RE:RE:Next BumpHey aurorahigh, I guess I am a little confusing.
Since you asked me to explain, and it is Sunday night when everyone mostly has something else more important to do, I will take the time to answer. Thanks for the question....
I am currently not invested in Aurora. I sold off all my position on the day the Liberals tabled the legislation at 2.87. A crazy day. I made some decent money on that spike, sold when it started to crash.
I was an investor for about 8 months before that, building my position in four different increments up to what was for me a painfully high investment. I was actually not sleeping and was feeling a lot of stress. It got to the point that it was just not worth it anymore.
I, as a person who wants to learn, started learning some things from other investors who have posted great videos on youtube about investing. Some great young investors who are so disoplined and almost always win in short term investments, they look for trends, buy in,... then bail out usually on the same day making a couple hundred dollars per trade, but they make that daily. An older guy like me has to understand that these younger people are super smart and know a lot more than me about a lot of things. I have my learning but theirs is almost always more applicable... Humility is needed....
Anyway, as the tabling of legislation was nearing and I had a bunch invested and was not sleeping at night, I heard this kid, I mean 18 years old, on a youtube video talking about investing and his strategy and how he has made a lot of money but also naturally some great losses. But this kid just seemed to have his head on right about investing..... meaning, you have to be willing to take a profit when it is there...... but most importantly be willing to take a loss when it is clear. The biggest problem with investing is people not willing to take a loss. Because, they just think, if they can hang on longer they will win. This is challenging and often tragic as it was for me 23 years ago when I lost 33k, thinking if I just held on to that gold mining stock which I thought was a sure thing..... a total mistake and I lost big time from that...
So I have hopefully learned the maturnity to take my losses, a tough thing.
I am perhaps a cross breed, I do like fundamentals, they indicate a companies real potential, but I am also aware the market does not always think about those things and often operates on pure emotion, like that Gord Downy, Tragically Hip Stock last week. That price had no basis in reality and yet if you were willing to see that spike and jump in and out, you could make some real money... It made no sense but it was a real trade.
So to answer your question, I am long on Aurora. After getting back from a trip far afield, I started looking at stocks about a year ago. It became glaringly clear to me then, that this pot stock thing was a once in a lifetime opportunity to see clearly a trend, a massive industry that never existed before being given a green light with lots of almost full proof evidence from Colorado, California, and other places that this was a no brainer.... It is still a no brainer.....
So for me then, the question was, which stocks to pick. I spent a couple months looking at them all and I picked Aurora. It just seemed to have the very best fundamentals. It still does. I am amazed this is not better known.....
I am still long on Aurora, and looking for a new entry point since I have been watching this stock closely for almost a year, I like very much what they are doing and their aggressive expansion, and that gangsters are invested and will not allow it to fail.....( forget about it....) at least that is my thinking... .
I do think that those who have investment in this stock, that if they wait they will eventually see the stock price in the $10 range. It may take two years or maybe three but this is not anywhere close to fantisy..... This is based on clear calculation of the production ability of Aurora based on Cremona, and Sky and Quebec and Australia and Germany. Just think about that, 5 major centers of profit......
Come on people, if you have any money to spare, find an entry point, mostly wait for a bounce, then just put it into this stock, you will never ever ever again in this lifetine see this kind of opportunity staring you in the face. Don't regret not investing, that is even a sicker feeling than investing and seeing it drop.
I hope I answered your question.... cheers to you all....
Get in the game. The industry is massive. Aurora is amongst the top three companies in the country, so put your money in and wait two year and then send me a thank you note..... or better yet contribute something to charity.... I am a leftist.......