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OMG! Did you just admit that you were "Wrong"?
Admitting that you are wrong is a sign of humility.
I was an ACB Long before March 2019. And then I HUMBLY admitted that I was WRONG and sold at $10.
However, having to always be right is a sign of arrogance.
That is why the arrogant Longs keep throwing money at ACB. They keep buying calls at $6, $5, $4, $3, $3, and $1 because they can't be wrong. They have to be right at all costs.
So they End-Up Averaging Down Forever instead of just selling (like Terry just did).
Maybe Terry should have just Averaged Down?
LOL!!
Yep. The Analysts, Financial Statements, Insider Sales, Falling Knife, Dilution, Cash Crunch, and so on - it is all a result of being HIGH.
We've ALL BEEN HIGH for the past year while we slowly watch ACB tick down from $10 to 70 Cents.
But I do have to admit - watching a Train Wreck in slow motion is fun when you are high.
I keep repeating myself because the ACB Stock Price is REPEATING ITSELF ALSO.
Let's examine this theory by looking at the past year performance:
Let's start at $10...DOWN DAY...REPEAT...DOWN DAY...REPEAT...DOWN DAY...REPEAT...OMG!! We're at 70 Cents!! How did that happen all of a sudden?
So I can only conclude that the Long-Longs like PAIN and REPETITION.
I keep mentioning Terry's 12 Million Share INSIDER SALE because the PUMPERS on this board keep trying to make ACB sound like a good deal so they can cash in on their Option Calls.
Terry's INSIDER Sale was not Bullish.
I heard over-and-over-and-over from the Longs how GREAT Terry's Million Dollar PURCHASE was. Remember that REPEAT?
Yep. Just as expected. The Long-Longs are cheering on a 5 Cent gain.
If you own 1,000 Shares of ACB - congratulations!! You are up $50!
There is nothing wrong with buying a Tesla with your $50. Teslas are nice cars and I can't wait until the Tesla Roadster is released. But that Corvette is nice too.
BTW. Some of us ARE the Boss. So I guess I should be yelling at myself for posting on here...Bad CP...Bad CP.
Also, Terry probably wishes he didn't sell now. That 5 Cent Gain is probably going to haunt him at night.
I totally agree.
He should be more NICE with his posts and he should definitely watch his TONE.
The Stock Market just needs to be nicer - when they are taking people's money.
Lets talk about TONE of posts.
WOMEN say things like: "It's not what you say - it's how you say it".
So for some people: You can tell a LIE - as long as you are NICE about it.
If there are any women on here - I apologize if my TONE upsets your emotions.
I will say this NICELY: As I said 3 Months ago - ACB is a FALLING KNIFE. It was a FALLING KNIFE way, way, way before Corona. And it is still a FALLING KNIFE. Nothing has changed.
If you try to Average Down - You just end up with MORE SHARES THAN YOU WANT and they are not GREEN Shares.
Terry got out for a REASON. I repeat: Terry got out for a REASON.
If Terry really thought the prospects of Aurora were good - he would not have sold 12 Million Shares at Market last week.
I've been hearing that since ACB was at $9/Share.
Like I said: When ACB is at 20 Cents and it jumps to 40 Cents - the Longs will be Cheering!! See we were right!!
But...ummm...what about that move down from $10?
If Corona does cause a Great Recession - I think Trump might actually consider taking Cannabis off of Schedule 1.
I mean, if 20 Million people are really going to be without jobs as some Analysts predict - the USA will need all the Jobs it can get.
And the US Cannabis Industry could create some of those jobs.
But we will have to wait and see how this plays-out...
Down 11.91% to 62.5 Cents a share in America.
I wonder how ACB did in Frankfurt today?
I am not your problem.
The 62 Cent Share Price is your problem.
And Terry selling 12 Million Shares...that's a problem.
Seriously, do you really think that ACB went from $10/Share to 63 Cents because someone is BASHING on a Message Board?
Maybe Terry read some bashing on a Message Board and that is why he decided to sell 12 Million Shares?
Sometimes, I wonder if the Long-Longs ever really read my posts.
That is why I guess I have to keep repeating myself.
I like Aurora and the Cannabis Sector a lot.
And I really would like to see ACB do well. If Aurora does well - it is great for the rest of the Cannabis Stocks.
However, just because I like the idea of a Company - doesn't mean it's not going to TANK.
We have to ask ourselves: If you believed the pumping of the Long-Longs over the past year and you invested in ACB - Where are you now?
And if you believed my BEARISHNESS on ACB over the past year and didn't invest - Are you better off for not investing?
The proof is in the pudding...
Right around now I should be digging up my old posts from months ago.
I'll have to find that post I wrote about ACB going to 50 Cents.
And I'll have to find those posts about ACB doing a Reverse Split (I wrote those about 3 months ago).
And then there are those post about a Bankruptcy Restructuring and Nelson and Terry buying ACB for Pennies on the Dollar after the Restructuring is over.
But how can Terry buy back ACB for pennies on the Dollar if he doesn't have any cash? Hmmm...he has $10,000,000 USD in cash to work with now.
ACB's Management does have a plan - but the Shareholders aren't gonna like it one bit...
The Cannabis Sector has been TANKING since March 2019. So for over a year.
The Highly Leveraged, Capital Intense, Big Growers are really down now because CASH FLOWS in the Cannabis Business are not what they expected.
ACB was on shaky Financial Footing before the Corona Outbreak - and now they are really feeling it.
ACB lost 85% of it's value in 2019 while the Overall Market returned 29%.
ACB just isn't a good investment (at any price).
The EX-CEO just DUMPED 12 Million Shares of ACB on the Market last week - so he has absolutely NO CONFIDENCE in an ACB Turn-Around.
The WHOLE STOCK MARKET IS ON SALE - So I suggest you put your Money where Returns are Guaranteed (Amazon, Target, Walmart, Tanker Companies, etc) are all good buys right now.
ACB is not.
I'm really starting to see what they mean when they say: "Buy when there is blood in the streets".
This is a great time to be in cash.
The only problem is: Terry isn't buying ACB when there is blood in the streets.
Instead, Terry is selling.
That means, Terry believes there are better investments out there besides ACB - and I am here to tell you - Terry is 100% correct!
Terry probably took his $10M and bought OGI for $1.50 today.
Terry is no dummy.
Corona could increase Cannabis Sales!
OMG!! Is this post from last week?
And referring to me as arrogant is not being realistic either.
If you want to see Arrogance - just look at the Long-Longs.
Arrogant people ALWAYS think they are right - even when they are wrong.
That is why the Long-Longs keep throwing money at Aurora Shares.
It just doesn't compute inside their heads that they could be possibly wrong.
The "possibility" of being wrong just doesn't make sense to the Long-Longs.
For those of you who do not think I am "paying attention": ACB is currently down another 10% and trading at 63 Cents.
See!! I am paying attention.
I also "paid attention" when I saw that Terry DUMPED 12 Million Shares at the Market.
Looks like Terry was 100% correct for selling though.
Terry saved himself a lot of CASH for getting out of ACB when he did.
I have been paying attention and I am also a realist.
Please don't call me names for speaking the truth.
Yep. I totally agree.
Aurora was just one big Money Grab for a few people at the top of the Organization Chart.
Terry ruined Aurora with his high-flying acquisitions and after he ruined it - he cashed in for $10,000,000 USD.
Not a bad payday for ruining a Company.
But what is funny is: The EX-CEO just DUMPED 12 Million Shares at Market and the Long-Longs STILL think ACB is a BUY.
I'm telling ya, Aurora Sky could catch fire and burn to the ground and the Long-Longs will still think ACB is a BUY.
It has been that way since $10/Share and it is that way now at 68 Cents a share.
I just feel sorry for people that listened to all the PUMPERS on here.
How about we use the word: "RIGHT" or "CORRECT".
Those would be more descriptive.
Personally, I hope you are enjoying Terry Booth's 12 Million Dollar SELL-OFF.
Let me repeat: Terry Booth SOLD SOLD SOLD 12 MILLION SHARES AT MARKET!!
Spin that.
I do hope your prediction comes true.
I've been thinking the Long-Longs have ACB wrong since $10 Share.
But that doesn't mean that I'm not rooting for ACB to do well.
In fact, if ACB would just perform well - it would be good for the entire sector.
I agree with your assessment.
But if the Multi-Million Dollar Cannabis Growers don't survive - then WHO will supply the Canadian Market with Cannabis?
Will it be companies like Village Farms (VFF) - That has survived by growing extremely low margin Tomatoes for 30 years AND all their grow houses are paid for?
Or will it be OGI with the highly efficient 3-Tiered Grow Space? They grow 3 Times the Cannabis in the same Square Footage as the competition.
Or will it be APHA or Canopy with the great Balance Sheets and the ability to seize on opportunities as they arise because they have the Capital at hand?
We will see.
We will also see what role Aurora Cannabis has in the future of Canadian Cannabis.
It is going to be fun to watch either way...
“Sarcasm is the lowest form of wit, but the highest form of intelligence.”
? Oscar Wilde
I was just practicing the highest form of intelligence...
Yep. Cannabis Stocks, Netflix, and GrubHub - All Buys due to Corona.
Some of the Chicago Dispensaries are shutting-down for Recreational Cannabis - but are still allowing Medical Sales via Curb Side Delivery.
They said they are closing for Recreational Sales because they couldn't keep people far enough apart in the lines.
So hopefully, with everyone on lock-down, this Corona thing dies in a few weeks and we go on with our lives...
I hope your prediction comes true.
OMG!! Did you just say: "Reverse Split"?
ACB would never do that to their Shareholders. Especially after all the Short Selling that has been going on for the last year.
Besides, if a Reverse Split was really coming - the Insiders would be SELLING shares right now.
OMG!! Do you really believe that BS?
What are they going to tell the Shareholders when an INSIDER (The Highest Insider in fact) SELLS 12 Million Shares on the Open Market?
I guess that sounds better than the Truth.
Can you imagine if they said: "Terry is selling 12 Million Shares now because he is a smart rat - and smart rats get off the ship before it sinks. Aurora Shareholders are not the brightest bunch of folks and they believe what we tell them on face value. The next steps are to declare BK Restructuring so Terry can buy back in at pennies on the dollar".
Terry sold 12 Million Shares. This is what he said to Bloomberg News:
"The market volatility with respect to COVID-19 and a number of opportunities in the industry led to me taking some cash to the sidelines,” Booth said in an emailed statement to BNN Bloomberg.
“I believe many cannabis stocks including Aurora are undervalued and I will be watching present market conditions unfold. I will definitely be considering buying back in once the dust settles.”
Funny how Terry didn't mention "The Plan" to Bloomberg News.
Not Bad!!
You have arrived at this Poker Game a little late though.
The Long-Longs who have been averaging down would love to have a 84 Cent Average right now.
You are only 13 Cents under water right now.
Normally, that would stink - but the whole WORLD is under water right now.
But the question is: Do you REALLY believe Terry just sold 12 Million Shares for no reason?
Terry has a reason for getting out - and you probably are not gonna like it if you are Long.
Terry probably sold 12 Million Shares of ACB and he bought shares of OGI and APHA with the proceeds. I wouldn't be surprised.
Are you buying-up Terry's 12 Million Shares that he sold?
Wait until you see what comes next...
You're gonna love it (or at least I will).
What OTHER OPTIONS does ACB have besides going back to the OTC?
And how is ACB ever going to get this SHARE COUNT down from $1.1 Billion?
Don't you wish ACB had a way of lowering their SHARE COUNT AND staying on the NYSE at the same time?
Hmmmm...what could they do next to:
1) Lower their Share Count
2) Stay on the NYSE with a Share Price Greater than $1.
Hmmmm...let me see...
WOW!! You're on top of the news! I was going to send that same Link this morning also. Thanks for sharing.
I sent a similar link a week ago. An Analysts was saying that Cannabis, Netflix, and Grubhub should all receive an increase in business due to Corona.
It makes sense.
This is the reason Terry is telling the press on why he sold 12 Million shares (almost 3/4 of his ACB Holdings).
"The market volatility with respect to COVID-19 and a number of opportunities in the industry led to me taking some cash to the sidelines,” Booth said in an emailed statement to BNN Bloomberg.
“I believe many cannabis stocks including Aurora are undervalued and I will be watching present market conditions unfold. I will definitely be considering buying back in once the dust settles.”
Wait until you see what comes next.
Terry has Insider Information - that is why he is selling.
If Terry really thought ACB would be worth $2/Share in 2021 - he would not be selling of 80 Cents today. $2 in 2021 is more than DOUBLE the current share price.
So when the "Dust Settles" at ACB - Terry will buy back-in with Nelson and will make a fortune off of the Shareholder's backs.
Terry is gonna smoke A LOT of Thai Stick with that $10,000,000 USD he got from selling 12 Million Shares of Aurora at market.
It does look like Cannabis Demand is HUGE in Massachusetts.
I'm telling ya - the College Market (Harvard, Yale, MIT, etc) and Senior Citizen Market are huge.
It must be why Cresco just closed this deal in Massachusetts.
But I would love to see Aurora do business in American someday.
https://www.wbur.org/bostonomix/2019/11/20/recreational-marijuana-adult-use-massachusetts-supply-demand-testing-illicit-sales
https://www.businesswire.com/news/home/20200207005078/en/Cresco-Labs-Closes-Acquisition-Hope-Heal-Health
I had to buy some APHA and OGI today.
Why?
Answer: Because APHA's and OGI's CEO's didn't sell 12 Million Shares last week.
But also because APHA and OGI are Market Leaders and are really being held-down due to Corona.
However, ACB is being held-down due to ACB. Terry knows this that is why he cashed-out.
If Terry doesn't even believe in the Company he created - then why should anyone else believe?
Terry must have some good INSIDER INFORMATION - Why else would he SELL?
I think Terry would agree with your "Worth Zero" Post.
Don't listen to what "Insiders" say.
Instead, WATCH what the Insiders DO.
Terry just sold 12 Million Shares at Market.
Terry must no longer believe that ACB is going to unleash Robin Leach wealth.
When the Ex-CEO is cashing in - you know it is time to head for the EXIT DOORS!!
OMG!!
ACB BEAT the Market today!
ACB only down 10% and Market is down 13%.
The REITS are looking amazing right now. Same Dollar Dividends - but at greatly reduced prices. Some of them are returning 16%.
I knew I was in cash for a reason...I bet Warren is starting to buy now too.
I say "Starting"...because this could even get worse. Keep your powder dry.
Yep. And some of you are going to learn a lesson (the hard way).
When the Ex-CEO is dumping 12 Million Shares at Market - that should be a sign that something is up (and it ain't good).
But we'll see...
I must have missed the "Laughter Ban".
Did they announce it with the Travel Bans?
Terry just SOLD 12 Million Shares - I guess I wouldn't be in a jovial mood if I was Long either.
Or did something change since Friday afternoon when ACB was trading higher?