If $1.40 is your planned Entry Point - what is your planned Exit Point?
And what time period are you planning on holding?
The problem with a $1.40 Entry Point is: If it gets to $1.40, then that means it broke through the $1.50 resistance. If it breaks the $1.50 barrier - it could go even lower.
Also, if you do happen to buy at $1.40 - what will your stop loss be set at?
Personally, IMHO, there are a lot better "deals" on Canadian Cannabis Stocks right now. I mean, the whole sector sold off in 2019 and the Tide is Low. When the Tide is Low - then both the "good and bad" boats go lower.
So my point is: $1.40 might seem like a great deal on ACB. But what does your investment money buy with other Cannabis Companies like OCI, VFF, CRON, or APHA?
"Stock Shopping" is like regular shopping. You have to ask yourself what you are getting for your money. A $1,400 car might seem cheap - but if it breaks down all the time - it will cost you more money that it is worth. So shop wisely.
For Example:
OGI is TRULY Profitable (no BS Financial Statement games) and they didn't do any of these crazy dilutive acquisitions that ACB did. OGI just grows great weed (they won 3 awards last year) and they keep it real.
VFF has been in business 30 years and they also grow vegetables. The CEO is the founder and he runs a tight ship. Risk of Dilution is very low because the founder is not going to dilute himself and VFF is already profitable.
APHA and CRON both have large partners and they have CASH on hand for when the eventual BK's and consolidation happens in the Industry. The Cannabis Companies with lots of CASH will have the ability to buy-up the failing operators on the cheap. So that might be something to consider.
Just tossing-out some ideas for you...
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