Next BumpJust my take..... I am surprised by the drift downward to this level. I do think 2.14 is a bottom which might be breached a little lower but that has no foundation to it.
Rememeber last time..... remember when we all knew that the Liberals were telgraphing clearly and openly that they were going to table legislation, which was announced a week in advance, and we/I watched it very closely and on that day, that Thursday, it was announced in the at about noon and Aurora spiked up that morning and a couple days before and then by 1pm it started crashing. I bailed out of all my position at about 1pm. In retrospect I should have bailed at noon, it cost me a couple k. But I got out, and since then it has drifted downward, to this remarkably low level.
I am still bullish on Aurora.
I think there will be another spike.
I think that ACB will drift a little lower, but when this legislation gets really close to being passed, I do think that their will be a spike.
For those of you are willing to try to jump in and out of trends, I would watch this scheduling issue and I think, like it did in the past, it will spike around the time when it will be actually passed, and GG signs it into law.....
I think this will be significant and will result in a 20%-40% spike.
I am just looking for that.
Also, since I am so bullish on Aurora I just may hang on, since there is no doubt. NO DOUBT! That Aurora in the long run will be moving up to that $10 mark but that may be in a couple years.
Just my take.
Good luck....