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Lol yea I feel what you’re saying I’m just saying if all goes as planned this stock should only increase in value barring profit taking and consolidation
Lol go read the articles on yahoo finance about auroras vertical and horizontal integration and technical expertise not to mention profitability. Then go read articles about the future valuation of the marijuana industry then you will understand that if you’re shorting this and this is the actual institutional rise of the marijuana industry in the americas then you are trapped my friend.
If you don’t think this stock is gunna be at least 7 dollars by January you have an incorrect bias
I wasn’t sure if this run would start yesterday, but it did and I was happy lol now I can’t wait for opening bell today
I won’t put a stop on this till January. But I’m not looking to trade this anymore. Just holding
Yea I used to have more equity here but made some silly trades and lost share value. I learned from my mistakes though and I’m young so I’ll be fine
What do you consider small?
I second that statement, but while it made be overvalued based solely on fundamentals this Stick Ian currently overbought. That being said is pps was solely based on fundamentals Tesla would not be worth what it is and neither would many other stocks
It’s very thin market place. When money comes in we have big runs as volume grows and then when people take profits on those runs is cause long term buyers to accumulate shares as the pps drops. Thats called consolidation. It moves like that because nothing can skyrocket forever. It moves a lot because it’s a low volume market and larger volumes will cause larger fluctuations in the share price
Yes clearly this stock is not currently overbought based on rsi and that’s a great indicator for bullish behavior
Pretty sure you’re not privy to the potential size of the mj market. The price is based on possible future valuation. Akin to something like Tesla
I’m on the same page as you but gaps are basically filled and rsi has reset so it should close in the green today IMO
It’s only a rollercoaster because it’s a thin market and there’s a lot of financing going on historically. But this is a solid play it’s gunna be huge you should hold. I’d buy if I had any dry powder left. Today should be a Green Day
Or are they just raising capital without diluting perhaps?
What are the implications of this?
I agree with you totally my friend
Yes if this goes back to the 4.00’s I’ll be selling some other positions to buy more
This stock is consolidating and filling gaps because of profit taking and perhaps some short positions.
They won’t be holding too long
It most likely will. Does that make this a bad investment? No it does not
What bag holders? This is what it did after the last run. I’m still up a dollar per share this is just consolidating rsi is going to reset then it will run again
Exactly. The way I view it there are still many months ahead with many major catalysts for the mj sector. Nothing can run indefinitely to insane prices based on fundamentals alone. Some tickers boom thousands of percent in one day from huge positive news like acquisition. That’s not the case with the Canadian MJ LP’s. They are nascent entities in a budding and potentially gargantuan industry. They have the most market share for marijuana production right now in the world and they are growing organically at a sustainable rate. While the runs have been huge one must understand it’s because these are extremely thin markets with low volume and as institutional money migrated here we’ll see more runs like the ones we just had. That being said nothing will just run run and run to hundreds of percents in one week because of organic growth in a burgeoning yet tenuous industry. What is happening here is healthy and natural, profits are being taken after long runs and shares are being accumulated by long term investors or new traders to the ticker. Bases are being built. Fundamentals are getting stronger. Let’s ride this ride and get off when we’re ready.
Thanks for a healthful technical analysis void of sensationalism. That’s how you make money with a sane mind t the same time lol
APHQF, acbff might have another red day tomorrow. gaps need to fill
You all should stay out of such thin markets if you can’t handle big runs and heavy consolidation.
It’s not going to 4s lol the rsi is just resetting
Based on what exactly?
I’m not sure if a merger is a sell the news event. It should just fundamentally increase share value based on technicals alone.
Hey man don’t stress too much about missing one big run just learn how to identify them and use that in the future. In the words of Quigon Jinn, “There’s always a bigger fish.”
So you’d never own this stock huh? Really? You’d never want to own an industry leader in the largest emerging industry period? You wouldn’t want to own a company making acquisitions to further vertically and horizontally integrate their business model? If you went back in time you would buy it at 1.70? Think about what you’re saying. At least fix your time horizon to perhaps I wouldn’t buy this stock right now because it’s overbought. Use that noggin man
It’s not overvalued there is a huge potential value for this sector.
Right on!
I remember last year around this time a few of the Canadian LP’s, most notably canopy, remained at and above 70 rsi for at least several weeks. Now I’m not the most technically knowledgeable investor but I believe there a term called buried when a stock continues to move up for a long period without ever dipping much below 70 rsi
I’m just saying that all they did was announce that the deal was proposed. When the result is announced the share price will reflect the impact of the news I’m sure. But I don’t think negative news will make this stock price crash down anywhere below 3.85 or so and I think that because the break out was because of fundamentals not the CanniMed announcement. There are a lot of share holders who are just excited about another LP with exceptional fundamentals and profitability that won’t sell just on the news that an acquisition failed or is being deliberated in court.
Are you kidding me i called him stupid after he repeatedly called me genius in sarcasm. Whatever do what you want it’s not like these boards are even useful
Classical rhetorical technique to point out one flaw in my knowledge to invalidate everything I’m saying. You should run for President. I apologize I misused the term base and then made a typo in my post work typing haste. Were you not watching the share price today? There is support at 4.50. Go check stockta.com
I’m not pumping the stock wtf are you saying. And I made a typo I know what resistance and support are I just didn’t know what a base was I guess
I hear you man but if this goes back to 3 dollars I’m simply going to buy more. The medical and recreational cannabis industries are going to amount to tens of billions of dollars within the next ten years. Aurora is a well established and profitable licensed producer of medical grade cannabis. Just like canopy is at this point. The only way these stocks are overvalued in the long run is if the cannabis market flops, and it’s not going to. Also keep in mind that this huge run up in share price was because of improved fundamentals not the CanniMed deal the CanniMed deal was announced after the 100 percent run or rather at the end of it. If anything it stifled the run. People aren’t dumb they know that News was ambiguous at best. I’m buying because I don’t want to miss the ride to 7$ where it’s surely going in the next year at most. Over 50 percent returns is something I like
Support***
My mistake but I meant to say support I guess. I thought the terms were similar in meaning