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LOL bought more yesterday, buying more today... and even got some CMED shares for $28 a pop which equates to $8.23 a piece per convertible aurora
I actually sold a World War II dagger yesterday to pull in extra cash to purchase more stock... a dagger I have owned and kept for over 15 years as it was given to me when I was a young teenager....
and of course as soon as I sell the dagger, the price starts going back up.
It's beautiful to see that we have resistance at the 10.90 range, even after that overpaid buyout, and dilution to accomodate...
the other week we were praying it would go back to 10.90.....
straight up, ACCUMULATE
AND LAST MINUTE RECOVERY GOING HAM
AURORA DOWN LESS THAN $2 - CANOPY DOWN $10 IN 1 WEEK
AURORA IS WORTH HALF OF WHAT CANOPY IS NOW...
AND BEFORE THAT, CANOPY BARELY PEAKED AT 3X THE HIGH VALUE OF AURORA....
TAKE THAT IN TO CONSIDERATION... AND FACTOR AT THE COMPARATIVE BENCHMARK VALUE OF $36.00
CANOPY HAS LOST $10, AND IF USING A BENCHMARK OF $36.00 AURORA HAS LOST $6....
AURORA IS STRONGER.
I JUST WISH I HAD MORE MONEY TO BUY WHILE ITS DOWN
That's great and all... but take a second look:
The Ministry of Justice and Law of the Republic of Colombia granted ICC Labs Inc., through its subsidiary ICC International Cannabis Corp Colombia S.A.S., a license for the cultivation of non-psychoactive cannabis plants and a license for the use of seeds for planting.
Not really going to do much for the people of South America...
also curious - I feel like the reason ACB dropped today is because everyone moved all their profits to Cannimed the second they read the article....
essentially advancing their positions based off of the trade in ratio...
BUT the fatal flaw, is that as these people are doing that... ACB stock price goes down, and IF it goes down enough, buying ACB stock will be the smarter move.
CANNIMED JUMPED 5 DOLLARS
how large are we talking
for those who are chart inept...
like myself.... how do I even understand such a chart?
that 2.56 i wanted yesterday came today :(
What does this mean for investors?
We'll likely see share prices soar on the news, as Aurora had only previously considered acquiring CanniMed, and the news that it would consider acquiring Newstrike as well will only send the stock higher. Aurora is showing investors and all the players in the industry that it wants to be the market leader.
The industry is going to be a difficult one to grow market share in with many competitors and many restrictions when it comes to advertising, so acquisitions and brand recognition will be very important.
It is a surprising development considering that CanniMed and Aurora have had a very public feud since all of this started, and CanniMed even filed a lawsuit against Aurora earlier this month for damages as a result of the takeover attempt. However, it looks like those scars have quickly healed and that the three companies may all join forces.
Together, the companies would create the largest cannabis company on the TSX. Canopy Growth Corp. (TSX:WEED) currently holds that distinction with a market cap of over $7.1 billion; however, Aurora is not far behind at $6.1 billion, and this deal would put it over the top.
https://ca.finance.yahoo.com/news/latest-twist-aurora-cannabis-inc-122135953.html
LOL - I checked out the newstrike board.... they're all freaking out that they didn't sell yesterday... hahaha
CONGRATS TO ALL MY AURORIANS! especially you two walking away with a few thousand off the poo-strikers
IGNORE - DID THE CONVERSION MATH, DUMPED THE CASH IN TO AURORA INSTEAD
see my previous post
decided to sell a small portion of namaste, and my canopy, and added another nice little chunk.... too many news articles surrounding this merger to pass up a buy.... even though I got in at 3.30 originally, I had to load up some more....
is this on cse or tsx?
Okay - I believe that wasn't an option on the scantron!!!
on another note, I bought a few canopy at 26 the other day on the dip... I don't really see a high profitiability, as I bought them just to have a few (seeing as I missed canopy in the 3-5 range)...
I'm thinking about selling my canopy and converting to aurora also....
in the past six months I'm up 8,000% on my portfolio, and 30,000% overall from time of inception...
what do y'all think of:
1 canopy to aurora
2 424 namaste to aurora
now here is a real question - and I need some insight FAST
do I sell 434 shares of Namaste at 2.72 for = 1,180
and then turn around and buy 102 shares of aurora, or do I hold on to my namaste?
trying to get one last buy in before prices skyrocket, but IDK whether the margins will be bigger on namaste or aurora?
correct - just spend the money anyway - it will make you check a notification that you have insufficient funds, and then your account will run negative - but you still own the shares
Honestly, I'm just waiting until the news drops, let this SKY-ROCKET into the AURORA-SKY, then SELL ALL - and wait for a small pullback and BOOM ADVANCE POSITIONS!
lol talk about weird - I kept inching my buy limit up by a penny, until 2.73 - it buys back my initial 1000 on a partial fill, and leaves me with some extra cash to buy some larger stocks :)
I also use schwab and have overspent many times, but immediately set up a transfer...
I went -900 last friday in cash I hadn't cleared. immediately set up a wf transfer... got a phone call saying they wanted their money... but since transfer was already in place it was all good.
they did reprimand me though
:) - I should've captured at the 2.68 - oooh boy its gonna get interesting
LOL - yeah the day keeps telling me the same, just readjusted my buyback at 2.66 - I've seen 2.68 a few times already today
dumped 1000 shares at 2.82 this morning - hoping for 2.56 EOD so I can advance my position...
don't worry I only sold a portion of my shares - I would never gamble it all this close to an EXPLOSION!
So may I ask, - being an American....
is it illegal for a monopoly to exist in Canada? They don't allow such mono-polys in the U - S - of A
some people fail to see the potential... I shit you not, one of my best buddies... I got him to buy in.... He just keeps going, you really think it's going to go up....
I'm like bro I fucking love you, but make your own decisions then. I'm not even gonna explain.
so my co worker sold a bunch of his shares at 2.35 today - i kept saying dude, hold off until it doubles, don't drive the price down...
an hour later the shits at 2.55 LOL
Dude -dump that money in!!!!! DRIVE OUR PPS HIGHER!
Sounds like I need to put in another large order before you drive the PPS up :)
Nice jump for Aurora... Let's get back up to those 11.50 USD numbers by EOD tomorrow!!!!
I'm just gonna laugh when their shit tanks, and they fail because everyone listened to some rock band's instructions.
someone did actually ask about a new CFO, it was just very quickly eaten up by other comments...
Newstrike votes yes - we knew they would
https://www.reuters.com/article/cmed-ma-newstrike/refile-up-cannabis-parent-newstrikes-shareholders-approve-sale-to-cannimed-idUSL3N1PC56T
Very promising stuffs - I really like his response to my Aurora hostile takeover question.
Just sat in on the live stockholder address for Namaste and asked the CEO how he believes the Aurora hostile takeover will affect Namaste, if at all, because of their partnership deal.
He said nothing but good things, was completely collected, and gave me the feeling that Aurora's gonna win... all without actually saying Aurora's gonna win of course....