not enough time to really feel the pain of loss).
Are we really labeling 2 green days in a row a "Rally"?
If ACB goes up for 10 minutes - is that a Rally?
If so, what are we calling the decline since March?
IMO, keep your powder dry and never chase.
Keep in mind there are thousands and thousands of stocks out there and the Stock Market yielded 29% in 2019 (but ACB didn't).
So that should be telling us something.
ACB is looking pretty good so far this week.
After it hit that $1.50 mark - it seems to be bouncing back nicely.
Nothing has changed (no new real news) - but someone is buying, or the shorts are covering, or the shorts aren't shorting...
APHA didn't hit a Home Run with their ER - same old "slow roll-out" stuff.
So not sure where ACB is going...but fun to watch...
It still blows my mind that someone (or some company) can actually lose Millions $$$$ - selling Weed.
The Long-Longs can state all kinds of reasons for this: Capital Investment, Slow Roll-Out, G&A Expenses, etc.
However, think of this: Does anyone really think that the Black Market is losing Millions $$$$ selling weed?
Plus, ACB is supposedly growing a gram of weed for Under $1. And they are selling it for $5-7. So making Money $$$$ should be a no-brainer.
You can say that the Black Market doesn't pay taxes - but VAT is on the Consumer. And ACB is losing Money - so they probably aren't paying any Income Taxes because they have no income.
I'm just saying that ACB needs to learn from the Black Market Dealers on how to make $$$$ in Cannabis. Because they obviously don't know how to do it themselves.
Or maybe it is Terry's & the Executives Million Dollar Compensation.
On the Black Market - you don't get a "Salary" for selling weed. You get your "cut".
So if ACB was the Black Market - Terry wouldn't get Jack until ACB was profitable. But this is the problem with Corporations in general - Executives get paid Millions $$$$ while the Stockholders get screwed.
Danny Thomas was an okay actor.
But what he did at St. Judes Hospital is his real legacy.
Great man.
Yep. That is how ACB works.
I bet someone was out there saying a few months ago: "Darn it!! My Buy Order didn't get filled at $5"...but in reality - its the best thing that ever happened to them...
Today: Darn it!! My Buy Order didn't get filled at $1.60 - then a week later they are thanking God it didn't get filled.
Lets face it: ACB made the short's very rich in a short period of time. So the shorts have a large "War Chest" for Shorting ACB further. I don't blame them.
If shorting ACB (or any stock) is making you money day-after-day, then why stop?
Ever notice when ACB has a green day - it only lasts for 1-2 days? That's because the shorts are letting it run-up a little bit - so they can short it to you at a higher price.
The Shorts rule ACB. And the only thing that is going to change that is a "Game Changing Catalyst".
ACB needs to PERFORM like a Billion Dollar Market Cap Company - if it doesn't soon - it is back to Penny Stock Land.
Heck, even if Nelson signs a deal with Coke - I would still be leary of the Short Sellers. The Shorts will let the Coke Deal spike the Stock Price - and then they'll short it like crazy.
So IMO, sell the news.
Are you trying to buy at $1.60? Or sell at $1.60?
If you are trying to buy at $1.60 - I wouldn't feel to bad right now.
ACB has been a never ending "Buying Opportunity" if you want to take a Long Position.
It cracks me up how Aurora is going after the Canadian Medical Cannabis Market.
Medical Cannabis has been legal in Canada for DECADES.
Very few people were investing in Canadian Medical Cannabis Companies 10 years ago because everyone knows the money is in Recreational Cannabis.
Yet, that did not stop Terry and Cam from OVERPAYING for MedRelief big time. One analysts said it was the "Worst Cannabis Acquisition Ever".
Also, Revenue Canada is taxing both Medical and Recreational Cannabis the SAME.
And ACB is footing the GST/HST Tax Expense for their Medical Patients.
If your point is that ACB is that ACB's Share Price is going up - then you are 100% correct - I am totally missing your point.
ACB hit $1.50 this morning.
ACB hit $1.50 this morning.
I think it's great that you think that ACB is going to $3.25 - but without a "Game Changing Catalyst" - ACB's Momentum is downward.
I was being sarcastic. The Long-Long's on this Board tend to ignore the Analyst Downgrades and they continue to talk-up ACB even as the stock tanks.
For example: ACB hit $1.50 this morning.
Yeah. Those Analysts are full of BS Sauce.
They've been saying that ACB is going to go down - and just look at the share price now.
What do they know...
"Analysts smanalists" and "F the Financials"...
If anyone wonders why the Long-Longs are hurting...this is why...
They got caught with only 3,571 grams?
Sounds like a "Personal Stash" to me!! LOL!!
I mean, why are there even Personal Limits on Cannabis? It's like saying that someone can only have so much Whiskey in their cabinet or beer in their fridge.
If ACB does get bought-out, it will be for pennies on the dollar.
Constellation has enough cash on their Balance Sheet right now to by Controlling Interest (51%) of ACB for CASH.
If Constellation buys ACB for $2/Share, that will be a nice 21% premium to the current $1.65 Share Price.
So ACB's Shareholders sould be very happy with a 21% premium.
I wrote a post about this in the past.
There is going to be a price "equilibrium" as the Cannabis Market Matures.
The "equilibrium" is where the price is what people are willing to pay vs: what growers are willing to sell for and make a profit.
I've been to a lot of States and Countries where Cannabis is "legal". The price equilibrium seems to be around $30-$35 for an 1/8th or around $10/Gram.
It is like walking into a Beer Store and buying a 6-Pack of Beer - ever notice how all craft beers are in the $9.99 per 6-Pack range?
That is because Alcohol reached an price equilibrium a long time ago.
Cam also said that the two other Sky Class growing facilities would be 100% funded by Operating Cash.
And Cam also said that ACB would be EBITDA Positive a few quarters ago.
Someone should fire Cam for lying and then the Shareholders that were lied to should file Class Action Lawsuits.
Oh wait a minute! That already happened!!
Youtube is full of Cam lying in interviews (with no Legal Disclaimer) - so the Attorneys have lost of ammo for these lawsuits.
It is very difficult for Cam to deny what he said - when it is on Youtube.
I am paying attention. And I have been paying attention for a long time now.
I have been paying attention while watching ACB tick-down everyday while the Long-Longs keep saying ACB is going up.
I mean, are we even looking at the same screen?
But I like your dismissive attitude - considering you don't even have any skin in the game.
There is no confusion between "Growth" and "Dilution".
Dilution is when a company issues more shares of stock.
Growth is when a company actually increases Revenues from quarter to quarter.
For example: When ACB's Revenues decreased by $20 Million from the previous quarter - that is NOT growth.
Or when ACB dilutes it's shareholders by 958% in less than 5 years - that is dilution.
I was posting about dilution back in March 2019 - but the Long-Longs jumped all over me. But I guess people are starting to realize it now that ACB is trading at $1.65/Share.
Yep!! This confirms it! APHA is a winner!!
Thanks for sharing!!
The Long-Longs have been "Calling the Bottom" at $9, $8, $7, $6, $5, $4, $3, $2, and now $1.65.
And they haven't been right yet.
Yep!! I agree with this article.
However, if any Long-Longs disagree, then simply SHOW ME the turnaround.
When ACB starts trading at $10/Share again (without a RS) then I will ADMIT the Long-Longs are correct.
OMG!! Why exactly do you feel good about your current position in ACB?
You do realize that more that one Analyst has a price target of $1 on this stock and another analyst has it at zero - right?
If you ignore the Analysts (what do they know anyway) and ignore the DOWNGRADES (Merrill Lynch, Jeffries, etc) then I guess you'll find-out what happens the hard way...
GLTY!!
Uh, the DOW is almost at 29,000.
While Canadian Cannabis Stock Investors are losing big time.
The Stock Market's average yield in 2019 was an incredible 29%.
So investors are making MONEY $$$$ in the Stock Market - but just not in Canadian Pot Stocks.
ACB has been on one long "Exhaustion Gap" since March 2019.
That poster might be right!!
If his grandkids are toddlers right now - by the time they are in college (20 years from now) - he might actually break even on his investment by then (if ACB doesn't go BK).
But if his grandkids are going to college tomorrow - today's 11.29% decline is not helping him much.
Okay.
SHOW ME the "Vicious Bounce" and then I will agree.
But today, ACB is down another 10% (while we are waiting for the "Vicious Bounce" to happen).
I love it when the Long-Longs keep posting Bullish Seeking Alpha and Motley Fool Articles.
Did it ever occur to anyone that the Short Sellers are reading those "Bullish" articles also - and then they are Shorting ACB all the way to the BANK $$$$$ ?
Step #1 - Write a nice Seeking Alpha Article that makes the Retail Investors want to invest in ACB.
Step #2 - Sell those Seeking Alpha Investors shares via a Short Sale.
Step #3 - Just wait for the ER or other REAL Financial Information to be released.
Step #4 - Make Money when ACB is declining over 9% today.
So the moral of the story is: IGNORE the Seeking Alpha and Motley Fool "BS Sauce" and focus on the Audited Financial Statements instead.
Actually, if you take a ruler and draw a straight line on the graph since March - you do end-up at 49 Cents.
However, if ACB reaches 49 Cents - then it REALLY isn't a BUY.
What? What am I saying?
I am saying that things of VALUE do not decline like this. Things that have VALUE - increase in VALUE.
So if ACB is trading at 49 Cents - it does not mean that it is "on sale" or a "buying opportunity". What it really means is: If ACB is trading at 49 Cents - it really means ACB is going down.
I really don't want to debate the Long-Longs.
If the Long-Longs are RIGHT, then the stock price should be increasing in value.
It is that simple.
BUT, if you ever wonder WHY ACB is trading at $1.68/Share today - just go back and read my posts (starting in March 2019). It is all right there in front of your eyes.
No worries. Just keep buying then.
$1.68 is a great Buying Opportunity for the Long-Longs.
But then again: So was $9, $8, $7, $6, $5, $4, $3, $2...??
ACB is only down 9.45% today.
I was thinking that today would be a double-digit decline at least.
Or is today's 9.45% DECLINE just more of my: "BS Sauce"?
Uh, this sell-off is not emotional at all.
This sell-off is based on an analysis of ACB's Financial Statements.
How much Revenue did ACB generate last quarter? $70 Million?
Was last quarter's revenue greater than the previous quarter's revenue? Or did revenues DECLINE for this growing company?
Did ACB overpay for it's acquisitions? Did this result in $3 Billion of a worthless asset called Goodwill?
How is ACB doing on cash?
How are those sales into 25 Countries going?
Does ACB really have 625,000 Kilos of Capacity now that it stopped construction on 2 of it's grow facilities and sold a third?
I can go on and on. But this sell-off was not based on emotions.
It was based on an analysis of the Financial Statements and Market Conditions.
The only people that seem to be emotional about ACB are the Long-Longs.
And the Long-Longs are feeling bad emotions: Guilt (for losing their money), sadness, denial, etc...
I think it is funny when people on this board talk about ACB's Share Price "Recovering".
Maybe you are looking at this backwards?
Maybe ACB's share price should have NEVER been in the $10/Range to begin with?
Maybe ACB has already "recovered" back to where it rightly belongs (to the $1 Range)??
Wouldn't that explain A LOT?
I love it how someone was picking on my $1.00 - $1.50 Range earlier this week.
Only 18 Cents to go!!
LOL!! I love it!! Please keep buying!!
Yeah, my posts are BS Sauce.
So are the Financial Statements (might as well call those BS too).
So are the never ending DOWNGRADES (might as well call those BS too).
Okay, you are right. Terry is not speaking. But it is not because of the numerous shareholder lawsuits for misleading investors.
Instead, Terry is not speaking because he has laryngitis. Yeah, that makes more sense.
OMG!! Is ACB really trading at $1.68 today? Time to buy more shares!! LMAO.