Stock sell offIt amazes me to see how many people come out of the wood work to complain about a drop in the share price without much consideration to the world economics at large.
In case anyone has been living on the moon, ACB is traded on Canada's largest Index. There was a small run up last week for most of the global indexes, recovering from the worst two weeks of sell offs in decades. This was expected and ACB was able to benefit.
Today again we're seeing a sell off of global equities as people try to protect gains or general cash flows to ride out the storm. The dip in ACB is a result of the broader market sell off. We're not likely to see any significant uptick in the share price until the next quarterly release comes out showing signs of positivity due to increased sales or a return to profits, or from a large external investment. That's it folks.
If you are currently in the glue you can do two things - 1) Ride it out and wait for better things to come, 2) Sell, take your lumps and shut up.
If you didn't have the clairvoyance to sell and protect any gains you may have had, that's on you and no one, especially me, care about it and doesn't need to hear about it.
The price is what it is, the conditions are what they are and nothing is going to change that until results improve or ACB gets a magic investment to shore up cash flow.
Be safe out there.