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WOW!!
It doesn't take long for an Intelligent Investor to realize that their are better Cannabis Stocks out there - and they are all trading at huge discounts.
Lets face it: The Street hates ACB. They hate the dilution, the horrible acquisitions, etc.
But the Street loves OGI and APHA.
Personally, I like being the Stocks that the Street loves.
Actually, forget the "News".
"News" just makes a stock pop for a little while and then the Traders just sell it off for quick gains.
What ACB really needs is some good Financial Statements.
My Green Thumb is up 14% today. But they do business in the USA.
You can be a Long-Long all you want.
But when you are watching a stock slide from $10 to 62 Cents - some of us would just rather change our minds (it saves a lot of money that way).
But if you are going to be a Long-Long during a 90% Sell-Off, please do not recruit new members into your line of thinking.
Losing money just doesn't make sense to most people.
Yep. My stocks are starting to take-off also. But this is far from over.
To me, it just doesn't make sense to keep trading stocks when the Government has shut-down the Business itself.
For Example:
Here in Chicago, the Dispensaries are offering Curb Side Pick-Up for Medical Customers due to Corona - but the Recreational side is shut-down.
So this is having a negative impact on the Dispensaries here in Chicago - but their stocks are still trading.
So the Government is making the Stock Market an EASY Short.
Terry is not my type (he's a man).
But it didn't take long for your Supreme Leader (aka: Terry) to SELL YOU OUT now did it?
If Terry REALLY thought that ACB was a great value - he would not be selling at all time lows.
ACB is a Penny Stock. If ACB goes up 10% today - that really means 7 Cents.
I'm not knocking ACB at 70 Cents - it could go up from here.
Penny Stocks are hard to predict because you can buy 8 Shares for the price of a Value Meal at McDonalds.
But when Penny Stocks do go up - it usually isn't for very long.
I mean, how long did that Rally last on Friday? 7 Hours?
Yep. I noticed that last week and I wrote a few posts on it.
I think Terry's sale of 12 Million Shares was ACB's biggest Insider Sale ever.
I agree. The SEC should have shut-down the Stock Market as soon as the US Government declared Corona a National Emergency.
I mean, why is the Stock Market open when ALMOST ALL of the Business Trading on it are CLOSED? (Starbucks, etc).
The US Government should have just froze the Markets and we'll resume trading when Corona is contained.
Because right now, the Entire Stock Market is just Short Sellers taking advantage of the Corona Situation - it is not fair trading.
ACB hasn't had a true "Buy" Signal for a very long time.
The Entire Stock Market has tanked.
I really can't see taking a chance on Buying ACB at this point because ACB is a very risky play and there are just too many less risky stocks on sale right now.
OMG!! Thank God I've got a really good Stock-Pile of Cannabis!!
I'll just sit back, smoke a bowl of GSC, and watch the Tanks roll by...
Actually, I wrote several posts on why I post on here.
Basically, I would like to see how this Train Wreck Ends.
It is like binge watching Breaking Bad in real time.
But I am REPEATING myself again.
Darn it!! I repeat myself every time a new Board Member asks an old question...
Actually, there is truth to that.
The South Side of Chicago has about 4,000 Shootings each year and over 800 Deaths - and no one does Jack about it.
Running out of posts for today.
Everyone - Have a good weekend and stay safe.
No worries Bro!
However, does anyone really think that my posts on this Board can move 1.1 Billion Shares of Stock?
I mean, I hope not. I just do this for laughs.
Sorry, but Terry is still a "Strategic Advisor to the Company".
So why is a "Strategic Advisor to the Company" DUMPING HIS SHARES?
I guess "Terry's Strategy" is to dilute sharesholders and then sell the shares at the open market and make $10 Million.
Jefferies not happy...
https://finance.yahoo.com/news/aurora-cannabis-founder-dumps-12-180231531.html
Like I said: When ACB goes from 20 Cents to 40 Cents - The Longs will be Cheering that they are right. A 100% Gain!!
In this case: ACB is up 13 Cents. So the longs are Cheering today.
ACB is a penny stock. 79 Pennies will buy you 1 share today.
And it trades like an OTC Penny Stock.
I did have high hopes for ACB when it listed itself on the NYSE. I really did. But the NYSE Traders ate this stock for Breakfast.
I was making a JOKE about Warren Buffet Trading Penny Stocks (like ACB) on Margin.
I do not have a Margin Account.
I do not short Cannabis Stocks (although I wish I did in 2019).
I do not short Cannabis Stocks because I know the upside potential of the Cannabis Industry.
OMG! I am repeating myself again!! But this is new news to the new Board Members.
The RSI for ACB was way below 30 all week.
It looks like the last real flat bottom was at $2.
That TRAITOR Terry is going to regret selling his shares if this keeps going back to $2.
If this momentum keeps going into next week. I might jump in. We'll see.
I really hope this Cannabis Rally isn't just the Shorts Covering.
I mean, they do have to cover sometime.
And their goal is to cover at the bottom.
Time will tell. But I do LOVE seeing a GREEN Screen today.
I like this Cannabis Rally!!!!
I bet that TRAITOR Terry wishes he didn't sell his shares now!!!
Anyone remember High School Physics?
The HIGHER the CAT falls from - the bigger the Bounce.
And that CAT fell from VERY HIGH.
$10 to 62 Cents in 1 Year.
I can't even do the math on that decline.
I'm not Short ACB.
If I did short ACB - I'd be SUPER RICH right now.
That ride down from $10 was a short of a lifetime.
ACB is looking good today! As are the rest of the Cannabis Stocks!!
This reminds me of a Cat.
The Cat fell from a really tall Building.
The Building was so tall - it took the Cat a whole year of constantly falling to reach the ground.
The "Experts" were wrong for a whole year.
When the Cat eventually reached the sidewalk - it FINALLY BOUNCED.
If you would like a visual of this: Please refer to Exhibit A (aka: The Chart).
I really hope this Cure for Corona Works!!
China is almost Corona free right now.
If the Corona Cure Works - Buying Stocks now could be like buying the DOW at 8,000 in 2008.
Thanks!!
I dunno. My Computer Screen? It that little field that says "Stock's Low".
The Good News Is: It looks like the Cannabis Companies are getting a Pop due to the Corona Demand.
Even MedMen is up 13%!!
Oh wait a minute, 13% for MedMen is .018 Cents. If I owned 10,000 Shares of MedMen - I might be able to buy a cup of coffee (if Starbucks was open).
Are these guys a Venture Capital Firm?
I can see Terry starting something like CCAA. Terry has the Capital and companies like CCAA usually get their $$$$ first if things go really South.
Good Article on Cannabis Demand and Corona.
If people are staying-in and sharing Cannabis - more people might see the BENEFITS of Cannabis and the more Cannabis Consumers there are - the better it is for everyone.
Curb Side Pick-Up of Cannabis starts next week in Chicago.
https://www.investors.com/news/marijuana-stocks-aphria-stock-rallies-coronavirus-defensive-potential/
Thanks for posting.
I've been reading a lot of articles (both US and International) and Corona is definitely causing a Spike in Cannabis Sales.
If Cities are going to invoke: "Stay-In-Place" Rules - then you might as well Stay in Place with a big bag of Girl Scout Cookies (Forum Cut).
In a funny twist of fate: CORONA MIGHT ACTUALLY SAVE THE CANNABIS INDUSTRY!
Both APHA and IIPR were mentioned in the Article you posted:
My APHA jumped about 10% today - but 53% of their BS is made up of CASH. I like seeing that.
And my IIPR jumped today also. They pay a $4/Year Dividend (which is really nice when the Stock is selling for $50). But that wont last. Dividend Stocks tend to recover fast - because they pay CASH.
Yep!! And SOLD it 5 Hours later for $3.37.
When Stocks jump 55% in one session - that is PENNY STOCK Action.
Just go to the Casino and keep betting on "Black" at the Roulette Table.
Even if Red comes up 10 Times in a Row - I guarantee that Black will come-up eventually and you will be a winner!
That is not investing. That is gambling.
In fact, Board Members on here act a lot like the guys at the Craps Table. They keep placing bets in the hopes of winning someday.
But if you want to see scorn first hand - just bet the "No Pass Line" at the Craps Table. People will hate you because they are One-Trick-Ponies and only can bet the Pass Line.
Oddly enough, when the Craps Table Turns Cold - I have no problem betting the "No Pass Line". It can make $$$.
I know you are all not in at $5, $4, or even $2.
However, unless you bought yesterday at ACB's All-Time Lows - you are probably a Bag Holder. It's Math.
Anyway, it is important to know where a Stock has been in order to know where it is going.
IMO, when a FALLING KNIFE stops falling - it flattens out first and forms a flat bottom.
ACB has not done that yet. So those Board Members that called the bottom at 94 Cents are about 25% Red right now.
If ACB (and the rest of the Cannabis Industry) has a sharp V-Shaped Recovery - I would love to see it.
It would be like seeing a Santa Claus Riding a Unicorn. I'm sure it happens somewhere. But not likely.
I can actually see where there might be some FOMO for the whole Stock Market (and yes, this includes ACB).
IF (Big IF), our quarantines and lock-downs are successful - we might get similar results in killing Corona that China has achieved.
Then, EVERYONE will be HAPPY and out in the Spring Weather - BUT the Stock Market will still be low.
Investors will be clamoring to get back in while the "Stock Market Sale" is still going on.
The Fear of Missing Out (FOMO) will be intense and the Shorts will fry (as they should).
It is a scenario that could play-out. Just find some stocks THAT WERE PERFORMING PERFECTLY WELL BEFORE CORONA - and buy them.
If a stock was not performing well prior to Corona - then the chances of a "Corona is Dead Bounce" are limited.
Boeing has the same Cash Crunch problem that ACB has (just on a larger scale).
Boeing has $10 Billion of Cash, but they burn through Billions each month and Liquidity is drying up. Plus, the Airlines aren't flying.
This is all not boding well for Boeing.
But if Boeing fails - 2 Million People will be out of work - so you have to assume a Government Bail-Out is in the works.
There is only one Boeing.
But if Aurora fails - there are plenty (around 200) Cannabis Companies ready with ample supply. So no big deal.
OMG!! I just looked at the Chart for TLRY.
WOW!! Yes, TLRY is up ALMOST $1.30 TODAY - BUT WHAT A LANDSLIDE.
I feel bad for the ACB Long-Longs trying to Average Down from $10 to 63 Cents.
But look at TLRY! Imagine trying to Average Down from $300 to $2.
These Cannabis Stocks should be a Harvard Business School Lesson on why you don't Average Down with a FALLING KNIFE.
Like I said: The Longs will cheer when ACB goes from 20 Cents to 40 Cents!
Yippie!! A 100% Gain!!
But they kinda missed this SMALL DOWNWARD MOVE from $10 to 63 Cents.
BTW. It is great that TLRY and HEXO are up 55%.
ACB is holding strong at 6 CENTS.
And I'm sure that the TLRY Shareholders that bought at $300 are Cheering that TLRY is finally above $3. Yippie!! They only lost $297 a Share!! But the Longs were right!!
Yeah, you are 100% Correct. I do not have a Margin Account.
Nor do I want a Margin Account.
But I'm sure Warren Buffet has a Margin Account that he uses everyday.
Things are going well. Thanks for asking!!
You are a new "Board Member".
But I have been having these same arguments when ACB was at $10. But back then it was "Dilian" and "The Brit" arguing that ACB was going to $20!!
I also had these arguments with the Longs at these Stock Prices: $9, $8, $7, $6, $5, $4. $3, $2, $1, and 63 Cents.
Same old arguments - Same old declining ACB Stock Price.
The only difference is: When ACB moves 6 Cents now - it looks like it is gaining 10% - but that is because ACB is a PENNY STOCK now.
But don't worry - the Shorts will have a higher Stock Price to short from soon enough.
RS.
Yeo. When you Average Down - You just end-up with more shares than you wanted - just at a lower price.
Also, Averaging Down ONLY works if a Stock goes back up above your Average Value.
the Longs need to take a Lesson from their Hero: Terry Booth.
Terry just SOLD his shares - and he said he will buy back in when the price is lower.
Terry did not Average Down.
I wonder how long this Short Covering is going to last?
I mean, once the Shorts are done covering today - they'll probably be back at it again tomorrow.
I know what your post said.
I was referring to the part where you say: "I admit I was wrong".
I do not expect the Long-Longs to EVER admit they were WRONG.
Admitting they were wrong about ACB would be too easy.
Instead, they just keep buying more Call Options (just for a lower Strike Price) or they keep Averaging Down.
That is what happens when "Board Members" cannot admit they are wrong.
Actually, now that you mention Cannabis Studies - I was in one!!
I went End-O during a Mountain Bike Race last fall and I ended-up having Rotator Cuff Surgery.
The MD's gave me OPIODS for the pain. But we all know about the downside of OPIODS (aka: Death).
But in Illinois, if you have a OPIOD Prescription - you automatically qualify for a Medial Cannabis Card. So my MD called it in and I literally had my card the next day.
But then my MD wanted to to participate in a Cannabis vs: OPIOD Study. It was just an on-line survey every week - but it was fun to take part in.
My Conclusion - Cannabis doesn't help when the pain is severe. When the Nerve Block wears off after surgery - you need OPIODS. BUT there is a point during recovery where OPIODS are too strong. That is when Cannabis does the trick.