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The Long-Longs were cheering when Terry BOUGHT shares with his own money.
Does anyone remember that?
Everyone said: Terry bought shares with his own money - so he must know something big is coming!! Yippie!!
Nelson's Big Deal must be coming soon if Terry is buying!!
Well - What do the Long-Longs say now that Terry is selling over 12 Million Shares??
IMO, Terry just bought those shares with his own money because his Attorneys told him he needed more "skin in the game" for the lawsuits.
But now Terry is selling BIG TIME. Terry is getting-out while the getting is good.
The Toys-R-Us Executives did the same thing.
Just watch what happens next.
Yep. I totally agree with you.
The Long-Longs have been in DENIAL since ACB started turning down at $10.
If you keep on talking about a Reverse Split - the Long Longs will get angry.
Just like they used to get angry when you mentioned the word: Dilution.
Terry knows A LOT OF THINGS.
That is why Terry just dumped 12 Million Shares onto the Market.
It looks like Terry is going to make about $10,000,000 USD on this sale.
Making $10,000,000 is not bad - considering how the Company's Stock is performing.
I wish someone would give me $10,000,000 for totally F-ing up a Company.
Golden Parachutes are sooooo nice!!
But while Terry is spending his $10,000,000 - the stockholders are screwed.
Don't believe me? Watch what happens next.
There is a REASON why Terry is selling now. And it isn't because his house burned down.
Terry just sold 12 Million Shares.
What other WARNING SIGNS do the Long-Longs need?
Or did Terry's house suddenly burn down over the weekend like Cam's did?
I can't wait to see what happens next...
Yeah. ACB is going to be a winner.
That is why Terry just sold 12 Million Shares of ACB - because ACB is a winner.
Terry owned 15 Million Shares - and his sold about 12 Million.
So about 3/4 of his Shares.
Terry must really believe in the Company for holding onto those last 3 Million Shares. (I'm just thinking like a Long-Long). LOL!!
Terry must have listened to the Analysts that have a Sell Rating on ACB.
Terry only sold 12 MILLION SHARES - What does Terry know about ACB that other people don't?
Thanks MX!
I did call the downturn from $10. I might start the Hard Copy Book there.
But I just wish I could see the upturn back. The Financials look terrible and the games that Cam & Terry were trying to play got them "retired".
But like I said: ACB is entertaining to follow and it is going to be interesting to see how ACB does in the future.
The evolution of the Canadian Cannabis Industry might be a class in the Harvard MBA Program someday.
I mean, it goes from wild speculation, to sky high valuations, to a bubble busting, to who knows what...
ACB is fun to follow and Legal Cannabis is here to stay. The question is: Will these Companies be profitable and will they be able to stand on their own two feet. That is still to be seen.
There are some ER's coming-up next week - so that will really tell us how the Cannabis Market is performing.
I hate to see ACB as a Penny Stock - but here we are.
Have a good weekend. I'll argue with you again on Monday (LOL!)
P.S. - The Oil Tankers might be a good play. The TNK I bought yesterday went up 18% today. The Saudi's need a place to store it all.
Good luck to you also.
Oh I get it.
I misread TLRY for TSLA. People keep on comparing ACB to Tesla and Amazon and Apple on here - so my mind read it wrong.
I spend about 20 seconds typing these posts and I have 3 screens going...
Sorry for the confusion.
Yep. TLRY is not looking good these days. Talk about the MOST AWESOME SHORT EVER!!
Imagine Shorting TLRY at $300 all the way down to $3.
That is an incredible Short Sale.
Yep!! Almost 7 Pennies!! ACB is rocking now!!
TLRY is down 32% today. What about them???
The Market is up and TLRY is down 32% - What does that tell you?
Or are you referring to when TLRY WAS (key word WAS) trading at $300?
I think a lot of people on here are confusing the HIGHLY SPECULATIVE DAYS of 2017 and 2018 with today's Market.
The days of WILDLY SPECULATING on Cannabis Stocks are OVER.
The Market and Analysts now have DATA and FINANCIALS to value these businesses by.
Plus, the Short Sellers couldn't borrow shares in the early days - now they can.
If you want to make a Comparison: You can tell how well a stock is performing when you compare it to how the rest of the Market is performing.
For example: In 2019, the Overall Stock Market returned 29% - but ACB went down 85% in this same time period.
That is one of the ways to rate a Stock's Performance.
ACB was up 4 Cents today.
So ACB only needs 6.5 more green days like today and it will get to $1.00/Share.
If ACB cannot manage a 4 Cent Gain over 6.5 Days - then that should be telling.
26 Cents X 1,100,000,000 Shares is just $286,000,000 more in Market Cap.
We will just have to wait to see if they get there.
Also, it is going to be interesting to watch what happens if they don't.
A few Cannabis Companies Report Earnings next week (VFF is one of them) - so that will give us a more up to date indication on how the Canadian Cannabis Market is really doing.
Tesla does make some nice High-Tech Automobiles.
I haven't been to their Battery Factory in the Nevada Desert - but I hear it is State of the Art.
Tesla's new Roaster is going to blow my 911 away.
But while we are comparing companies to Aurora - ENRON was a high flying Company - until we learned that their Revenues and Profits were fictitious. I still like it how Cam & Terry tried to "stuff" Revenue into the Fall Quarter - but you can obviously only do that for so long before it catches up to you. I guess that was one of MANY REASONS that Cam & Terry were fired (oh, I mean "retired").
ACB up almost a nickel (5 Cents) in America.
Percentages are so misleading with Penny Stocks.
I mean, if you own 1,000 Shares of ACB - you are up a whopping $50 right now.
When a 1 Cent Stock goes to 2 Cents - that is a 100% Gain - but you have to own 10,000 shares to just make $100.
So Percentages don't tell the real story with Penny Stocks.
That's good - because that 13% is now 4% anyway.
I like your optimism.
I sincerely hope this works-out the way you think it will.
But if it doesn't - just go back and read my posts. They will make more sense to you then.
Yep. Prepare for the worst - hope for the best.
It is nice to see today's bounce.
I focused on buying the Tanker Companies yesterday (the only one who wins an Oil War is the Tanker Companies).
But if I bought yesterday - I would be selling into this pop today.
13% Flips in One-Day are nice returns.
ACB looks like when it was trading in the low $2 Range for a few Green Days (and then the bottom fell-out to 84 Cents).
This stock is fun to watch...
Player1234 -
I agree. The Truth will come-out in court.
As far as I know, there are about 8-10 Lawsuits Filed - but none of them are in Court yet.
Apparently, when you file a Shareholder Lawsuit - it takes more than a few months to work it's way through the Court System.
Imagine That.
Please attack me. I'm used to it.
The Long-Longs have been attacking me since ACB was trading at $10.
But today, ACB is under $1.
Shorts are covering today and the Longs are buying into it (which is a good thing if you are a Day Trader).
But you are correct - we will have to see if ACB can get back to $1 or not.
When those pesky Analysts announced a $1 Price Target - Everyone thought that was BS.
But here we are. The Analysts were right.
I like it when the ACB Long-Longs rationalize their losses and say: Well the rest of the Cannabis Stocks and Market are down too.
Okay, but what makes anyone think that ACB is a buy?
If you think that ACB is a buy because it is trading at 70 Cents today and it used to trade at $10 - then just think about the people that thought that way and bought at $5.
The people that bought at $5 thought ACB was trading at a discount too.
But we all know how that turned-out.
Yesterday the Short Sellers sold to the suckers at 88 Cents...
Today the Short Sellers are selling to the suckers willing to pay 67 Cents..
In the Short Selling Community - Shorting ACB is easy money...
People are not investing in Apple and Google in this BEAR MARKET - what makes anyone think that someone will buy ACB with TONS of Competition and Financial Issues?
ACB was tanking in 2019 when the Stock Market returned 29% Overall.
Now you are saying that ACB is going to go up when the Stock Market is Tanking.
Just look at the 1 Year Chart.
Good luck.
Same old tune.
Every time ACB hits a new all time LOW - the prices are a "Gift" and this is another "BUYING OPPORTUNITY"
"Good Companies" might go under with this Economy.
And ACB is not a Good Company.
You're totally missing my point. All Cannabis stocks are POS in this Market.
We are in a BEAR MARKET.
Companies with GREAT BALANCE SHEETS, RECORD EARNINGS, AND GROWTH ARE TANKING.
Do yourself a favor. Invest in something that is Financially Solid (not Cannabis).
Okay. Lets stop pretending.
Lets stop pretending that ACB is going to recover.
Lets stop pretending that there aren't a MILLION better places to put your money (including in your mattress).
Lets stop pretending that ACB is going to magically start up-ticking.
The Market Returned 29% in 2019 and ACB was down 85%.
Now that the Market is Tanking (like I have never seen it Tank before) - do you really think ACB is going UP???
Seriously. You are the one pretending.
I tell you what. The best thing you can do is "pretend" that ACB doesn't even exist.
OMG!! REALLY??
I wonder what the Shorts have been doing since March 2019?
LMAO!! Good luck with that!!
Talk to MX - He bought at 94 Cents a few days ago and he only lost 33% so far.
If you like to LOSE MONEY - just call the bottom on ACB and go long.
We are in a BEAR MARKET!! This is not 2017.
Hello? Are you listening?
ACB is NEVER cheap enough for a bite.
The Long-Longs and Options players talk a big game and they denounce every downgrade and negative news story.
But here we are at 67 Cents.
WHAT PART ABOUT "DO NOT BUY ACB" DON'T YOU UNDERSTAND?
The Short Sellers (not just ACB) made $50 Billion from Shorting the Market in the last 7 Days.
Seriously, when their is a Pandemic that is facing the whole World - the SEC should just ban short selling for a period of time.
I mean, when you look at the Big Board and EVERY STOCK is RED - then the long-term investors (those with 401K's) just get royally screwed.
The SEC needs to Ban Short Selling until this Corona Thing is resolved.
But, if they don't Ban Short Selling - might as well join in on the fun.
Just find some Company that is in dire straights (no CEO, 1.1 Billion Shares, Huge Losses, Declining Revenues, etc) and short the sh#t out of it.
OMG!! I think I just described Aurora!! LOL!!
I'm starting to wonder if anyone ever reads my post...
I wrote some posts about 6 Months ago concerning ACB's need to upgrade their packaging for long-term shelf life and storage.
Some of the Cannabis Companies in Oregon are using Nitrogen (like they use in Potato Chip Bags) to keep the Cannabis fresh and on the shelves longer.
https://www.wweek.com/cannabis/2015/10/20/cannabis-in-a-can/
ACB really needs to do this because Cannabis has an Expiration Date - and there is nothing worse than having to destroy Expired Inventory.
Hope this helps...
I really think Aurora should send their Shareholders some Aurora Cannabis.
Aurora has tons of extra inventory that they cant sell - so why not distribute it to the OWNERS of the Company (aka: The Shareholders)?
It's days like this when all the Long-Longs go away.
If you think today's close was bad - just wait.
The real bad stuff is yet to come.
I have a good imagination - but I really can't see a good way out of the mess that ACB is in.
You can say that the "Rest of the Cannabis Industry" is in the same mess - but that is not true.
There are some Cannabis Companies with really strong Balance Sheets - this will enable them to weather the storm. But ACB is getting caught with their pants down - and I really don't think this is going to end well for the ACB Shareholders.
Today 88 Cent close...
Tomorrow 79 Cents?
I would not spend 1 Cent on ACB until they are PROFITABLE and they have POSITIVE CASH FLOWS.
The whole Stock Market is on sale. Find something that is STABLE and has lots of cash.
Or better yet - just hold onto your CASH and WAIT.
Do not be in a rush to lose more Money.
Just because a stock is Cheap - doesn't mean it will go up (EVER).
For Example: The $2 Call Options APPEAR TO BE CHEAP - but if the stock never goes above $2 again - they are worthless and you lose 100% - so they are no cheap. They are REALLY VERY EXPENSIVE.
I am going to try to cheer you up with this recent story.
I own some shares of TNK (its an Oil Tanker Company).
For a long time their shares were dirt cheap so I bought in.
But the shares were so cheap - they had to do a Reverse Split.
USUALLY, after a RS, the shares tank because the Shorts have a higher price to Short from.
I was ready to sell my TNK Shares after the RS - but then they started to CLIMB!!
Trump imposed sanctions on the Chinese Tankers for shipping Iranian Oil and all of the other Non-Chinese Tankers Soared.
And then Russia just announced an Oil War (no one wins Wars) - but now OPEC is pumping Oil like crazy and they need tankers to store and ship the oil.
TNK was up 30% or so yesterday.
So the point of the story is: You just never know. Who could see an Oil War coming? I'll take it.
Right now, ACB looks like it is headed towards BK.
But Aliens can land on Earth tomorrow and we'll find-out they love Cannabis. Who knows...
I wrote some post about your scenario.
Averaging Down does not work for me.
If a stock I own is down - I just admit I was wrong - and then buy something else.
I don't keep throwing "Good Money After Bad".
However, that advice isn't going to help you much because it sounds like you kept on "Trying to Find the Bottom".
The Long-Longs will tell you: "You don't have a loss until you sell" - but we both know that is a bunch of BS.
So from here: You have three choices (and neither of them is good).
1) Hold your ACB Shares (and sell on a pop or pray for a MIRACLE).
2) Suck it up and sell them ASAP (and count this as a lesson learned).
I hate to see people in this situation - that is why I have been WARNING PEOPLE FOR OVER 1 YEAR - but you must have listened to the BS Longs on here instead.
I wish I had a better answer for you. But the best way to make money in the Stock Market is to not lose it in the first place.
I don't consume the strains that give you the Munchies.
I usually go for the uplifting strains like Girl Scout Cookies and I've never had the Munchies.
But some strains do make you Pig-Out.
ACB at 85 Cents already.
I'm going to have to dig-out some of my old Posts that said ACB was worth 50 Cents - because that looks like where it is headed very soon.
Longs: 50 Cents!! No Way!!
Me: Way!! The Longs said ACB would never reach $1 - yet here we are at 84 Cents.
BK is coming. I know I am stating the obvious - but this is a HORRIBLE time to be in highly leveraged, highly speculative, growth stocks, like ACB...
THE KNIFE IS STILL FALLING!!!!! I REPEAT: THE KNIFE IS STILL FALLING!!
What are you talking about?
The Shorts still have 87 Cents to go until the Analysts are correct with their ZERO Price Target.
I keep saying it but some people won't listen...but I'll say it again...
Then the shorts sold to the suckers willing to pay $1.70...
Then the shorts sold to the suckers willing to pay $1.50...
Then the shorts sold to the suckers willing to pay $1.20...
Then the shorts sold to the suckers willing to pay $1.00...
Then the shorts sold to the suckers willing to pay $0.94...
AND TODAY THE SHORTS ARE SELLING TO THE SUCKERS WILLING TO PAY $0.87...
Don't be a sucker!!