magnum375

This stock need to get HIGH !!

Long
NYSE:ACB   AURORA CANNABIS INC
get ready to buy when the price close above the bearish trend line at around 1.07
or buy now and accumulate

Comments

Buy buy buy!
Reply
You see, I also have lines, and I don't think your level qualifies as an entry point. Would love to hear your thesis, please?

Reply
magnum375 Barkworth
@Barkworth, the support at 0.5 is a very strong support and I look into the financial of the company and they look strong ... it might go down but it worth a shot to buy it between 0.5 and 0.8 because we can come back to 8 or 10 but the downside is limited as if we close below 0.5 you get out
Reply
Barkworth magnum375
@magnum375, Yes, I agree with that. Buy between 0.5 and 0.8, then hold you breath for a bounce. But the company's financials are not good at all. Less than one year cash runway, last quarter lost a lot of market share to peers. We have to be very careful with this asset.

Thanks! And have a great weekend :-)
Reply
magnum375 Barkworth
@Barkworth, well we will see , thanks for your interesting thought
have a great weekend
Reply
magnum375 Barkworth
@Barkworth, did you hold your breath ??
Reply
Barkworth magnum375
@magnum375, Haha :D

No man, I never bought them. When they announced that reverse split and new shelf prospectus, I figured to just stay sidelined. How about you?
Reply
magnum375 Barkworth
@Barkworth, I still have a little amount invested I will keep it if we still above 7 but if we close below I m out
Reply
Barkworth magnum375
@magnum375, I think this is the dip to buy. Sell off after the 12-1 split. Earnings is scary, I think their valuation is pretty good right now, though that doesn't mean there isn't downside, but the one thing that worries me, is the $2.4B goodwill for Medreleaf they have on that balance sheet. We could see a $1B write off there. Though in terms of assets, etc. they are pretty good value right now. We'll have to see them meet the revenue targets though, and improved EBITDA. Earnings on May 14th. I am on the fence. I may play. They could surprise. Though most peers missed.
Reply
Barkworth Barkworth
Choices, choices... It is a trade though, not a hold. Not yet.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out