RE:RE:Earnings Nov 9Smells like amateur hour in here. It never suprassed "$150." The previous high was actually $15, but since that all time high they diluted sh*t out of the stock and had to do reverse splits to prevent it from reaching penny-stock status, which would further hurt the company by getting it de-listed from major stock exchanges.
My guess is the stock tanks Monday because all the noob traders will be watching and primed to panic. If the report is terrible it will start the day off with a gap down.
A couple more points. Look at MJ stocks during the Trudeau election. There was a major reverse in the stock price after he was declared winner. How does that make any sense you may ask? Because these stocks are all about momentum. If too many people pile in based on euphoria, it allows big players to shake down the stock with panic-driven sell offs. Imagine waking up on Monday morning only to see your stock collapse 20%. For this reason you either a) buy and hold and don't look back for years less you prime yourself to get shaken out, or b) you learn how to trade and not based on text book plays but approaches that work specific to this sector.
Another lesson from the past is that Aurora may be the led bull right now, but what will likely happen is after a shake down they will lose that position and the lead bull will pass onto another company with better technical prospects for traders to take advantage of. So if Aurora does get shaken down next week, which I think will be Monday, buy other companies for similar massive jumps. Also be weary of having all your money because buying the dips can be even more lucrative than purely holding.