For what it's worth... My opinion is the company may have issued too many shares too fast. This always hurts the investor. Not to mention diluting any ownership levels. If my ownership is diluting, I'd be dumping as well (collecting every penny I could - until it makes sense to buy again, if at all).
Even with this supposed new acquisition coming up. There is talk about issuing shares to the individuals who own the potential "to be acquired" company. How many is that? What are the restrictions? So many questions. That would raise concerns to me, if I was an investor.
But, if someone is positive on the outlook for $ACB, who am I to tell them to walk away and never look back..?!? I just want to raise the flag of warning that maybe it's better off to swing trade a stock until it get's the footing needed (momentum), so you can enjoy the ride. Unless someone is in the position to buy an infinite amount of times (averaging down) as part of their trading plan and outlook. Everyone is different.
Some might say, "Well, it's better to buy cheaper at the levels and hold forever." Yeah, maybe, if that's your plan and your sticking to it. But it also makes sense to buy at lower levels and sell into resistance. Waiting for a chance to rinse and repeat. Granted if momentum changes the narrative here someone may be required to pay more than what they could have in the past (so be it). But, that mentality can get an individual slaughtered in this game. Again. It all depends on someone's outlook, trading plan, and how comfortable someone is playing this game.
There will always be times to buy a stock on pullbacks, missed earnings, analyst downgrades, corruption, etc. Good luck trading; wish you the best.
Always have a trading plan in place. Avoid the noise on the boards and focus on protecting capital and following your trading plan.
