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I could easily see this going back to the .40 levels, where Aphria bought millions worth. Still wau undervalued at this point.
You never averaged down? I did like 5 times haha I got in at .25 initially. I was convinced .25 was the bottom, I watched it for months. It has a very low float, so once it gets moving, it is going to move fast.
Looking good today, still super undervalued. 2 U.S. patents about to be finalized.
Great post again. Seems like they are too busy posting BS feel good posts on instagram. Jeeze, the whole CA sector took a beating today too.
good points, I was convinced with Stewart leading the so called "bio division" that they we're going to also be a GW style bio stock. Literally have not heard one thing about what Stewart has brought to the table in a year, zilch.
SO weak.
Jeebus, rough day in the market.
So much for that, but it's not just SQ, the whole market is getting crushed today.
When you are shorting, maybe try to be not so obvious.
Holy sh*t, we seriously might close green. That is sooooooo insanely bullish. Wow. Should have grabbed more on that dip, damn!
Hard to put an exact figure on it, but a lot of major milestones happened in that short time frame. So yeah, a run up was justified, wasn't just based on random hype.
Nice support at $5.80
Don't think so at all. Almost every MJ stock on my watchlist, even on the US side, are all down. This is a classic sell on the news event. Especially after a 300% run, in a short time. Just hope new investors use this dip as an opportunity and we balance out and start slowly climbing again.
Imagine how incredibly bullish it would be if we closed green. That would be so epic.
Great post! And look, as predicted it's already bouncing back hard. Glad I picked up more on the dip.
People have such herd mentality and sell on the news like fools. Don't let the big guys get your shares for cheaper, if we all hold tight, it won't drop, it's pretty simple really.
you are a boss my friend! Best of luck
Totally agree, I would love to punch this "analyst" in the face, what a dipshit. You know all his boys we're shorting. This is the stuff in the market that bugs me so much.
Very nice HOD close!! Looks like a promising week, license news would be epic!
http://www.cfjctoday.com/article/598812/federal-marijuana-legislation-expected-clear-house-commons-tonight
This should only help the whole sector rally!
Good call, it probably will dip a little then rebound, just like shop
This same BS happened to SHOP recently, where some POS shorter analyst did a lame hit piece on it and it has bounced right back. If I had powder I would buy some more SQ. Me and my family use SQ for our business and it's the best and easiest.
Jumping ahead, thoughts on tomorrows' action? Rest of week?
Exactly, their float is almost exactly half of acbff and now pretty close to being twice in PPS. Meaning teens for acbff are very possible. At this point the two are almost neck n neck.
I am bullish, but being realistic.
Obviously you are hyped, but lets be real. The OS and float is extremely high, unless they can reduce shares in the future we will be stifled. I do think teens are possible though and possible in a few months.
I hate BS like this. Some dickhead analyst, that is always a shorter, talks down about the bitcoin connection. Seriously, even now that it has reached freakin 10K??? GTFOH. SQ sees the future, this dip is overblown.
Step it the fu*k up Emblem! All the Canadian stocks are on a tear and this thing is frozen in time. Jesus, do something.
oh shit, there was news!
https://mobile.tmxmoney.com/quote/readnews/?id=5885709355783815&symbol=ACB
Man, normally after a 300% run I would be taking major profits, not here! This thing is crushing all resistance! I was expecting more news today, but still think we get some sort of PR this week.
A lot of times "rare" means expensive. I still think this stock is grossly undervalued. Don't forget Aphria, a major LP in Canada, invest over 2 million cash into Kalytera around $.45!!!
Also I think because all the Canadian buzz people are gonna start catching on to this (Kalytera is based in Canada) and this will go back to that .40 level.
IMHO
I love the smell of ACBFF in the morning!!!
Trust me, this was my number one pick for Canada LPs, being at the cheap price it was and with Stewart leading the bio division. But after a CEO change, minimal PRs or advancements, lack of communication with the PR dept. (won't respond to emails) and absolutely nothing from Stewart or their bio division in a whole year, I have lost faith.
And dilution will hit around $1.70 and wil stifle any major run. ):
Really disappointing. Still have some just in case Stewart actually does something.
Huh? How is buying out companies that add huge revs "hype"???
Thanks for the info!
After a comment like this these guys deserve a hostile takeover ha
"We are very concerned that Aurora's offer to our shareholders is based on an inflated Aurora share price, that has enjoyed a recent and significant run up in value that does not appear to be based on any substantive decisions or value created by its management," said John Knowles, CFO, CanniMed.
I guess acquiring another large ACMPR and a massive greenhouse company and do a private placement with Hempco, while simultaneously trying to take over a huge licensed producer aren't "substantive decisions or value created by its management"
Correct me if I am wrong but are they not waiting on 2 sales licenses? If they get both, any thoughts on valuation then?
Even though we dropped 4 major PRs in the last few days, I have a feeling a big PR is coming Monday. Just a hunch.
https://auroramj.com/releases/
I don't see any support until .55. Could get ugly.
Finally in the green on this baby! (bought too high) I think it's IVITFs turn to pop now.
So just to be clear, Aurrora released 4 PRs on Thanksgiving Day. This is insanity!!! Notice Tweed is down today as well. We're coming for ya Tweed! ( I am in both ha)
It happens all the time, especially in Canada because of so many failed Gas companies. It was just a shell taken over, it's a much cheaper and smarter way than creating a whole new stock/symbol.
It's not the Xfiles, don't look to deep into it.