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Isn't this a Canadian pot company? Isn't this ACB forum?
2nd "flag" of the day getting unfurled this afternoon. Chart indicators do matter, and even if "overbought" RSI numbers at times, a ticker price can still rise more. I am expecting the next leg up soon this afternoon
I also agree....all we need is for the next quarter to be really more positive. I can wait...but if some really fantastic news of more immediate concern shows up, I would think Shorts will be covering faster. It is just a matter of time, imo, before we see it go to new highs
imo, it just showing temporary overbought top with RSI high, so one would expect another small pullback...question is, is everyone thinking a drop is coming , or are shorts covering? This is the second "flag" of the day on the chart, so if pops higher, then really is a reversal, since it bounced off the lower trading channel line today.
https://elite.finviz.com/chart.ashx?t=ACB&ty=c&ta=0&p=i15&s=l
https://elite.finviz.com/chart.ashx?t=ACB&ty=c&ta=0&p=d&s=l
I will also be watching closely, as I have seen this as a worthwhile company, once we get past this RS and on with life, as I live in a rural area. They ship patients, in the past, off to 90 miles away all the time. Now I am aware that a new hospital is going to be built right here in this rural town. They do not build in rural areas without good reason....economically
it will move up, because the RSI is lower than 30. Depends on what time of day still, but there is no question the charts show way oversold on two day chart
no, ACB is one of the best future MJ companies. This is just short selling. We are at bottom today if you wish to add some, IMO, but this is just trading....until...until there are less shares for sale....as long as we drop like this, means the stock chart gets whacked and it will happen again when it is up a dollar, as those buying in today here buy and collect selling again next time it is up a dollar or so. This is a long term hold if you have other stocks to trade.
Many times I have seen traders wait until a conference call to make serious decisions... We know there are shorts on ACB, so they, if they really felt a need to cover, might wait until a conference call where some one might say something in the management words that makes them cover. otherwise, it is long term...we will see
ICC Labs Obtains Final Order For Arrangement With Aurora Cannabis
Today 2:12 PM ET (GlobeNewswire)Print
ICC Labs Inc. (the Company or ICC) (TSX-V: ICC) is pleased to announce that the Supreme Court of British Columbia has issued a final order (the Final Order) approving the plan of arrangement (the Arrangement) between ICC and Aurora Cannabis Inc. (Aurora) (TSX: ACB, NYSE: ACB). Subject to the terms and conditions of an arrangement agreement between ICC and Aurora dated September 8, 2018 (the Arrangement Agreement), Aurora will acquire all of the issued and outstanding common shares of ICC (ICC Shares). Obtaining the Final Order is one of the conditions to completing the Arrangement.
Receipt of the Final Order follows the special meeting of shareholders of ICC (ICC Shareholders) on November 6, 2018 wherein approximately 98.74% of votes cast by all of the ICC Shareholders eligible to vote at the Meeting voted in favour of a special resolution to approve the Arrangement.
If the Arrangement becomes effective, each ICC Shareholder will receive $1.95 per ICC Share, payable in common shares of Aurora (the Aurora Shares) valued at the volume-weighted average trading price of Aurora Shares on the Toronto Stock Exchange (the TSX) during the twenty trading day period ending on the second to last trading day on the TSX immediately prior to the date the Arrangement is completed pursuant to the terms of the Arrangement Agreement and as further described in ICC's management information circular (the Circular) in respect of the Arrangement, a copy of which is available under ICC's profile on SEDAR at www.sedar.com.
Completion of the Arrangement remains subject to other customary closing conditions, including the receipt of certain Uruguayan regulatory approvals. All requested documents have been submitted to the relevant Uruguayan authorities to apply for such approvals and a response is currently being awaited. Assuming that the conditions to closing are satisfied or waived, it is expected that the Arrangement will be completed in the fourth quarter of 2018.
They do not have anything to do with ACB at all.
Thanks! I did not know that, so yes, if you guys know where the source of that is, I sure would like to see it.
After hours and premarket may be really wild11/08/18
Q1 Aurora Cannabis, Inc. Earnings Announcement - 11/08/18
Cannabis Stock Index is rising, not falling
101.150.75 | 0.75%
November 6, 2018 10:46 AMESTVolume: 35,571,174
USDCannabis Stock IndexReal-Time Price
https://www.newcannabisventures.com/cannabis-stock-index/
Looks to me like the index is rising on these stocks, not going down
now premarket $7.44
https://www.nasdaq.com/symbol/acb/real-time
Aurora Cannabis Inc. Common Shares Real Time Stock Quotes
ACB
$7.40
premarket: https://www.nasdaq.com/symbol/acb/real-time
Do you have a link for this source? I would appreciate it if do. I do not see it on TDAmeritrade news nor on the OTC page. Where is it from...the source?
If I am not mistaken, this company is a "royalty" company. That means they handed out cash to developing MJ Canadian companies in order to receive product to sell and or cash in return later after the MJ companies they supported made money or grew crops. I have been looking at this one as an "after market" gold mine. Once the companies they invested in do well, then this company gets product to sell and or cash from the profits.
So, big deal. Mafia? Mafia are involved in any business they buy stocks in, and we would never really know. When the investment banks can manipulate currency markets and the price of metals and n one ever goes to jail, do you think anyone in government really cares? I doubt it. They might be short sellers, so how ya gonna stop any crook from investing in any company. I always thought Las Vegas was started by the mafia. If I were ACB, they would have already answered those questions when they applied for a Canadian license. If I were them, I would not respond to reporters in any country. See how trustworthy reporters have been recently...NOT!
When does any insider have to warn you mo9nths in advance they intend to sell?
They just have to report that they did after the fact
question should be how many will do so when legalized everywhere...how many want to but do not because of being illegal
First of all, those institutions already holding shares have been in there a while as it went up. And, yes, looks like it updates once a month when they file their forms. I would not put so much weight on institutions running the price up, because once we continue to hold and not trade ACB, the institutions will want to get in. They just want to make money also. I just cringe when I see too high a percentage of institutional ownership in any stock, because they have the power to run the price around a lot at will, imo. Their ownership just is another piece of a puzzle to help us know what price might do. If they do not buy more, so what? That would mean they do not know what they are doing, imo.
looks like latest 13-F filed by the institutions was 9/30/2018, so any new positions by any institutions this week will not show up until they file the form with the SEC and are updated
Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.
correct....so far...remember, they just got listed on the NYSE. I am not certain if there is a lag in NASDAQ posting institutional ownership on their site, but premarket and after hours are going to help. Sometimes I do not think it is great to have too much institutional ownership, because that can work against the normal investor at times.
institutional ownership https://www.nasdaq.com/symbol/acb/institutional-holdings
ACB now trades premarket and after hours.
This morning the high hit $8.43...see the link
Pre-Market Volume: 1,620,542
Pre-Market High: $8.43 High
Pre-Market Low:
$ 7.70 (04:09:46 AM)
https://www.nasdaq.com/symbol/acb/premarket
you are correct, as something like Italy is a problem to the ECB Union and will have some effects on the overall world economy, but when things go bad elsewhere, in the past, people drank more liquor...so, if MJ will outpace liquor sales when people wish to 'escape" plus the medical uses, I would think MJ would benefit in the long run in any stock changes overall
One just has to know what they have and be patient. I would not sit and watch ACB today at all...besides, if you are long, why bother...this is just another "one of those days" for now. You know it ain't going to "zero" or lower really...RSI is way too low and way oversold all week.
Ok....now I know what you mean, but we all knew it was NYSE...Your post was confusing, because it was not saying that exactly.
Excellent information to be reminded of...thanks!! Shows on OTC security details
Of course that is wrong. You would have had to have an 8K put out if there was even a hint of something like that to be. No company does that.
I heard the CEO of ACBFF say we were going to be very surprised at the next quarter results....it was in one of the online interviews I saw on a You Tube last month..just search for them and watch them, then you will really know what ACB has and the potential.
I agree, but the poster still has some reason for claiming it will stay on the OTC, so I wanted the person to prove it. No company would stay on OTC once they were uplisted like ACB will be.
Dan Caplinger
(TMFGalagan)
Oct 22, 2018 at 11:32AM
Investors have done their best to capitalize on cannabis by looking closely at marijuana stocks. Aurora Cannabis (NASDAQOTH:ACBFF) (TSX:ACB) has sought to make it even easier for U.S. investors to buy its shares by arranging to have its shares listed on the New York Stock Exchange. Beginning tomorrow, Oct. 23, Aurora will join the elite group of cannabis companies whose shares trade on major U.S. exchanges.
Do you mind posting where ACBFF says what you said about staying on the OTC longer even though the news said starts trading on NYSE tomorrow...please post your link to your info, because I believe the opposite...no longer on OTC tomorrow...If I am incorrect, I would appreciate you showing me where it says what you claim it said.
do you read charts, as this is not a penny stock. The charts tell you when it is way oversold.
now why would that be?
Canada's Aurora Cannabis stock to start trading on the NYSE Oct. 23
7:37 am ET October 18, 2018 (MarketWatch)
Share
Print
Canadian weed company Aurora Cannabis Inc. said Thursday its shares have been approved for trading on the New York Stock Exchange and will start to do so on October 23. The stock will trade under the ticker symbol "ACB". The shares are currently traded on the Toronto Stock Exchange as well as on the U.S. over-the-counter market. The news comes one day after Canada fully legalized cannabis for adult recreational use, the first G-7 country to do so and only the second in the world to do so after Uruguay. Aurora shares were not yet active premarket, but have gained 38.4% in 2018, while the S&P 500 has gained 5.1%.
What I know is ACBFF is way oversold. Just look at the RSI on a two day/15 min chart....RSI in the teens is extremely oversold. The charts demand a rise.
You are aware that ACBFF will be trading tomorrow on the NYSE as ACB, right?
It will no longer be on the OTC at all.
ACBFF has been shorted for some time already, so this will not be anything new. What will send this thing into orbit is the 3rd quarter report....and certainly the 4th as well. Their revenue has continued and will continue up as well.
No, ACBFF does not need to fill a $5.00 level gap...Tomorrow will be listed on the NYSE...this is extremely positive
ACBFF is extremely OVERSOLD...I see this as pure manipulation by plan...the shorts have been in ACBFF all the time and need to cover before tomorrow, IMO. I expected this dip, but I certainly would not associate it with profit taking...this is just forcing the price lower to cover or to get the most for their money buying in before tomorrow.