RE:Confessions of a Longyet post made me.feel better about Dope-only forgetting to cancel my hard stop.sell at recovery price on 4100 shares in RSP acct at $11.68 and another 3000 in TFSA power than that. Reestablishing larger positions in both accts at $12.50 ish before BLAST OFF INTO STRATOSPHERE with the consumables deals before Big Pharma steps into the ring!! hoping sp dips next week so I can double down in the $11s...$10s would be nice but I joked of dont think we'll see $10s again unless theres some kind of bad news. i wonder if the old Brokers over 40 are still warning their clients that the MJ stocks are a fad/trend. LOL
foxxy113 wrote:
Made the mistake of selling full position yesterday at $11.83 expecting the usual to buy back a bit lower and add to my position - when the pullback as historically has occured here didn`t happen in the accepted fashion for the first time ever - even though I`m sitting on cash hate chasing on the way up - but seems that market sentiment is there... Had my buy in set this morning at $11.80 and it hit $11.83 , (deja vu?) watched in pain as it skyrocketed. Misfire , eeeeyore... Readers don`t get me wrong - I am a long , just adding to position as many others here have done has been par for the course, if it was timed right. The intent is not to sell and not come back. With Mr. Peltz on board many have scoffed at his age- but facing facts - since then the stock is behaving much differently than it has in the past - no matter what your chart reading abilities are , trends can and will be bucked.
The addition of Mr. Peltz having inroads to several markets with proven clout, It is just a matter of time before this reaches well above analysts expectations when that first deal of many comes through - and they will - surely given the capacity here there have been many interests that Aurora hit the pause button . Taking on Peltz is a genius move - he will remove that pause button resulting in plausible gains - he would not have agreed if he did not see the realities that many choose to play down. He is a billionaire investor with his own money market fund and knows money when he sees it - his first business in money - Good on You ACB for attaining his services .
I have always said that ACB is a supplier as opposed to a single controlling entity partnership that is able to change the direction of the company - they are staying true to their roots , proven and lived up to their expectations continually and remaining true as a cannabis supplier with several partnerships definitely on the horizon.
I am not a big risk taker given my family financial status and will not bore you with an Alan Glass commentary - but need to be careful of my choices in the market . Not encouraging anyone to borrow their max and throw it in. I am saying > following the past here I made a mistake and at this point don`t care where it is Monday - up , down, sideways - I`m buying back in for the long haul - no more adding to position now by selling and rebying unless I have the cash to do so . Won`t be selling again to bolster position too much risk for me as a long - the market is speaking volumes and it`s ACB`s time to shine . As another poster said earlier , future paying dividends to shareholders . IMO ACB will be the first to achieve positive EBITDA and in the near future, 8 - 12 months begin a share buyback to decrease the float - or are we all missing the point - look at other behemoths - some automakers with over 2 billion shares and doing well -
This is growing faster than most have became accustomed to before our eyes. See it , or don`t . To each their own , Next postion I take here is a closed postion , long again ; no risks. Personal choices are a matter of wisdom, and in most cases luck regardless of the self accalimed crystal ball readers who post their fortunes after the facts have presented themselves.
Back in Monday even if it eats up a bit of profit. Time to batten down the hatches and let Mr. Peltz work His magic. Several here that will challenge my position as a long is not true and tainted ; to those that feel the need, I welcome chastising , opinions and views and maybe your own personal story , but please , save the Alan Glass rhetoric.
GLTA
See You Monday.
Fox.