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$4.50 US max for the day????
Sold the other day and regretted it so I bought back in and holy crap am I glad!!! screw flipping this again, holding into recreation in July 2018!!!
Yeah.... back down it goes. Probably to 3.50 or lower... I'll hold but FML.
If you go back to some of my MUCH earlier posts, that's exactly what I was thinking. Possibly buyout from canopy so they own the whole company. That would be my preference, a nice premium on shares and then dividends for years to come.
Aaaaaand just like always, I sell at 3.20 and then chased today to 3.80 only for it to drop back down INSTANTLY!
Come on... where's $4 eh?!? Should have just held like I have done for the last f-ing year!!
I've been here since day one of Auscann. It has seemed to me that Australia are 2-3 years behind where Canada are in regards to company sizes, prominence and performance.
The last few days have been fantastic, however with another year or two, which will bring revenues, positive cash flow and expansion, I would hope we could hit $2-$3 PPS.
Patience will be rewarded massively here.
I've been here about 2 years now. Was in at an average of $1.90 and have sold today at $3.10 to take some profits...
I'm think this will be over $5 probably by next summer (legalization) but after the last couple of days doesn't anyone think this will have a pullback to around the $2.70 ish Mark?? Or any pullback at all tomorrow and Friday? It's run up pretty fast and after every peak there seems to be a little trough?
Thoughts please!!
While there's a good run going, I'm sure there will be a pullback, phenomenal news but if you look at Australia you can see there is a pullback today already. I think this will be a 2-3 dollar company (US) within a year or two and as I've previously said, $4-$5 auS would see me retired, I think this is a LONG term play, I see natural growing conditions in Australia that will rival international supply and being so close to asia, there is massive opportunity for expansion and monumental growth in sales. My personal sell target is $5 US
http://www.proactiveinvestors.com.au/companies/news/182085/auscann-group-holdings-to-outline-next-medicinal-cannabis-steps-in-australia-182085.html
So we have a good harvest in South America, successful fund raising (I am informed Auscann are also looking for investors in Asia (that would be a phenomenal market to have links in and to get into) and to me, part owners canopy might be interested in a little more of a stake in this company since the news on US investments owned by Canadian companies.
Also with the partnership with Tasmania alkaloids and their new license, I feel it will be a great report and announcement, I'm hoping for something big but we will see. Could also be a problem with Australian legislation stalling or the reluctance of Australian Dr's to prescribe cannabis and the stigma still attached, Auscann have brought canopys medical educationalist in to tackle that so maybe he's had some success. Maybe not.
All I can say for sure is it's good to hear something from the company.
I can't find anything on it? I see the SP has taken a step back today/this week a little but any quotes or sources to shed some light? Maybe I'll take some profits and re enter around 1.80us if it drops there again but I didn't expect it to go below $2 again for a little while....
Slow burner, they're barely a few months into medical legalization and haven't harvested a domestic crop yet, they're basically where canadian companies were a couple years back.
I've spoken to the company and they say revenue is expected for late 2017/ early 2018.
What's the better investment right now and why?
Aphria vs Canopy
I know it's been bad trading (I have 2700 shares @ 1.20) and I don't want to sound like an a$$ but, it's under $1 a share, we now have a sales license and I have enough powder from CGC share sales to average down and end up with 6000 FIRE shares! I couldn't be happier, the company looks much stronger today than it did a few months back and I'm happy to hold for years to get somewhere near $8-9 PPS. At that price, I don't have a mortgage!!!
No one wants this company to succeed more than I do, but I'm sure glad we had this drop in share price, let's us get in cheaper/average down more.
16% increase today on volume over 50,000.... hoping it's the start of something, might just be other retail getting in early on the game. Give it a few years and we should be over a dollar easily, Auscann is an Australian company that will make it im sure.
So as soon as I sell under $6usd a share it decides to have 2 Green Days up to $6.50....
Hopefully it'll go back down below where I sold so I can have my 1000 shares back.
Some news for our investment (speculation by definition but) I'm optimistic. We own about 15% and can own more with warrants/options.
https://ajp.com.au/news/cannabis-special-access-restored-terminally-ill/
Let's hope so, last I heard from the company is that they were in Asia looking for some more new investors. As one of the top companies in the Australian space, along with canopy by its side, in sure this is nothing more than just a long wait until some profits.
We should have revenue before 2017 ends and that'll give it a nice bump, then expansion early 2018, some profits mid to late 2018 then hopefully exports by 2019, by which time I'm hoping it's hit over $2usd.
It it gets anywhere near $4usd before then though, I'll take my money and retire.
Not impeachment yet but this is interesting:
http://www.businessinsider.com/jeff-sessions-suggested-resign-trump-2017-6?utm_content=buffer42361&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-bi
I hope I don't speak too soon but currently most of this sector is in the green, perhaps a Green Day for all the large LP's for some respite?
LOL!!! This won't go below $1 before rec. then within 3-5 it'll be over $5
How exactly is this a scam? It's a billion dollar company that is growing and expanding. My funds are diversified over a 6 companies and I'm sure there is profit in legal cannabis, just as there is profit in alcohol, tobacco, orange juice etc... I used funds to buy a house in 2015 instead of buying CGC/Aurora and over 18 months I saw them grow crazy valuations. I would have been a millionaire, quite literally. I still believe in these companies and that someone will make a lot of money from the legalisation and sale of medical and recreational cannabis.
I do my own DD and read the forums for extra articles/any I've missed and while I'm not the eternal optomist and live in reality, I just can't see what I must be missing?
Please enlighten me.
I'm down close to $100,000 usd (sold my house to invest) and I still believe in the long term future of this industry, there are always big players in industries, Coke, Walmart, Apple, Nike, Budweiser, Lays, Ford etc... this is literally less than 2-3 years old and mainly medical, also the first companies in the first G7 country to approve of cannabis use. Recreational use hasn't even passed yet and we are years from cannabis being as widely available as something comparable like tobacco and alcohol, I know it sucks, it's a long long wait, but yes, within the next 3-5 years there will be giants of the industry that are making hundreds of millions of profit every year. If we invest in the correct companies then wealth will ultimately follow.
It's easy to say 'market manipulation' and that the market is overvalued, right now it is overvalued without the large profits to back it up, but it's brand new and a process. Many whales still want to get in and want to get in at a lower price. Sit tight for a few years.
For all sad words of tongue and pen, the saddest are these, it might have been.
If this gets to $1 usd I'm selling all other positions and this will be the only company in my portfolio.
There are some 'winners' in this industry already, or at least ones that, bar anything horrific happening, should emerge as very profitable companies. I strongly believe Aurora is one of those companies.
I'm almost certain that this will be $5+ within 3-4 years
Massive gains back today, over 40% so far. Hopefully a reversal, let's be on the lookout for some news!
Today is a better day for Australian stocks in general. Zelda making back some gains and Auscann too. I'll still be here in 2-3 years though, waiting for that $2-4 range usd
Whisper is quietly, but, we may just have found a floor. At .40aud ( .30usd) That's where I see some support at least.
They're looking at getting a few new private investors, hopefully not more dilution (I wouldn't suspect not after the recent 12m raising) but we will see.
Up a few% down under, let's hope they close the day out green, another few to end the week on a green NOT and it may be reversal time. That's the optimist in me at least.
I think we can ride this out. Im in at .60usd and if it hits .17 again I think I'll just add until I've averaged down below .50
Long term I think this will be one of the Australian companies that make it, along will cann group.
I have some Zelda and MGC Parma but that's more speculative.
Auscann is of course speculative in itself but given the management plus experience canopy brings to the table (they are the major shareholder and voluntarily tied up their shares for 3 years) coupled with the possibility of exports to Asia and the near certainty that at least domestically they'll be a major producer, I believe we have a solid company.
Dilution is never nice but as long as they actually use those funds for smart expansion then I'm not concerned long term. It just hurts to be at a 50% paper loss currently.
So short term it's F***** but what's the long term outlook?
2 years to be over $1usd? Seem reasonable?
Is one of those companies (in your 20-40 cent range) Auscann?
Doubtful of an $800+ million buyout... maybe a joint venture, there are whisperings of associations with cannabis Wheaton (they're also on a trading halt)
Whatever it is I'm hoping it's good news. 2 day trading halt and a long weekend. Better be good news or the drop will be HARD!
You think it'll go all the way back to IPO levels? 0.17 cents for a gap... that'd be very low indeed, yes a lot of gaps get filled but that would be quite something considering the progression made since march, expansion and joint ventures.
Think it'll ever get to $4 usd? That's where I want to sell anytime within the next 3 years.
Does anyone here have any idea what the heck is going on with Auscann? Canopy owns a good deal of it so with the SP in seeming free fall right now will it have much effect on CGC's SP?
I know they had a capital raising recently but also announced deals to push forward and expand.
There must be a base somewhere (support was at 0.50 AUD but is currently 0.47 at open in Australia right now)
There's some good info on the board on acnnf but I've found better analysis coming from here.
Canopy holds the shares for another 3 years before they can sell and I think it'll be more solid in 2-3 years but right now what can make the SP fall so hard so fast? MM's or is there something someone knows?
Thanks for any input!
Another article I think some might have missed.
http://www.ibtimes.com.au/cannabis-now-being-used-treat-severe-drug-addiction-medical-marijuana-company-auscann-ready-expand
Below 0.40 USD is a STEAL!! I can't believe I'm out of powder right now. But yes, low volume, MM's making it cheaper and shaking a tree and all that. Quite concerning next few months ahead but the share price should be closer to $1 by Christmas.