RE:RE:Time to load up, "panic in the streets"Oilcan, thanks for the link. I read it all, a good read. Today, totally sucked, that is all I can say. It induced some panic especially at Aphria, it was for me surprising to see such an across the board drop in pot stocks.
Oilcan your title, Time To Load Up, is a good title. The truly strong swing investor, buys into a loosing stock and sells into a strong stock. A nice thing to say, but a very very difficult thing to really do in practice.
I have some Aphria and some WEED and I got shaken today. I got out of ACB a few days ago, on account of that pp, but ACB has always been my favourite stock. It has the most balsy managment, and they seem to be competent and committed and really interested in building a global company. As an investor you never really like to see more dilution, as happened in March or so with ACB and again a few days ago. It is both a curse and a cure. It makes you question the motives of the management.
They are focused on a bigger plan, not just a share price plan, and that can be painful, especially today with APH, where they both announced an 80 million dollar pp and we heard threats of delisting for American invested companies also today, and the market trend was down, a total FUBAR for Aphria. And I slept in beyond the opening bell today, and did not read the APH press release about the pp, upon which I would usually sell into, and so, you snooze you loose, and I did loose today. At one point today APH was down about 20 percent and reallied back to about a 13 percent loss on the day. A slaughter.
ACB is definatly a good long term investment. That cannot be in dispute. This dilution thing means that it's growth will not be anywhere near other stocks like Aphria and Weed who have not diluted to the extent that ACB has, but that said, I think about now, would be a good time to load up on ACB.
Just my two Bitcoins.