Aurora Cannabis Inc T.ACB

How PP works

[Duediligence33]

The institutions that are giving ACB 150 million USD was NOT from their own stash but from selling short borrowed shares from brokers last week at $ 15 to the next group of baghokders while they cover back to those brokers with new issued shares tomorrow st $ 7.50. The big Wall Street boys made a 100 % profit from the short sale AND they have 10.million free risk warrants at $ 9.00 USd. It's called "ride the warrants" lottery with no risk. Its done in the mining sector all the time. The big guys never take the risk with these type of companies. They simply fund desperate companies that need cash by getting a heads up and they can short with impunity. If you remember ACB let it be known 2 weeks ago they needed 500 million so the game was on.

[BushWeedUp100]

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[NSPfacts]

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[NSPfacts]

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[charliebitmyfin]

I was wondering if it was new retail buying during the recent run up to 15, it just didnt seem possible given the trouble acb is in, I thought it might be shorts covering instead 

[Duediligence33]

There were many "types" of buyers in the post election run up. The shorts all covered and went lo g in a "double clutch" buy to cover and buy to go long. Also there was a massive FOMO as the price rose rapidly to suck in more retail at higher prices. Longs also jumped in in for more shares to average down with bigger positions on margin. The professional traders created huge

[AlphaT]

Yup seen this game playout at another stock as well (lost quite a bit on that one). A big financial group invested $100 million and I jumped on the bandwagon  lol .. loss from that learning has been a gain on this one. 3rd time seen ACB do the same :)