RE:DON'T UNDERSTAND WHY THE PRICE ISNT FALLING FURTHER - FASTERProbably due to a few factors as follows:
1) Investors who wanted to maximize their holdings in Aurora are now probably using the cash received from Aurora at an equivalent rate of $12.65 per share and buying in at the current much lower market price for Aurora shares;
2) Hopes for continuing improvement in CanniMed's financials when they release their quarterly results on next Monday March 19th; and
3) Some longer term investors see even more positive things ahead for this company, especially in light of its pending addition to the TSX Index starting next Monday. Plus rumours of a possible Nasdaq listing further down the line doesn't hurt either
schocor wrote: This company is garbage. I shorted it. I think I am pretty smart - even though this is the first stock I have ever shorted - and I can't understand why it isn't falling further, faster. Its these damn longs! They come in here and buy this garbage stock pushing up the price WAY above where it should be. It isn't fair. GO - DOWN - Aurora!!! Short will rule the day.