AusCann (ACNNF)

[ForAllSadWords]

The chart looks like it could get to th mid .50's AUD which would be something around .40 USD which is the earliest level of support I can see, however what makes me less nervous (even though I'm currently down about 8000 on auscann) is that canopy hold a good deal of this company (about 12% with the option to buy another 5%) and most importantly they were happy to have their shares locked up for 3 years... they can't sell a single share before that time and I don't think they'd want to.
It's all about timeline, I'm annoyed I didn't get cheaper shares, if it does drop to .40 usd I'm pretty sure I'll throw another 4 grand at it for 10,000 more shares and average down. But LONG term (2-4 year timeline) this should be over a dollar easily.
They haven't even grown or harvested in Australia yet. Lots more catalysts to come.