RE:RE:RE:ACB was trading at $3 in October and $4 in NovemberMartialArts wrote:
Great link. It confirms my fears. If we don't break the $12.50s with "great conviction = volume" we might see a pullback to the $5-$7 range on ACB. Technical traders will find that "normal and healthy", longer term investors will be in full panic wondering who is manipulating the stock.
Given the current wider market conditions, the possibilities are real of a serious pullback. I'm in touch with a number of traders privately and I'm surprised most are all in cash or mostly in cash not because of the individual equity or sector but because of the wider markets uncertainty.
From my perspective, if the $TSX and $SPX recover, we're good. Otherwise, "take cover". This stock is heavenly on the upsides but deadly on the downsides. It reminds me of a leveraged stock.
If she breaks triple bottom support $7 would become forward resistance so let's hope not
