Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If I get quarantined because of Corona, I have good news and bad news.
I have about a week's supply of food on hand. That is the bad news.
BUT, I have about a year's supply of Cannabis Flower and Edibles!! That is the good news!!
I'll just lock myself in and smoke weed and Binge Watch Netflix all day. And, I would take this opportunity to go on a weight loss diet.
Weed makes the bad times better!!
ACB just bounced-off the 90 Cent mark.
So the big question is: Will ACB hold 90 Cents today?
Between Corona, Oil Wars, and ACB losing money - the Shorts have enough AMMO to take ACB to 50 Cents or lower.
Does anyone have any ideas what ACB will do if their share price continues to be in the pennies and they have 1.1 Billion Shares Outstanding?
Here is a good one!!
Canada has 93 Cases of Corona so far.
When you catch Corona - they quarantine you at home for 14 days.
What the heck are you going to do for 14 Days stuck in the house?
SMOKE TONS OF WEED AND WATCH NETFLIX (and get busy with the GF).
This analyst has a valid point...
https://www.investors.com/news/marijuana-stocks-coronavirus-outbreak-vice-of-choice-is-cannabis/
From your lips to God's ears.
If ACB does squeeze - I'm in!!
I would love to see it and ride that wave.
If you see it happening - scream: "SHORT SQUEEZE!!!!" on a post so I'll pick-up on it quicker.
Thanks!!
I am surprised that the Market doesn't share your logical responses and optimism.
The Analysts have been right about ACB so far though.
But for the record, as far as we know, ACB is not running out of cash.
Some Analysts just analyzed ACB's Income Statement, Balance Sheet, and Statement of Cash Flows and determined that ACB is burning cash FASTER than they are bringing it in (ie: ACB's $160,000,000 losses, etc).
Think of it this way:
Say you bring in $100K a month after taxes (cash inflow) and your hot wife spends $500K a month (cash outflow) and you have $800K in the bank.
At your current cash burn, you are cash flow negative $400K each month and you have 2 months of cash left.
That is all the Analyst is saying.
Player - GREAT POST!!
Now that we all agree both sides have opinions.
Lets discuss which sides opinions and forecasts have been CORRECT.
In hindsight - Do any of the Longs wish they would have gotten out at $10 when I did?
In hindsight - Do any of the Longs wish they would have listened to CP and avoid the Falling Knife?
I can go on and on.
But what do you call it when opinions and forecasts are CORRECT?
TRUTH?
I'm not saying anything that every Analysts has also said. But what we have here are a few people that have been wrong - and they continue to be wrong.
At $1/Share - ACB simply isn't worth the Risk/Reward.
For every dollar increase in ACB's share price - they gain about $1,100,000,000 of Market Cap.
That is something to think about.
Very True. Reality does seem to be distorted when it comes to some posters:
FACTS (Which Reality is Based Upon):
- ACB was trading at $10 last March. Today it is $1.
- ACB is running-out of Cash (see Analysts Warnings. Merrill Lynch, etc).
- ACB paid approximately $3 Billion too much for the MedRelief Acquisition.
- ACB is no longer "doing business" in 25 Countries as once promised.
- ACB has fired its CEO and Founder for mis-managing the Business.
- ACB has a ZERO Price Target by some Analysts (others have it at $1).
- ACB has halted the completion of its major facilities.
I can go on and on about the FACTS and REALITY.
I apologize.
How would you like me to convey the concept I am trying to express?
OMG. ACB has over 1 Billion Shares Outstanding and their Share Price is in the $1 Range.
Do you really think that ACB's Management are not discussing a Reverse Split?
In fact, if ACB's Management was not discussing a RS - I would be very worried.
If you are Trading ACB based on Seeking Alpha Articles - Here is a good one for you.
https://seekingalpha.com/article/4330699-aurora-cannabis-predicting-bankruptcy?utm_medium=email&utm_source=seeking_alpha#alt2&mail_subject=acb-aurora-cannabis-predicting-bankruptcy&utm_campaign=rta-stock-article&utm_content=link-2
Like I said:
When ACB is trading at 10 Cents a Share and it jumps to 20 Cents - The Longs will be Cheering!!
Like I said before:
ACB was trading at $10/Share at this time last year.
Today it is at 98 Cents. Up 4 Whole Cents from Yesterday.
Yippie!! (Longs Cheering!!)
When ACB is trading at 10 Cents a share and it jumps to 20 Cents a share - that is a 100% gain!!! Yippie!!
But what about the Longs that bought at $6 a share? Do you think they will cheer when ACB jumps from 10 Cents to 20 Cents?
It is okay if you don't agree with my posts.
However, go back and read them and look at the chart.
For Example: I agreed with the $1 Price Target set by Analysts. However, you didn't.
Good luck trading penny stocks.
How long has Medical Cannabis been legal in Canada?
Answer: July 2001.
It is nice to think that ACB will jump to $10/Share again because of it's Medical Cannabis Sales.
But how many people REALLY invested in Canadian Cannabis 19 Years Ago when it was medical.
Aurora, Canopy, Hexo, etc - ARE NOT building these huge monster Green Houses for the Medical Cannabis Market that has been around 19 Years.
Exactly.
You have to think that all of the really smart people at ACB have either jumped ship already - or there are a lot of ACB Resumes on the Canadian Job Market.
The writing is on the wall.
Just imagine growing tons of weed and then watching it stack-up in Inventory. That would be a sign for me to start looking for another job.
But like everything else ACB does - it is based on PROMISES.
ACB Longs believe the PROMISES. Some ACB Employees probably believe the PROMISES also.
However, Wall Street sees through the BS PROMISES and analyzes the FINANCIAL STATEMENTS instead.
Hey, come work for me. I will give you $10,000,000 in Options if my Start-Up works. (No skin off my back - it's not like I am paying you with REAL MONEY).
Nope. IMO, ACB is not a Buy.
In fact, just look at the Analyst's Reports. Some have ACB at $1 Price Target and another one has a Price Target of $0. ZERO.
I am not kidding you: ZERO.
Just type "Zero Price Target ACB" in Google. If you cant find the link - I will send it to you.
With the Stock Market way down - there are A LOT, A LOT, A LOT of better places for you money than ACB.
Canada REALLY DOES HAVE AN OVERSUPPLY ISSUE of Cannabis.
The Long-Longs will try and dispute this because they have lost money and they want you to buy.
However, ask yourself: If Canada really doesn't have an oversupply issue - then why all the Lay-Offs and the Closing of Grow Facilities?
Heck, Canopy just closed 2 huge Grow Facilities and laid-off 500 Workers a few weeks ago.
Take a look at the Chart.
ACB has been selling-off for more than a year - steadily.
HOW MANY Short Squeezes did you see?
Also, if you are hoping and praying for a Short Squeeze - you are not INVESTING.
Just go to the Casino and root that a 7 comes-up instead. Same thing.
I keep say it - but here is the problem with people that think ACB and the Canadian Cannabis Stocks are good investments.
Before legalization, the Canadian Cannabis Stocks moved on NEWS.
Key word here is: NEWS. NEWS. NEWS.
However, now that Cannabis is legal in Canada, investors now have these things called: FINANCIAL STATEMENTS AND FINANCIAL INFORMATION.
IMPORTANT UPDATE: Cannabis Stocks are NO LONGER MOVING ON NEWS. (If they do pop on NEWS - it is short lived - and you better sell when the pop happens).
Today (and every day going forward) - Cannabis Stocks move on FINANCIALS.
ONCE investors were able to see the FINANCIALS of the Cannabis Companies - this whole sector sold-off like a fire sale.
So forget the NEWS. Ask yourself how ACB is doing FINANCIALLY INSTEAD.
The "Wild West Days" of speculation are over. ACB is trading at 94 Cents because of the FINANCIALS.
Don't believe me?
Just watch what happens when the NEWS of a NELSON DEAL comes-out (if it ever does). ACB will jump for a hour or even a day (and everyone will cheer) - but then it will settle back to where the FINANCIALS say it should be.
So please stop thinking that the OTC "Pump & Dump" Days are still here - because they are not.
During the time that you loaned the "short idiots" your shares - how much did the Stock Price Decline?
I really don't think the shorts are "idiots" for shorting ACB from $10 down to 94 Cents.
Last March, I thought the shorts were stupid for shorting Cannabis Stocks - but then I figured it out and got the heck out. The shorts were right.
You are targeting $20 Canadian.
However, most Longs on here would be happy with just an Up-Tick in the Green.
Which makes me wonder: Do ACB Longs even know what the color GREEN even looks like?
ACB is one of the greatest short plays ever.
Get people hyped-up on fake news reports (not financials) and pump-up the stock...then short it at $10...and make a HUGE Profit in less than a year.
94 Cent close today.
So if this Trend continues - ACB will be at 80 Cents or less by the end of the week.
Remember those "Falling Knife" Posts I made when ACB was trading at $5?
Well here ya go - the Knife is Still Falling.
IMO, ACB's Shares are worthless.
If ACB goes under - no one will miss them. The rest of the Canadian Cannabis Growers have enough IDLE CAPACITY to make-up for Aurora no longer being around.
If anyone wishes to argue this post - please look at my Track Record of being correct - and then compare it to yours.
If ACB Trading at 94 Cents doesn't make you sick to your stomach - an Aurora BK might.
I was thinking about buying some Good Cannabis Stocks today - but I decided against it.
My initial thinking was: Even with Corona Virus, people are still buying Cannabis in Canada.
BUT THEN, I looked at the Charts for the Cannabis Companies I was thinking about buying and the truth is: The Cannabis "Sell-Off" has been going on for a year.
And there is no reason to believe the Cannabis Sell-Off will not continue.
But I did buy some Innovative Industrial Properties (IIPR). It's a Cannabis REIT that is now paying almost a 5% Dividend. I hope it tanks even more - I love undervalued stocks that pay Dividends.
See! ACB's 94 Cent Close did have good news! ACB just needs to more than DOUBLE to reach $2.
Maybe I should have said: "If Canada never even CONTEMPLATED Legalization - then the Long-Longs would be better off".
I am not talking about playing the options.
I am talking about the poor people that believed the BS and bought the Common Shares at $10, $9, $8, $7, $6, $5, $4, $3, $2, $1.70, $1.50, $1.20,...etc...(you get the idea).
I tried to talk people out of Averaging Down - because Averaging Down only works if the stock recovers. And there hasn't been an uptick in ACB in a long time.
The Stock Market is man made. Tides are nature. You can count on tides - but the Stock Market - not so much.
The DOW was at an all-time high at 29,000. There is nothing that says it will ever get there again. Actually, I am surprised it got that high to begin with.
You are mistaking the Corona Market Sell-Off with the ACB Sell-Off.
ACB would be trading at 99 Cents today if Corona never happened and the DOW was still at 29,000.
If you don't believe this: Then just wait until the DOW recovers and ACB is still under $1.
If you haven't noticed, ACB does not UP-TICK (ever).
Why would you waste 89 Cents on ACB?
Liquidity in the market has dried-up. Everyone has or is running for cover.
Does anyone really think people are going to rush-in and invest in Cannabis after how the Cannabis Companies performed in 2019?
If Canada Never Legalized Cannabis in the first place - all of the Long-Longs would be a lot richer right now.
ACB hit 94 Cents today and the same people are on here pumping. That cracks me up.
The good news is: The $2 Call Options are really cheap today.
The shorts sold to all the suckers at $1.70...
Then the shorts sold to all the suckers at $1.50...
Then the shorts sold to all the suckers at $1.20...
Then the shorts sold to all the suckers at 94 Cents...
Some people just don't listen.
When was the last time anyone even saw an "Up-Tick" in ACB?
ACB is never green.
So why do you keep throwing good money after bad?
The difference is:
The Good Companies - will recover.
ACB will not.
The "Buy when their is blood in the streets" mantra ONLY APPLIES TO GOOD COMPANIES.
OMG!!
The DOW Halted Trading this morning to avoid a crash and you are talking about ACB having a Short Squeeze.
Yeah, right.
Cannabis is going for $400 an Ounce in Chicago and the dispensary by my house had a 3 hour line on Saturday.
Their website said "3 Hour Wait" - so I walked over and I saw it for myself.
They also are running low on inventory. Only 3 strains available for sale.
So someone is making $$$ off of Cannabis - you just have to stay away from the Cannabis Companies that want to take-over the World on Day #1.
Good businesses start small and grow as demand increases.
Aurora tried to start big - and it getting smaller. This is the WRONG direction for a Growth Company.
Just add-up all the MONEY $$$$ that Cam & Terry WASTED. It is mind-boggling.
The shorts were 100% correct on ACB.
Actually, it's not over yet.
50 Cents and then a Reverse Split is a real possibility.
But look at my posts for the past year. You'll figure-out who is right and who has been wrong on this board pretty quickly.
I sold ACB at $10/Share and I've been warning everyone about ACB for almost a year now.
So when I LMAO - I am thinking: "I TOLD YA SO!!" LMAO!!
The shorts aren't done with ACB yet. They still have about 100 pennies to go.
But there will be a Reverse Split soon - so the Shorts can continue shorting...
Seriously, You have no idea how lawsuits work.
They just filed those lawsuits last fall. It takes a long time to get into court.
However, when they do go to court - IMO the Shareholders will win.
I like how everyone laughed at me when I agreed with the Analyst's $1 Price Target.
But no one is laughing now. Are they?
Unless you like that 94 Cent Share Price this morning.
Cases to court? LMAO!! At this rate, ACB won't make it to court. So it's a moot point.
That must be that AT-THE-MARKET Dilution that ACB's Management was telling everyone about in the last Conference Call.
WHO is going to buy-out ACB?
Canopy isn't looking to expand - they just idled 2 huge grow facilities due to the lack of demand.
And I really don't see any Board of Directors approving Billion Dollar deals while the Overall Stock Market is tanking.
If you look at ACB's Cash Balance vs: their Spend Rate = Things do not look good.
Don't be so negative.
Nelson is working on a deal to save ACB right now.
Back to $10/Share and Robin Leach like wealth!!
I'm not sure what ACB is doing in Frankfort right now.
But ACB is trading at $1.17 today on the NYSE (10.29% Decrease from Yesterday).
This means that ANYONE who bought shares long before today is under water (aka: Bag Holder).
The good news is: The $2 Call Options are getting cheaper and cheaper everyday.
I wonder why that is?
OMG!! Do not buy ACB?
That is a novel idea.
I've been saying that since last March.
I hope people listen to you more than they did to me.
I don't know how ACB is doing in Frankfort today...
But I do know that ACB Down 9.16% in America to $1.19.
Just keeping everyone posted on the FACTS.
ACB at $1.20 Right now. Only down 9% today. It looks like the bleeding is slowing.
Article just released on ACB:
https://www.fool.com/investing/2020/03/06/things-are-about-to-get-worse-for-aurora-cannabis.aspx
I agree with you about the Corona Virus.
However, what makes you think Aurora will have increased Revenues?
Canopy has a huge amount of Cannabis Inventory on their books that hasn't sold - so you think that Aurora is going to magically increase their Revenues somehow?
Breaking News!! ACB at $1.20 right now. Only down 9% today.