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we keep going in circle. everything you guys are saying is out there for "everyone else" to see as well,right? and yet somehow all those" everyone else "keep dumping this stock. What, can't they see the long term benefit of this stock? can't they jump on the wagon right now, why wait that it reaches $20.00 if it's meant to reach that? I'm going to let the numbers speak for themselves, can't argue with that. Sincerely though, I hope investors start seeing it your way, I'm still holding on to my GGB shares, despite my frustration.
Densex: bad enough I have to contend with seeing my investment shrinking daily, I'm not going to worry about what you think or don't think about me, you know the expression : when you want to assume, you're making an ass out of yourself.I'm going to leave it with this : it's a company with great potential revenues whose management is doing what it can to expand rapidly. I've said that a few times, but I also said {and that's the part you don't like to hear} is that there is the disconnect between this stock and the market.Look at the # ,they re down daily, they do not reflect this company potential, it's either investors don't see what we see or don't care, or like Alabama96 said other players want it to fail. But what I will not do is constantly praise GGB on a daily basis when it keeps falling day after day, just because that's what you want to hear.
Understood--let's hope they are Shorts then --
OK. I see what you re saying, good observation actually-what I meant by not caring about the stock for now is referring to their press conference on MAY 3O ,during which there were no talks about Q4 finances, just long conversations about expansion- But going back to your post about OTCX and VALX driving the price down,what can be done about it?
If this stock doesn't stabilise before the next crucial support level of $2.80 , it is likely to free fall all the way down to $2.00. Seems like the company worries more about growing itself in size than the actual stock, for now at least. Not good for us, the investors
maybe, maybe not.But it's taking a beating yet again today, and after pretty good news of yesterday.So when it comes to this particular stock, it's all pure speculation down to the wire.
A positive note to end today's results, a greater number of investment analyst firms have cast a bullish view on GGB, some predicting the stock to reach as far as $19 canadian by 2024.
Earnings are meeting expectation. They re not spectacular, but expected, so a bit of a let down here because a lot of us were looking for a big punch. The problem are the expenses, very high, but again that is also expected for a beginner company. So I don't expect a big rally here but at least the carnage just might stop. Then again who knows,this stock has been behaving so illogically for a long time now.
@dwp: you don't ever quit , do you! I sure hope you're right about the financial disclosure tomorrow. We here at the office held on to GGB despite the recent carnage. We need this tomorrow. All of us who believed in this stock for months now even if sometimes I lashed out at this stock God forbid it's not what we want to hear tomorrow, we will be losing thousands.
For christ sake, another GGB sell off on the CSE.
AHRIA is rebounding nicely, meanwhile GGB still being dumped daily, despite so many good things going for the company.All eyes on May 29/30 for the revenues disclosure.
GOOD LUCK--
What will be left of it by May 29? it's getting decimated.Even if Quarter revenues are good, it might go up to where it was about a few weeks ago. Possibly to lose it all again a few weeks later. If you viewed this stock as long term holding like I did, this yoyo cycle is not paying off. At the end of a few months, you 're back to square one and haven't made any money.
And that's if the revenues are good, I don't even want to think of the outcome if the revenues don't meet expectations.
Well said, I've said the same repeatedly. More than any news, or press conferences or positive speculations; investors will decide to rally or not on this stock depending on revenues disclosure.And As much I am frustrated with this stock, I hope they are good .
@Psully:right on. Enough excuses were made about why this stock isn't performing. It's always something: it's either the market, or short sellers, or this or that ; watch it's going to explode anytime, it has great management, Great potential revenues, blah blah blah.... And it doesn't do crap. And if by miracle it has a good day or a good week, it just gives all up 2 weeks later.
Not a good start again today.And this has nothing to do with short sellers.zero to do with short sellers.
GGB stock does not behave logically.It should have shot up after the Tuesday deal.Instead it's losing ground.And this explanation of short selling doesn't much make much sense. You short sell a weak company that's on the way down to pocket the difference at market price when you buy back the same stock at now a lower price. GGB is by no means a weak company,and with great potential earnings for a long time to come, short selling that stock will only impose losses on the individual that does it.
meant for "densex"instead
@dwp: I don't put this stock down all the time, as I said earlier , I too have money invested in GGB and I want the stock to well,but contrary to you who jumps up and down when the stock has a good trading day [only to lose most of it 2 days later] , I 'm more measured in my opinion. I've always said that this stock will go up in the end, but it will be over a long period of time and a slow gradual climb. Investors will need to wait and see the first batch of revenues before rallying behind GGB. Now hopefully there won't be too much of profit taking tomorrow.
Lol. It's 5.25pm
Anyone who follows GGB's financials knows they have a trouble balance sheet, 1.5 mil in cash on hand and 50 mil in debt.[I know that's going to improve very soon though]. Having said that,your post make a lot sense when it comes to the Aphria deal.I hope you're right about later on this afternoon
We've been giving nothing but time. It was said to hit $7.00 back in December, it went the opposite way, we gave it time. It was said to explode with the Aphria deal, it failed, we have it time. It was praised over and over for it management team any it potential revenues, it got destroyed for 2 months straight. It was recommended as a Buy by a big Holding co and with the Aphria deal behind us it had 2 nice sessions only to lose most of it 2 days later, but again we have to give it time. When it hit $5 Friday, if it had continued the rise, then I would have thought this stock is finally a winner, but these last 2 days reminded me that it s going to be a very slow climb if any climb at all
what's the point of cheering 2 good days of trading if most of the gains are lost 2 days later? what's the excuse now for the loss? the truth is GGB doesn't generate enough revenues and is heavy in debt, so no matter how much we try to praise the management team or the "potential revenues" or whatever else, we really need to wait to see the first disclosure of revenues to make a decision about this stock.Until then, investors will not rally for this stock.
So where is the support?
NO, BACK TO THE 2'S
cibc is trading GGB heavily.They buy 2500 units in one trade only to dump all of it minutes later.And doing that all day long.
Superbingo is a fervent enthusiastic about this GGB stock.I hope it pays off.Just bought 2300 shares myself,let's see the movement today.
It got punished for 45 straight days, one good day and the very next day a bad one is not really what we ought to expect from all the recent positive news
and now whys is this stock selling? it rose to $4.25 on the CSE only to lose all 2 hrs later. There is no reason for it. All the recent material at hand demands the contrary.It should literally explode, not lose 25 points in 2 hrs
Nice to see all the enthusiasm about GGB this morning.But Superbingo is right in pointing the volume issue.It has to pick up for this stock to really take off.
I really thought that this latest news about GGB would finally boost this stock. And after a small initial jump, it's down again.Yes they have to pay $89 million to get out of their position with that idiotic Aphria deal but at least the distraction is now over.Which is good news for shareholders, and yet this stock is sinking again today.I haven't sold my GB position yet, and I might live to regret it
I hope you're right , and there 's also a recent article that supports your theory,although they put a $9.00 price over 4 years. Here is the link to the article: https://www.cantechletter.com/2019/04/green-growth-brands-is-a-cannabis-stock-to-own-paradigm-capital-says/
as disappointed as I was over the last 50 days trend of this stock,given all the hype of this company from the get go, it may just warrant another look after all.
You're confused. It's not in bad faith, it's a fact that this stock is sinking daily. The truth is I wish it wasn't because I too did invest in GGB but again the numbers are there in your face.Learn how to deal with reality.
GGB: and the descent continues .......
Hear you on the Schottenstein family back up, but what we seem to be doing is keep on pushing the date line for this stock to take off to a never ending later date.At first,we were told that this stock was going to reach the $7.00 mark in no time,that was months ago. Then later posts commented to wait another 3 or 4 months and it will reach $10 or $11.00. And now we're talking about this time next year.We keep on postponing the so called" potential success " of this stock to justify the bad trend of today. Yesterday it dropped by another 23 points on the CSE, that is steep ,very steep for one day. And that is on top of many days of decline before that.What is worrisome is that the decline comes even after positive news about this company racing to open as many stores as possible.This stock should skyrocketing , instead it keeps on dropping and dropping.
At the current rate and revenue vs debt ratio, it'll be below $2.00 in 3-4 months---especially when the Aphria ridiculous take over attempt will formally end in MAY, then you'll really see this stock plummet.
GGB is garbage--it lost 30% since January 14,2019--numbers don't lie
GGB: DOWN AGAIN TODAY
But please feel free to post another comment on how great this stock is going to turn out anytime now
what?????this stock reached its high of $6.40 in January 14 and has been free falling ever since.This stock has been down 27 times out of 34 sessions.There is no reason to be enthusiastic about this stock, Despite all the public relation noise, the fanfare about the new contracts and the new kiosks opening in various malls, this stock is still declining almost every single day.It lost 28% since January. 28%. I don't get why some people are posting praises for this company even after they're witnessing this stock dropping day after day after day.What does it take to bring you back to reality? do you need to see it at $0.50? And I bet even then there are still people will post comments like: "oh this company is fantastic, just a miracle waiting to happen, it s gonna reach the $7.00 mark any day now"--yeah right, I don't need to wait for a brick to hit my face to know it's going to hurt . And for what is worth ,I wanted this company to succeed because, I too, bought shares of GGB. But I lost too much money already, waiting on the promise of so many that this stock was going to explode any day. It's time to cut my loss.It's down again today