RE:RE:RE:RE:Not Good.....Incorrect or not, I love Aurora. Long term it's one of the best. But, in the short term, I see it sliding off a bit more.
The markets in general are due for a bit of a correction and with nothing happening on the legalization front for the next 4 - 6 weeks, there is nothing to get excited about in the sector.
It will still be the legalized recreational MJ that will get this thing running. Lots of $'s to be made, it's all up to Justin and his promise. Until some news is out, I'm watching from the sidelines. GL
MiikeD wrote: It may just be your opinion, but I see it as incorrect. Legislation will likely have some upside movement during spring. The whole blueprints of legalization are going to be laid out and we will all have an accurate timeframe when it will be put into action. Once there is more clarity as to a date, investment is going to progressively flood in over the timeframe. Medical is going to continue to grow 10-15% monthly, that will not change. ACB's Quebec location will likely be online in summer, Sky will be online before 2018. Aurora will likely start locking in contracts in Germany and Australia to start exporting medical, while patient count across Canada continues to grow. Once people have a known date, as to when legalization will take effect, you're going to see large jumps in SP price - the markets want clarity and reassurance. Due to the lack of clarity that exists today, there's still a couple factors that have not been priced into the SP (this is what speculation is all about). Things are only going to heat up as time goes by.
BY THE WAY - Jan 1st 2019 is only 21 months away
If you're a day trader - good luck trying to ride this roller coaster (you might just get thrown off).