@crabclamjohn...well said!!! Some ppl are close-minded. They only see the immediate in front of them. No vision whatsoever! Aurora will prove them wrong hugely starting with 2019 Q2 ER. Hear them. First, it was oh, Aurora stayed too long on the OTC. They bashed the company like forever for that. The issue now fixed, they shift yadda to its Market cap. I bet when Auro announce a share buyback plan, the same close-minded folks still will have something else to yadda about. It is best to not listen to their rants. They don't control the market. These are the same "smart" skinny pockets that sold TLRY at $29-31 (following opening sp of $17) thinking they were genius. In their head, they protesting the valuation versus the fast sp rise by selling their position to secure early gains. Well, the big boys who actually move multi-billion dollars a day in the market sure didn't think so. The same big boys having far more expertise and know-how didn't sell @$29-31. Instead, they ran the sp up all the way to $300. What did the lesser mortals do? They go on several msg boards to yadda why TLRY didn't merit its high sp. Yes, we all know the $300 sp was way too high and it didn't stick, but that is beside the point. The fact remains the big boys knew it was too high as well but refused to budge until their appetite was satisfied. They made out like a bandit.
Moral of the story, IMO, in a new sector like MJ that is still at its infancy, it is hard to predict what will happen to a company and it's sp despite any available technical or fundamental. Only time will square that. In the main, take emotion out of it and follow the lead of the big boys. That is what I learned from the TLRY hysteria. The stock is now trading at a corrected sp and most likely still is too high but that isn't my business to worry about. Next time, don't sell yourself short; stay with the big guns! Not saying ACB will do a TLRY but you never know. NEVER say never when it comes to the American elite market. Wall Street will do what it will do, share count notwithstanding and there isn't anything anyone on here can do about it. If you sold TLRY at $250-300 you did the right thing and I Dorff my cap!!! Fortune always favors the bold. FYI, TLRY train left me at the station; I was never part of it. Wish I was, lol!
Another example. Circa 2014, following approval of its drug by the FDA, Intercept Pharma sp rose from $76 to $450 in 3 days (if memory serves me right). Talk of hysteria! Some sold @$100, others hung in there to $450 before selling. Always pay attention to what the fat pocket is doing. They know better than any of us. If they didn't sell, don't sell. There is a huge difference between selling at 100 and selling at the $450 peak. No stock price sticks forever. Always take chances when it happens. Events such as that don't come around too often. Intercept has since corrected just like TLRY and currently is trading below $100.
Just my 2cents!
