OTCPK:GBGPF - Post by User
Comment by
thorgb1on Jan 24, 2018 1:43pm
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Post# 27425110
RE:RE:RE:RE:the offer worth about $50.29
RE:RE:RE:RE:the offer worth about $50.29PROtrading wrote: thorgb1, there's a few guys that stood out here on the CMED play and I would say you the THE TOP one! Congrats. I rarely take second or third place voluntarily!!! LOL
Did you sell most/all as well? What's your
next one? Because I'm happy to fly these "friendly" skies with you! LOL
There's only a handful of people I respect here on clownhouse (filled with helmet wearers, dummies and puppet masters) and it's great to find a new member of the Justice League.
Tell me who you associate with the most and you shall be granted your wish! LOL
Everyone talks about ACB getting driven higher, nobody seem to know that it could easily go down to sub $10 in a flash. It's a broker manipulated stock. The Lemonade Man is working that one and although his timing is off 50% of the time, he still has a big mouth.
Cheers!
thorgb1 wrote:
Arbs traders have it now, and they will pick up as many shares as they can as low as they can and just play the spread between what it is trading at and what ACB is trading at. They will have a model that they will run the deal through, and it will tell them to buy up to a certain price. Right now, they are getting a great deal. I expect if ACB holds around $15, CMED will eventually works its way up to 47 or 48 bucks leading up to the share swap. Congrats longs, it was a long road and sometimes painful, but we made it. On to the next one.
I sold a bunch, still have more. I think 43 is pretty safe as a floor for now, will wait to see if the arbs move it up when the cheaper paper dries up. Will hold enough to convert to somewhere between 10-20K ACB and hold for a couple of months and see if it gets to 20. I don’t think the M&A is done by a long shot, expect more buying by ACB and WEED won’t take this move lying down either. I’d have a long hard look at OGI at a $500M market cap. I think consolidation is the safest way to play this sector now, it’s gonna be fast and furious and a lot of 250-500M cap company’s are gonna get eaten up. GLTA.