RE:RE:RE:RE:RE:RE:Amazing!Well layed out KING... You are right, the rhymn went out with the reason on the stock market...but, I too think that there is something here that we can get a grip on and it hasnt yet been tossed and turned by the monsters in the market that are very good at stripping companies of all real shareholder value. Probably wrong again, but, the unknown keeps the big ugly money away and allows us regular folks to make a few bucks maybe...
ACBisKING wrote: All stocks should amaze you - lol. Seriously, there is no rhyme or reason for alot of stocks - or everyone would buy and sell at the right time. It's the nature of the beast - it can't be tamed. It can't be explained. It can't be reasoned with. It can't be explained. Even Warren Buffet can't "know" what's going to happen. The market (as you probably know since you've been trading practically your whole life), is its own entity and moves to the beat of its own drum.
Enter cannabis. Since you've been trading for almost 30 years, you will remember the .com era; it too was a wild ride with no real rhyme or reason for rising and falling as it did - companies sprouting up overnight and "valued" at millions. Then poof, gone.
So, history shows that these things happen.
Here's my take - again, just my 2 cents - the MJ sector is REAL. The .com sector (the vast majority of it), was not. While true the valuations are arguably astronomical in the MJ sector without revenue to really back it up (yet), the company is there; a product, management, etc. Therein lies the difference - the .com companies were shells - merely an "idea" that people bought into.
So, that's my long way of saying that with MJ and particularly ACB, recreational mj is going to be legal - not if, but when. Whether it's July 1 or one or two months later, matters not. It's coming. And ACB has the pieces of the puzzle necessary to be a market leader; not just in Canada, but in the E.U., Australia, and elsewhere. It HAS the structure. It HAS the distribution centre (now with acquiring Liquor Stores). And most importantly, it HAS the production capacity (Aurora Sky, etc.).
Which means that while I agree that perhaps at THIS early stage of the game, it is technically overvalued because it has yet to produce, what I respectfully believe you are forgetting (as with any other naysayer out there or shorter of the stock), is that ACB will be a major player and if you're truly a believer in the industry and an investor (both of which I am), then this stock will be handsomely in due course - not today, or tomorrow, or next week - in the long term. And mark my words, you will look back and say "wow, I got in at the ground floor". $15.20 will look like chump change as legalization approaches and passes and ppl start to jump on the ACB bandwagon...
That's my soapbox speech for tonight. Take it with a grain of salt - again, just my humble opinion - to each their own.