RE:If any company goes bankrupt it's bad for the entire sector Hopeful75 wrote: Shorts have created such a mess imo... what happens if any of the big LPs go bankrupt...have any of you even thought of the consequences?... the entire sector will come down and you will all lose money like us... there's an old saying don't slap the hands that feeds you... you shorts have been relentless. You'll have to find another sector to start bashing. Those of you who work for the big shorting companies do realize that they profits from your work and you will only see a fraction of that work. Isn't it better to make consistent money vs only for a short period of time.. your constant bashing with of fears and false news won't make you money... have you not noticed the steady decline throughout the entire sector... while you all cover and consume more shares as leverage you also will sell at a loss.. You are like locusts consuming and destroying everything in your path then moving onto the next thing... soon there will be nothing left for you all to short... Those big companies are using you and I state again you're doing the work and you'll see a fraction of that effort while they wine and dine. Making a couple thousands is nothing.. making 100k is nothing longterm... Enjoy the ride while it lasts because unfortunately all rides end eventually. The longterm profitably of this sector is great imo but shorts don't have the patience to make an honest buck... You know what they say about shortcuts ... in most cases they cost you more in the long term...
Aurora was like locusts the past few years ..Comsuming everything in their path , trying to get so big and dominant all the while ignoring the warning signs (share count, goodwill ,loan stipulations ) That mindset is what got them into trouble in the first place . They are the ones that couldn't wait longterm to make an honest buck .They were the ones who took shortcuts instead of building their brand organically ..
I have never shorted nor does that interest me (if ever I was going to it would've been ACB) but do not blame short sellers for the incompetence of Aurora or others in the sector . The hit pieces put out daily on these LPs are mainly B.S but shady biz like TRST , ApH and ACB over paying to line pockets of execs is too juicy to pass up for these opportunistic vulchers.
Furthermore Tilray ballooning to 300 was also an early indicator that something else was off with the sector .This mucked things up and left a foul taste .Another quick buck made by insiders . Think about how juicy that would look to a short ? That's basically screaming on the rooftops to short the sector . Imagine being involved in other sectors (not even like or smoke weed ) and seeing MJ balloon up without regards for fundamentals . That catches people's attention and triggers Fomo which is usually followed by jealousy and general distane for the sector. Ala short sellers .
To touch on your original point about others not thinking about the ramifications of ACB or others sinking is asinine ! It's actually the complete opposite . Most who invest elsewhere are waiting and banking on others who are mismanaged to drop off or close up shop . *Picking up much needed market share in the process.
One of the most basic principles of investing is to assess the competence of the management . That is who drives your investment longterm .
In conclusion I am not bashing Aurora products that's for sure . Among this mess that is Aurora they do have nice products it's just the cash burn and share count that's scary ..
As as for the sector, Canopy having 2.7 B in the war chest is like sitting at the final poker table with chips (house money) stacked to the ceiling playing against a bunch of amatures that took out credit to sit at the table . Eventually majority will get bullied and fold it's inevitable .