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The chart is looking good here, nice to see some strength on high volume.
The rare earth sector doesn't need a Chinese embargo to take off, the fundamentals will suffice. Virtually all of the major automobile manufacturers will be introducing new EVs (Electric Vehicles) over the next year or two. Rare earth production barely meets current demand, and that demand will increase significantly as global production of EVs ramps up.
Expect to see Lynas get a better price for their product going forward, and they'll increase their market share once the BlueLine plant in Texas becomes operational.
10-Q is out.
I've lost track, two Qs and one K behind now?
Roughly 1.1 billion.
Minor resistance coming up at $4.62, but it probably won't have time to take that on today.
...and then again, it might not do that at all.
You've already seen the bottom this round.
I think shorty be covering...
...getting north of the 50 MA on the 30 minute chart definitely helped.
I expect to see a bit of a bounce tomorrow.
I think the bottom is in.
Next resistance looks to be about $5.22. I totally agree FUNMAN, those options are typical, and nothing to get angry or worried about.
Well, we got the big, green candlestick at the open, and it got north of the first level of resistance at $5.10 and is holding, so perhaps we'll get that turnaround.
I think that a lot of shorts were hoping to cover in the mid-$4s, and that at least some of them will start covering today if it keeps trending up.
I've been surprised that management hasn't thrown shareholders a bone given that their colossal screw-up (missing their own guidance) started this whole mess.
Perhaps next week.
That big, green candle isn't going to materialize out of a vacuum, it's going to take a catalyst of some sort. Otherwise, the downtrend will continue.
ACB becoming the king of the Gap-Down.
LNGLY should resume trading tomorrow following halt for news. Will be interesting for sure.
A bounce or $4.66, 50/50. A lot of people capitulated today.
Bargain hunters starting to show up.
Going below support briefly doesn't matter, all that matters is where it closes. I do agree, however, that it really needs to hold $5.52 today. If $5.52 doesn't hold, then we're looking at $4.88 to $5.00.
If $5.52 holds, then we should see a recovery begin tomorrow. If it's still in this range at the very end of the trading day, you should add to your position.
Very high volume today, likely due to stops being triggered.
I don't see where you get that, support at $5.52 looks pretty solid to me.
Looking green so far John. I think that yesterday was an over-reaction, the numbers really weren't that bad.
bio,
When I initially went to the page to listen to the C.C., it wasn't there either, but I refreshed the page and the player then appeared.
TBH, I quit listening to it halfway through. They weren't telling me anything that I didn't already know by then.
The link below where Cam was interviewed on Yahoo gave me the answer. If I understand Cam correctly, they didn't take into account that they couldn't book their own business with their subsidiaries as revenue when they provided the guidance. Seriously? Did they not run that guidance through the CFO before releasing it?
Looks like the worst of the selling is over, PPS starting to recover a bit.
Aurora not only missed analyst estimates, they missed their own guidance.
Ain't going to happen.
Comparing Aurora to Pure Sunfarms is like comparing General Motors to E-Z-GO golf carts.
Yep, you can always cut a little more off, but it's much more difficult to make it longer once you've cut it too short.
I don't worry a lot about the after hours action, I think that tomorrow will be a pleasant surprise to most here.
Still, Cam needs to eat an entire humble pie tomorrow morning for his yuuuge faux pas.
Any chance that guidance was in Canadian $$?
(Or intended to be in Canadian dollars?)
I cannot for the life of me understand how they missed their own guidance. If anything, one should err on the side of caution and guide to the low side, that way the surprise would be a pleasant one, not this sh!t.
I see where you're getting that from the daily chart.
I think that it could top out (but not close) at $7.41.
I'm conflicted as to whether to do the same. Decisions, decisions... knowing when to sell is the toughest part for me.
Next resistance is at $6.41.
Analyst's estimates for Aurora for Q4:
EPS: -$.02
Revenue: $79M
Analysts Estimate Aurora Cannabis Inc. (ACB) to Report a Decline in Earnings: What to Look Out for
Sorry, I've been in safety training classes all day and was catching up from the bottom.
These earnings releases are always a mixed bag - they beat in some areas and miss in others. Hard to tell which the market will latch on to.
Overall, I'm optimistic about this ER so I'm going to hold through it.
That article is erroneous.
https://www.nasdaq.com/earnings/report/acb
Nobody gets out alive.
Yep, I've done that to pay off debt.
Yep, "Here's the cure for your ovarian cancer. That'll be $2,000,000 please. We have payment plans available at a very reasonable interest rate, since your insurance company will only pay 25%, and we practice balance billing." The movie "Repo Man" comes to mind.
I work in the health care profession in an indirect way, and I have vowed to go to my grave abstaining from Big Pharma's toxic crap. Yes, it works to a degree, but nothing comes without a price, and people have a way of going tone deaf when it comes to side effects. I've seen too many elderly who suffer from "polypharmacy", and nobody ever checked to see if their bag full of meds were contraindicated in any way.
People in the U.S. are strange in that they are terrified to even ponder their own mortality. They and their loved ones will spare no expense to eke one extra day of life out of a person's body that is dead but just doesn't know it yet. They will move Heaven and Earth to try to save someone who can't be saved.
Personally, I prefer to either die in my own home, or out in the woods. My worst nightmare would be to die in an ICU in some hospital.
Your mileage may vary.
Perhaps, but have you ever noticed how Big Pharma never cures anything? They'd rather just treat your symptoms for the rest of your life, always superseding your current meds with the latest-greatest (expensive) meds when the old ones go generic.