I like the story short termIts great storie, Cmed and ACB merger, Its created a incredible bubble that the TSX may have never seen in its history, and who knows where its going to go, this is an optionable stock now that has the attention of all allot of large funds and they will begin to control the stock and place it where they want to.
I cant remeber the las time I have ever seen a stock on the TSX trade 35-40 million shares in a day for weeks on end, especially a 15.00 dollar stock.
Thats more money moving around in a day than everyone on stockhouse, not just the acb forum has put together.
So this tells me the big institutions now have control.
We can now throw allot of fundamentals and reason out the door as the stick will begin to trade with there big funds want it.
We are also seeing allot of large US companies looking into the Canadian market and making a move up here which will affect the Canadian companies.
Now this surprises me, because Canada operates in one of the most if not the most strick enviroments on the planet, Im talking about regulations, safety, labor cost, taxes, which eventually will not do us any favors.
Its no secret why allot of large oil companies have moved out of the country, as its just to costly to operate up here and the same will follow in this sector,
We now see Australia, USA, Canada, and many others getting into the operations and sector, and I can almost garuntee that all the rules and regulations in all competing countries will make there liscensing easy, growing and operating cost much cheaper, making for some very stiff competition.
The climate alone Canada has to deal with is a huge factor.
Other countries in the world will be picking up on this immediatly as we now know its a multi billion dollar industry which is sure to turn the tables in the long run.
Wait until China gets ahold of this and starts producing 500,000 square foot greenhouses by the hundreds and applying labor for 15 dollars a day with no regulations,
Not to disourage anyone as short term the trend is here and now and the money this stock and others has made people in the last year has surpassed anything I have ever seen and Ive been investing for 20 years.
But be careful and make sure you take your profits, as noone ever went broke selling with a profit, and dont get married to this storie long term as this has been an explosion that large funds are just licking their lips at to swoop in with a BS quick scare tactic and storie on CNBC that will send everyone running, Even though it may not be true, but thats the way its done, and theyll gobble up all the profits.
Quick storie: I used to only hedge trade and ran a very large margain, I was in so deep that the royal bank would call me daily with margain calls, well on red days anyway.
Played Chipotle mexican grill constantly, was a great money maker, company made fantastic earning and to sell monthly puts was like taking candy from a baby.
One morning CNBC releases news from David Einhorn, a large hedge fund manager saying the stock is way over priced, and a company selling burritos should never have a valuation of half of what it was, later that day the stock went from 415 a share to 225 a share, margain calls went wild and stock tanked,
Well guess whos fund was on the buy very shortly after that and within 3 months the stock was back to 415 a share, its crazy corruption and its legal, and evetually that will happen here, theres just to much inflated money here and is ripe for beat down,
I can tell theres allot of new investors here that have never taken a seriuos loss and this may be the first stock they have ever owned, as when it pulls back a few dollars the forum goes wild with rants and back and forth banter, so the experience above is for them to realize that what you have witnessed here with ACB is a something youll only see a few times in a life time.
So be carefull