RE:RE:RE:RE:Aurora Technical Analysis - BNNI watched the video over again, this is what was stated:
- high volatility until consolidation (deals similar to Canopy and Constellations) *not aurora, cannimed*
- high valuations, suggests profit taking
- spike in SP with lack of fundamentals to back up (arguable with the govt news ongoing)
- Day trading is extremely difficult - SP not abiding by technicals
That’s my interpretation anyway... watched even a third time to ensure accuracy of my statements. On a side note - the analyst seemed surprised how defiant the stock has been
https://www.bnn.ca/video/hap-sneddon-discusses-aurora-cannabis~1263832 45Freedom wrote: Sounded to me like the firms are waiting on the amalgamation of all the smaller players to larger ones. Maybe I interpreted it differently than you.
MiikeD wrote: By consolidation he means large corporations such as Constellations buying into Canopy.. not Aurora buying CMED.
45Freedom wrote: The awesome part was when the analyst suggested the stock needed consolidation to justify the increase like, he didn’t realize what is in the works as we speak. Guys I guarantee that guy went and did some research and will now be buying.
Indirectly and unbeknownst to him, he told everyone to buy. Get on the bus