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This just happened with Tesla. Tesla went from 400 to 180ish and everyone and their mother was saying how electric cars are dumb and Tesla is a joke and they are going to "Zero". Lol, a couple months later they are up almost 100% off of their lows. Yea, in Canada revenues are going to increase dramatically with edibles for some companies and revenues will be higher because more stores are open........But......everyone is going out of business. I sometimes feel like I'm in the Truman Show. This can't be real.
It has been my experience these past three years that when the shorts have nothing left and just flat out say companies are going out of business you can bank on the end of the short being near. It always reverses at its most lunacy.
My God what their sales will be this time next year with edibles going live and the government allowing more stores. 2.50 is a joke, a steal. I got my Calls. Go Aurora!! =)
It's just a cycle man. Nothing more, nothing less. This is completely normal price movement.
At a 20.00 SP that would only be 23 million shares so I don't see the doom and gloom in anything. I don't like anything I invest in. I do it for the money. I could care less about any of these companies. Chart says it is go time. We are at lows or 1.90usd range will be low.
Easy entry here with some dry if it hits 1.90 or Call Options. Peeps too attached to their investments. Chart says its go time, even if there is another 20% dip. That will be second entry. Mad opportunity I see for swing. Peeps put in some March or June Calls at these prices can wipe out all your paper losses. Too much doom and gloom going on everywhere. Its just the same short, but worse that happens every year. This year it was worse, but the same.
Act like you've been there. Lol, accumulate and stop reading nonsense.
Gap Filled =)
Bought a bunch of March 20th 4 dollar Calls. Seem to be a no brainer. Good luck all, I got my lottery ticket.
Thanks for the response. You always have great input. That's a great idea to take profits at the first solid resistance(3.50usd), take profits, watch the pullback, ""Then"", roll those profits into a longer, safer Call option while the price is so cheap. I like that. That's groovy math where I get the long call,tasty options and the current price doesn't deter me because I have free profits. Like upgrading for free and at the same time protection.
How's that crazy Tesla Call at 180 doing? That was a lucky one. Seems that when they say these companies are going to go out of business(like they said about Tesla/Aurora) and go to zero that is when I am a buyer. This of course only works on companies that aren't going out of business in the near future. That final doom and gloom, going to zero, media frenzy always seems like the last part of a particular short.
Add in that Wednesday meeting that we knew would be approved made Monday and Tuesday of this week Defcon 4 in my household because I knew it was game on. Unfortunately I had only 2500 on me. I pulled my hair thinking how to maximize this opportunity. I threw it all in various Aurora Calls 4 -$6.00 Strikes Dec 27th to March expiration. A ton of them were selling for .06 range per each option contract. Was the perfect storm it seems.
Now 48 hours after I bought these options they are up 200% already. Im starting to learn this whole game that the media and banks play. It's all a game, nothing more. Next time I will have more dry powder and it will really be game on so I can finally get this Mark Cuban right.
Hope some of you bought calls on the big boys.
Nope. You're not looking at the sector. ACB and CGC up about 20% today. Time for a sector bump. Namaste should go along for the ride.
We are setting up for a ridiculous 400% sector run over the course of the next year. Sounds crazy but this is what the charts are telling me
We are setting up for a ridiculous 400% sector run over the course of the next year. Sounds crazy but this is what the charts are telling me.
More like the second run of this year. Last would imply there were many.
I'm calling it. Sector bottom ends by tomorrow. I'm not going to write a massive post about why because that would take too long. Buy some long calls on some of the big boys peeps. Namaste also looking at 300 - 400% gains from these levels. Don't be greedy this time around and not sell after them gains. Peace.
There it is, that extra 15% down in past week. Exhaustive gap as well on Aurora. Bought all the cheap call options I could. Good luck to all.
I'm thinking also that the USA is gonna drop some massive news bombs about the decriminalization federally or something along those lines in the near future. In 2017 some of the sector was up 400 - 500% gains on that 12/17 run. They are setting up for that once again with how hard they are shorting this. Look how hard they are absolutely trashing the sector with bogus media and fear tactics. This is exactly the bs the media runs over and over to manipulate in every aspect of life itself. I smell opportunity.
We're heading into the end of the year and January. Very exciting times indeed.
CGC/ACB getting crushed after hours. This might be the exhaustive gap the sector has been waiting for. I am a buyer if the sector is down big again tomorrow.
Sector bottom wicked close imo. I give it 15% more and I'm jumping in on a few. Lots of blood in the streets. Love it. We wait all year for bs to get to its worst and its basically here. Why I always save some funds or credit lying around and have more available every month if needed. They are shorting it this hard for a reason.
That 3.90ish gap fill doesn't seem so far off now.
I'm calling it. I'm putting my prestigious reputation on the line. Another 10/15% for ACB and CGC and it's a wrap. We hit bottom as a sector then. Already started after hours. Glad I saved a bunch of dry powder. Watch out for Agra .078 - .0978usd too imo. Merry Xmas, so many deals. =)
You're fine on VFF and MEDIF. They are top picks of this sector. CGC has always been the mafia boss of this sector. When CGC and ACB run, as do the sector. Now with that being said I had Canopy at reversal between 12 - 17.00us. and Aurora at 2.50 - 3.50. Man, they are real close to those levels finally. I'm getting real close to pulling the trigger on a couple. We good man, now is accumulation time. They are shorting it back two years for a reason. =) Peace.
That was all calculated into my genius posts from Spring/Summer. Yawn......
Sure am =)
Nobody believed me when I said this would come back to 7 bucks in early Summer. You all laughed at me and said I was crazy. Simple charting.
Why's that? I get to bring my average down to 16 or .17usd soon. I know what I own. I have seen this bs fear for 3 years now. I laugh at this sector downtrend. Sorry that it fooled you.
I am saving some dry powder just incase this turns out to be an inverse head and shoulders pattern. It Might hit .09ish to form the head and then jump to .20 to form the second shoulder which would be the neckline. Just something I see as a possibility from a TA point of view. I have my main position already locked in just incase.
ACB is awesome right now. Up 200% in the past two years. In fact I bought some at 3.50 and saved some powder for 2.50. I didn't want to comment on your longer post because I disagree with every point you made. Would take to long to dispute or bother.
You confuse liquidity with dilution. I won't even bother going on trying to educate a narrow minded dipshit.
If you're confused, read more until you're not. Pretty simple stuff. I take my money deadly serious. You're just looking for people to tell you the answers. What kind of investing is that? Blind investing, that's what.
Sounds like you need to do some DD.
I do, that's why I'm loaded up with Agra shares again. I was good and waited all year instead of buying like everyone in Spring/early Summer so I did 0 bagholding since March. Sitting pretty in the green a couple % points up after these terrible 8 months instead of my usual down 50% at this point in previous years. Watching Aurora too if it hits 1.90 - 2.50 area. It's in no mans land right now, consolidating thin air chart wise.
What do you think would be the dividend yield if this ended up being a 100 dollar stock?
I have my position in the teens that I will not touch. Then I have backup if it does drop to .09 - .12usd. .06 are the unicorns.
Ahh 3.25usd. I remember that number =). Old support is now resistance or will it act as support again? Will be watching. Sector as a whole still seems weak with some breaking two year supports. Medipharm is holding very nicely through this long, sector short.
Exactly what I see. ACB has broken 2 year support. I see an amazing opportunity coming if they continue to short it down to 2017 levels.