Aurora Cannabis Inc (ACB)

[bsdvs23]

Hey buddy! Longs may be loving the lower and lower prices, but to continue chasing it makes no sense; especially if their buying without STOPS in place. If anyone is buying, hopefully their scaling-in slowly and not investing all their money with one transaction. Testing the waters is very important when trying to find a bottom, but so is protecting the losses (and profits) with stops.

I'm with you on the reversal. I discount all the non-sense about the R/S, press releases, earnings, etc., until I see conviction in the markets holistically, sectors, and then into the cannabis stocks individually.

For now, this is a stock pickers market. Must find stocks with strength and not in correction territory for the time being. Utilities and Consumer Staples have been the safety haven, as for now, while Asia Markets, Tech, Oil and others area severely damaged in correction territory.

As I always tell people, "you can invest into a stock at anytime, but always protect yourself".

In the meantime, I'll keep $ACB on my watchlist, but part of my trading plan is to avoid stocks in correction territory for the long-term; however, I may scalp those stocks (extremely short term) catching intraday day swings (In and Out type trades).