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I meant to say resistance I guess then you boy. All you old people like to do on here is bicker and assert your personal views reminds me of our broken political system. No wonder no one on here is calling thugs accurately
The 100 percent run up was not due to the CanniMed deal brother. It was due to the highly improved fundamentals in their quarterly earnings report. The CanniMed deal caused basically horizontal movement. If it falls through or gets drawn out we could retrace to just below 4.00.
The reality is that it has formed a new base around 4.50 it could be buried above 70 rsi until the run is over
I agree with you based on the movement in the market yesterday. I’m locked in till at least January now
Yea I agree I just sold some organigram got another 3k ready to put into aurora I’m just looking for the bottom of the next run
I’m not seeing a run today all the premature momentum is dissolving
True. I forgot because I don’t celebrate. Maybe no run this week then
I think this consolidated a little more today run starts wednesday
If people had crystal balls this wouldn’t be a market
Why so vague?
If bitcoins as 8000 this stock could run. It is underbought, and does in some way correlate to btc price. Because of the portion of the market based on investor sentiment. When it runs take profits.
If it goes back down then buy more
Any news on the acquisition?
Well I’m saying with have a pullback if the deal falls through because the stock is still slightly overbought. Traditionally it likes to hit about 50-60 rsi before it starts to rebound. Hard to say because we’ve seen some unprecedented volume now. I also happen to agree with you that this deal going through could potentially cause a slightly sell off because of the dilution.
Tbh i would actually like it if this baby retraced to somewhere around 3.50... i’D Sell some of my APHQF and buy more
Isn’t this strange? Why would CanniMed acquire another company if it was in the midst of selling itself? Any one have any clarification?
The main concern would be the kinds of pesticides being sprayed on stuff Willy nilly in the black market. Other than that there are very rare occurrences of people spraying weed with something chemical to make it smell stronger or give you a wild High.
The price is only less than ten a gram in the black market if you are buying in bulk. Generally once you get past 14 grams it drops just below ten a gram. When you price in all the quality difference from a legal dispensary a few dollars cheaper and running the risk of being arrested will just flat out not be worth it at all. There’s a reason why most Doug dealers are against legalization
Jimbo this guy isn’t spewing propaganda wtf. He led good technical posts and he’s right if this acquisition doesn’t go through it should drop back below four based on chart technicals. Go watch some south park or something stop wasting our time.
I do too believe me. Maybe you haven’t been in a legal dispensary? The difference in quality of product, information, and service is astronomical and the pricing is even cheaper in the legal market. People won’t choose black market over legal bottom line.
Same page as you here I’m basically buying with an RSI below 70. Once we start to see volume leaving the major indexes and coming here we will have some more runs like the one that just happened
The way I see it though they probably wouldn’t have made a big PR if the deal was unlikely, and they are paying a large premium so in my eyes it will most likely be good which is why I bought back at 4.18 today
You’re right but please stop pulling obscene pump numbers out of your behind. There’s absolutely no technical evidence that this stock could triple by next week. Triple by January? Perhaps
The best deal will be in the legal market. That’s where you’re guaranteed a regulated product not sprayed with god knows what pesticide, or an edible with a somewhat accurate dosage, or literally any strand at any time with a person to give you all the details of that strand as you buy it and not some made of name for some random strand like Spanish trampoline where the dealer is half guessing as to whether it’s indica or sativa. Your perception of how the black market works is a bit off mate
Whether or not CanniMed will accept their offer
If the news isn’t good yea it could go below four for sure. Here’s to hoping it doesn’t
Yes thank you for debunking this fallacy in detail
It’s not all shorts pushing it down though. It’s highly overbought and it’s the holiday season people are going to take profits when they are there. It’s not going to retrace back to the high 4’s tomorrow. I truly am starting to think all the speculating on massive moves is incorrect 90 percent of the time. I agree that it will go back and keep going up for months but things are happening more organically and at a slower pace then these pumper dumper types like to claim
A massive “have a nice week” to the people telling me I’m inexperienced and deluded on this board when I called this pullback with technicals and logic you’re all fools listening to the Camelot guy who is off his rocker and giving you no facts whatsoever
I’d say around 4 no one can tell you exactly where but buy around what you think is the bottom based on technicals
We all realize that convertibles are a great cheap source of capital for companies but the point is it will dilute the share price and allow people to get cheaper share so maybe it’s not the time to buy buy buy just now. But yes I agree that if you buy now in 6 months to a year you’ll have made good money in just saying there is an opportunity for cheaper shares with this dilution and the amount of time we have until the major catalysts
Aurora Accelerates Warrant Expiry Date for Anticipated Proceeds of $50.8 Millionhttps://finance.yahoo.com/news/aurora-accelerates-warrant-expiry-date-161900139.html is this enough shares for dilution??
All the voracious pumpers and dumpers on these message boards really take away from good stock talk makes me sad
What on earth is this based on?
I’m saying that if it has he kind of momentum me. Camelot claims it would not close below 5.00 today. Someone else said to me it definitely would close above five. I don’t think so
Yes but still dilution doesn’t warrant an unfettered bull run into next week
Aurora Cannabis Announces Conversion of Remaining Balance of $25 Million Debenturehttps://finance.yahoo.com/news/aurora-cannabis-announces-conversion-remaining-150000480.html
I totally agree with you this is very bullish until July 2018, but this type of run is unprecedented and it is highly unlikely that it will just continue to soar up past 7 dollars this week. I’d be flabbergasted. Canopy didn’t move that much when (the name escapes me) that company who owns corona bought a ten percent stake. This has to retrace and fill the gaps on the graph. Honestly if it’s 7.00 dollars on Friday I’ll buy more expensive shares but I’m thinking that’s not gunna happen.
I’m not sure how to put links on here but it’s on yahoo finance And was posted 7 days ago. The remaining outstanding debentures and accrued interest will be repaid in the form of common shares on dec 9, 2017 and May be forced into the market at 2.00 per share
2 hours to get above 5 and stay there. What will happen?