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...Agree...
How about actual results as opposed to "talk, hype or rhetoric".
While I believe you are "theoretically" correct, what are you basing this on? We've had decent financials and even very good news/PRs in the past and nothing really materialized. Even the short term gains were virtually imperceptible. California going legal did nothing, signing on to help the big boys (Aurora, Canopy Growth Alphria etc.) did nothing...is this more "wishful" thinking or just trying to keep the good vibes alive"?
Regardless of what happens with this stock, I'm in a holding pattern. Not about to buy any more but the converse is also true for me at the moment...not selling "yet" either.
You and I have very different ideas as to what "looking good" means or looks like.
The real question is: "Who will eventually be the fool? The buyers or the sellers?"
I could say the same behind all the "cheerleading" about how this stock is going to take off "Yawn"..yes, this is the market but everyone's definition of "long" is different. There is also an old saying: "...a fool and his money are soon parted...".
We shall see...
...but even the last few fins were "not bad", yet here we are languishing in >.02 land. I hope you're right.
I hope you're right. But if these PRs are anything like the last ones, we'll see an imperceptible gain followed by a drop somewhere below .02 again...
Well, I can't necessarily fault you for wanting to gobble up shares, especially at that price. Of course I'm assuming you're still betting on the PRs and Fins being favorable along the way...and if they are, you and many others, stand to reap the rewards. As I mentioned before, I'm just standing pat at the moment and to be quite honest, I'm on the other side of the fence; until I see this stock do more than the <.02 dancing cha cha. Barring some unbelievably great news, I believe Canada will be my line in the sand. However, if you still have that order in after Canada, that in itself should be telling...meaning, this stock has not performed like we all have hoped it would...and you will easily be able to fill that order once my "sell" is in...assuming of course, I don't completely get taken to the cleaners, then I may be forced to hold even longer. gl
...nothing preventing you now from buying...
...yes, I see...it goes without saying, if you believe a stock will go up, then you continue to buy...and especially on the dips. I for one, could cash in for a small profit but as for continuing to buy, well, let's just say I've turned skeptical and will hold with what I have. Certainly, those that continue to buy may reap the benefits, but the converse is also true...I've said it before, that's why they call it speculating. glta
Virtually every day has been a loading day with this stock...meh
You lured me in on that one Shaark! LOL! OMG, that was hilarious. You made my day brother! :>D
Well, I'll give you this mc73, you are an eternal optimist...
That's because of results like the below. PRs or quarterlies haven't produced squat, just very temporary upticks...only to fall back. The news you cited came on Jan 16th, look how well ACOL performed given what is arguably outstanding news. Look what happened just two days later. What leads you to believe Canada (17th largest GDP) will be a force to be reckoned with when California (6th largest GDP) hardly moved the needle? Remember, we are talking about "California-Based" ACOL. Just food for thought and fwiw.
Dec 1 .0123
Dec 15 .0124
Dec 29 .0205
Jan 2 .0233
Jan 16 .0175
Jan 17 .0188
Jan 18 .0177
Today .0169
Year to Date Net Change -17.6% and this was with the end of year PRs and California going legal.
I hope you're right, but this stock is sounding like the "the boy who cried wolf". How many more "wait til this news or wait til that news' do we have to hope for? We shall see soon enough...
I don't necessarily disagree. That's why I'm not putting much faith in Canada. There are more serious under pinnings, some of which we are not going to be privy to.
It was a knee jerk and complete over reaction by many, but no doubt, a politician's words can cause problems for many companies. That being said, Session's statement was just a speed bump for many MJ companies and now for some, as I have mentioned in previous posts, are at all time highs. Not sure what a PR has to say to get this to start and sustain an upward climb, but if this stock couldn't get a rise from 6th largest economy (GDP) in the world; when they went legal (California), what makes you think Canada (17th GDP) will have a bigger effect? ...and ACOL is based out of California.
That's not to say I want ACOL to fail, but I think this summer may be the last great hope.
This "should" be huge, but given ACOL's history thus far, it will probably be another wasted opportunity...in my neck of the woods, we call news like this a "nothing sandwich". Recall this is only FDA approved container and look how well that's worked for us. Just a matter of time the likes of Kush is also manufacturing FDA and/or child proof containers; unless this company can figure a way out of the quicksand.
Unfortunately, you're getting excited over nothing, although, it should have been a huge deal. What they announced a few days ago was that Canada's 4 major LPs were using ACOLs FDA approved multi-function containers.(I don't recall if it was exclusive) but once again, ACOL didn't do anything despite this outstanding news. However, the others involved, have continued their steady climb up.
...that's why they call it "speculating" brother! :>D
fwiw, I believe Canada is the last hope for this stock barring a buyout. I could turn a small profit now if I sold, but I will give it one last chance with Canada. If Canada turns out to be another California, then I'm thinking I'm done. It is sickening to see the likes of Kush, OrganiGram, Canopy Growth, Alphria, Aurora and many others sustain a steady climb up, but this one languishes in <.02 land. But, it is what it is...
Yeah, if nothing else, you'll give yourself a little break from the disappointment; because this stock cannot seem to mount or sustain any forward pps momentum even when good news is announced. I'm gone for awhile as well but I'll keep eyeballs on this from the cheap seats. If it can ever surpass it's all time high and maintain that level and/or higher, then, I'll gladly sing it's praises as well. As for now, holding long seems to be the logical move at best.
So what's your point? We need more than just "luck" for this to continue to sustain any meaningful gains.
Fair enough. I understand what you're saying. As I mentioned, comments and certainly "actions" by any administration can effect stocks, businesses etc., but I think your ability to withstand what I believe to be temporary speed bumps, you will be rewarded handsomely.
Godzilla, you're putting words in my mouth. I never said ACOL didn't go up at the beginning of the year, I said it didn't "take off" like the continued daily "wishful" thinkers keep championing every day on the board. Of course anyone in power can effect a stock, but those that claim that Session and the administration are the main reason ACOL continues to under perform, are deluding themselves. As for those investors that won't invest in MJ because of this administration; well it sucks to be them; they are only hurting themselves. I don't think there is anyone out there right now that doesn't believe MJ is going to be legal nation wide at some point, and eventually, federally as well. Of course that doesn't mean there won't be bumps in the road. I'm certainly not as heavily invested in ACOL as you are, but I too stand to turn a nice profit as long as I continue to be patient. I missed out on Kush, but was fortunate enough to invest in Aurora and OrganiGram...despite the current administration.
A really gutsy call Denver. Here's another one, I think the stock will go up some days and will go down on other days....see, I can make "useful" predictions as well.
Long term, I hope I'm wrong as well Kutthroat...
Those of you who believe Sessions or this administration are the main reason this stock is not doing well (or holding it back) are just looking for excuses and have no idea what you're talking about. That is not to say there isn't some effect, but it is small. There are many examples of other MJ companies doing extremely well, such as Canopy Growth, Aurora, Aphria, OrganiGram and even another bottling company called Kush. I'm sure you all have heard of them. You're the same ones who said it would take off with the end of year PR, well it didn't, then it was when CA went legal, again, it didn't...very disappointing reaction to say the least. There are probably many reasons why this stock is moving disappointingly slow, not the least of which is 5.2 billion outstanding shares; but Sessions and the administration are not the main reason.
Don't disagree and I didn't mean to imply a buyback was in the near future. I've been long on this stock but I'm counting on a buy back as I think that is more realistic at this point then for them to buy back their shares.
...I'd definitely be down with that
...and that is exactly what I think the leadership in this company is counting/banking on...a buyout. No one here cannot honestly say they weren't disappointed by the lack of movement when CA went live. Whether it's been a good PR or the former, this stock's movement has been excruciatingly slow to imperceptible on it's "upward" climb. Of course, for those who got in under a penny; they are really the ones who are reaping the near term paper benefits or "realized" gains if they sold. A buy back of shares or a buy out of the company is what I'm looking at fwiw.
Agree jack7377. If California is any indication of how ACOL "blasted off" [sarcasm] from that great news, Canada will be just as imperceptible. This needs to be held really, really long or maybe we'll luck out and they'll be bought out. Just seems as if "buy back" is not on their radar screen. This penny is for the long haul, if anything...
This morning, OrganiGram is up +0.55 (+16.07%), Aurora Cannabis +1.90 (+22.90%), Canopy Growth +4.84 (+18.69%) and Aphria +1.43 (+6.59%). I guess we should be happy, so far, we're keeping pace with Aphria this morning (ACOL +0.0011 +6.92%).
Couldn't have said it better. We're both on the same page. If Canada disappoints, then regardless, it may be time to punt for me. I don't have any ill feelings for those "hoping" for better results, after all, to a greater degree, we're all speculators...but I do get tired of the naysayers and especially the "cheerleaders".
This is possibly one for the long haul mc73. Good PR at the end of last year, yet a negligible gain. Company states more to follow (and I do believe that); but even with CA going live, another imperceptible gain. Not saying those that have been in below a penny are not seeing nice gains, but the amount of these outstanding shares is killing this. If bigger gains from the upcoming PRs, and Canada don't materialize...or are as "good" as we saw at the end of last year coupled with the CA news, then I believe this is a telling sign on the viability of this company. A huge buyback/consolidation of shares could also be extremely helpful. As I mentioned earlier, this may still be a possible keeper for the long haul or a buyout. My plan for the future hinges on what happens to this stock when Canada goes live...I hope it's not as disappointing as when CA went live. I too would like this company to succeed. Only time will tell.
Do not necessarily disagree Neoprim. These "upcoming" PRs may not make much of a dent...and if this stock's reaction to California going legal is any indication, ACOL's reaction to Canada may not fare much better. fwiw, Canada may be the last great hope barring someone buying them out. Staying long may be the only viable way to either make a small profit or possibly breaking even. Too many outstanding shares is diluting any real "good" effect a PR may offer...at least that's the way it looks from the cheap seats.