RE:do not know about you but Gotta agree with, buddyt. This has the makings of a base for a long term up trend for XLY.v.
Accumulate for the WIN !
Today's dip is healthy. It holds the stock back from running out of control.
The MM's have a hyper lock on this stock right now. It's completely in their control. Erratic, unpredictable behaviour keeps the day traders at bay. It's funny as fak to watch. It works too. Just look at how confused you all are. lol
They're toying with you, like a robin in a field of worms. lol
All techs signalled full bull as of last night.
Yet, all it took was a 1mil share push to correct the run.
If this trades sideways for a couple days the consolidation will only strengthen the base for another leg up. I'm good with that.
The debentures associated with the 5th Tranche of the 2020 Summer financing become actionable Jan. 9, 2021. Pretty sure all conditions for action will be met. As the book closes on the debentures of each Tranche, Auxly's top line improves.
Then ... then we get see 2020 year end and maybe a few more new products before announcing the planting of Robinsons OG. How much of those 158 acres of rich Nova Scotia soil will Auxly plant this year?
https://www.globenewswire.com/news-release/2019/11/15/1947958/0/en/Auxly-Announces-Outdoor-Cultivation-Expansion-Through-the-Launch-of-Robinsons-Outdoor-Grow.html
Play the short game for fun if you like but I'm adding to my core position with every flip trade I pull here.
cheers