Post by
Polaris570 on Feb 06, 2021 8:58pm
Hey guys I'm back
Got things done with ACB on the State and Canadian side. Been looking at your posts and a few news article that I could find. I saw the one about C21 being acquired and I wasnt very impressed with it. C21 was # 5 on the list and the article stated that they have slow growth year over year and quarter over quarter. I guess this tells me everything about this company because there has to be something wrong here. I have been building my position and on Friday when I placed a 3K order at 1.75$ suddenly somebody pulled the plug and brought the SP down to 1.70$ filling in my order. I guess on Friday somebody got fed up holding this like myself a few months ago so he must of pulled the plug. Now that I am here I kind of regret it and maybe I should of thought harder before I entered. Something is definitly wrong here. With the bullish run cannabis has had latetly this stock should of ran at least to 2.50$ - 3.00$ mark. When you check the earnings compared to the other 4 companies mentioned in the article CXXI 10 million max. quarter over quarter is peanuts! I will give these guys another chance until next quarter earnings and hope good news like the ones Muttley has been preaching for over a year now. Lets see about the debt deal settlement that IMO has already been mentioned and done because I recall Sonny talking about this in a previous news release! Hope we have a new acquisition before the earnings and if not I'm out of here. Before I got out of here to go and settle sleeping money in ACB for at least 1 year and a half because of reverse split and constant offerings I now realize that this stock is similar. Not the fact that it made a reverse split or constant offerings because foundamentals of this company is awsome specially with Sonny being the CEO. I had almost 25K in here since the 2.50$ run up a year and a half ago to profit around 4K is kind of a joke. There's not enough volumne here and everytime I try to sell or buy I always get partially filled notice and sometimes the SP runs out on me so have to change the order or the date to get filled. Most of my money is on the state side and I have been doing very good the last 3 months! I managed to build a 10KUS in NIO just with profits I've been doing. I have SBE, CLOVE, CBAT XPENG and a few more that I trade on a regular basis. When I buy or sell something it gets filled right away and at the price I ask. Actually it's not just CXXI the problem but the whole Canadian market. Just before I got in here I made almost more money with 48 North in 2 weeks holding than what I did here in a year and a half and that was just with 7.5K. I guess that article really pissed me off and made me realize my mistake.
Comment by
Socrates88 on Feb 09, 2021 3:34am
With all the sector tail winds and momentum it's reasonable to expect $5. Last night it was very encouraging to see how easy it was to execute a trade on CXXIF. Hopefully this continues as that will be a further factor to lift liquidity and move the stock to a more reasonable valuation.