RE:RE:RE:RE:RE:RE:RE:GET READYGreatly appreciate you coming back on here even though I would have much preferred that your analysis was correct since I am a long term holder of Aurora.
If you look at the trading action of the last 2 days, it looks like the euphoria that occured yesterday with the announcement of the Jeff Sessions resignation simply got reversed back out today. It's almost as it this resignation was already built into the share prices of the weed companies and everybody simply finished up around where they would have yesterday if there had been no announcement at all.
For example, Aurora closed at $9.94 today and looks like it was trading around $10 when the announcement came out yesterday. Canopy closed at $56 today and it looks like it was trading around $57 yesterday at the time of the announcement. Same with Aphria which closed at $16.54 today when it was trading close to $16.90 at the announcement time yeaterday. Looks like the only winner might have been Tilray which finished up today about $6 higher than where it was yester day at the time of the announcment.
So, basically a non-story SHORT TERM and just a lost day in term of trading with this whole Jeff Sessions resignation.
ACBMADEMERICH wrote: LongonMJ, well you were right and I hearby admit that you were correct and read the market reaction correctly. Having said that I think the market reaction is wrong. The fundamentals if anything improved substantially with the recent news re Jeff sessions being fired. He was the biggest foe of MJ and now he is gone. That is great news. I appreciate your comments and insight and wish you and all ACB investors all the beat going forward.
longonMJ wrote: Well, since I am also long on the weed sector here, and Aurora in particular being my biggest holding, let's just hope that you are right and I am wrong. Both fingers firmly crossed for a big
Green day tomorrow.
Any idea who the new AG is going to be and if he is so "old school" that we are all going to be screaming for Trump to put Jeff Sessions back in? LOL
ACBMADEMERICH wrote: OK I’ll agree to admit I am wrong tomorrow if you are willing to do so also.
I go with my gut, not with slogans and everything is telling me tomorrow will be huge. If I’m wrong I will congratulate you on your wisdom. In any case I am long and firmly belive inthe MJ sector and especially ACB.
longonMJ wrote: Haven't you heard of the old saying that goes like this...........buy the rumour and sell the news.
The share prices for the weed companies all shot up during the final 75 minutes of the trading day when news on Jeff Sessions first flashed across the TV screens. Probably had viewers wondering if this was fact or fake news at the time which caused irrational people and emotional specuilators to throw crazy money into the weed stocks hoping for huge gains.
Now that everybody has had the whole day and night to take in this news and determine that it is actual fact, the share prices of these weed companies should come back down now that the crazy emotion has been removed from the matketplace and everybody is nice and calm after digesting this news.
After all, didn't the share price for Aurora drop from the low $16 price to somewhere under $8 right after legalization became an actual reality a few weeks ago.
Well, let's hope the crazy and emotional buyers are still out there tomorrow!!! GLTA
ACBMADEMERICH wrote: Yes I am well aware of that, but the news came out very late in the day and the market only had about 40 minutes to react. Tomorrow will be bigger for all, not just Tilray. I would also look for a big bump for Australis.
longonMJ wrote: For your information, Tilray already had their 30%+ bump earlier today after the announcements came out. Grrrrr......................
ACBMADEMERICH wrote: Tomorrow I feel has potential to be the best day ever for Aurora and most LP’s. Wouldn’t be surprised to see +30% tomorrow based on what happened in the US today. Clearly the momentum has swung and while volatility will continue for months I believe more and more are finally seeing the potential of this industry. Tomorrow we will truly see the benefit of the NYSE listing. Going forward will depend on trump’s policies and the massive forthcoming investments by huge US conglomerates like Philip Morriss, Coke and Big Pharma and big alcohol. Will these conglomerates wait for US Companies to develop and catch up or will they partner with is Canadians? In any case have fun tomorrow!!