Aurora Cannabis Inc (ACB)

[Rule_62]

Two problems with the hedge fund article that jump out at me immediately:

1. The article states the hedge fund shows a short position for Aurora and Canopy as of their Q4 newsletter. Depending WHEN in Q4 they established those short positions, they are most likely still in some stage of serious hurt at the moment.

2. The article focuses on the lack of access to the California market as a partial justification for a short position. That's all well and fine, but negating/dismissing the rest of the world market is a serious oversight.

That said, anyone paying attention to trends on a daily chart has to notice the decline of Canopy and Aphria since Jan 10th. Other than the initial reaction/correction from which it's since recovered, Aurora has mostly resisted that downward pressure until the past few days, likely due to ongoing developments.