The Fed is desperate to keep the lie of their bubble going, with retail traders going bananas over the "meme stocks" and institutional investors salivating over Coinbase DPO prospects; where is the money going to fall? Im all in on cannabis stocks this is the hit i've been waiting for on Aurora cannabis and now we are witnessing a beautiful setup for a nice solid swing trade. I was bearish on ACB for two weeks and glad to see my predictions come to fruition, now is our time to set ourselves up to take advantage of this play and price in at the bottom. SEE you at the PEAK ! GOOD LUCK ! _-Cody-_
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Ive taken the liberty to record the top three competitors and their profits year/year For year 2019 ACB= (+267%) TLRY= (-6.5%) CGC= (+19%)
For year 2020 ACB= (-120.9%) TLRY= (+204%) CGC= (-135.6%) Analyzing the hit in profits from 2019-2020 one can make the estimate that when pairing it with data from their current assets in 2019 (5,502,830) then dropping to (2,783,695) in 2020 you can do the research and realize they have invested into a state of the art 800k square foot hybrid grow space with another 1 million plus square foot grow space on the way, this large project is not yet listed under current assets and are a liability to the company, but not for long and I am predicting ACB to capture the MJ market about at a rate of 3 sales for each one sale a competitor makes based on product quality alone. I want to see 2021's year over year shrink down to less than a negative -50% profit loss to appease investors.
Thank so much for this amazing combination analysis, are you still bullish? after this week candles.
PasstheA1
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@btalothman, Yes I am liking the way things worked out this week it re-affirmed some doubt I was having in this company, as they will surely have a poor earnings season; so its going to be a risky play to say the least. However I am not one to flake away from a little risk, this is why next week on monday I will be paying very close attention to see if I can get a bit of a dip play and there is where im going to pick up some call options. Thank you for the feedback and im glad you liked this indicator combination it is a beauty.
PasstheA1
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@PasstheA1, After reading my reply I want to clear up some confusing terminology, I said yes to being bullish where im bullish in the LONG run but as for next week I actually think it could take a small drop from retail investors selling off their shares, then the institutional traders will be buying up those outlying shares to give us the bull run we've been waiting for this summer.
btalothman
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@PasstheA1, AMAZING! You mean by "LONG" 1-2 Months? or even years? or 3 weeks?
THank you so much for your prompt and honest feedback. i really appreciate it.
psbassin
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@PasstheA1, When do you think this bull run will come to fruition? thanks
DHD269
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This will be 4.00 by next week
PasstheA1
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@DHD269, You know I would have agreed with you if you said it would down trend all the way to $6 by end of may but next week? yeah sorry no.
NR-Prince
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ACB is a value play at these levels...just a matter of time before big pharma or tobacco forms a partnership.
PasstheA1
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@NR-Prince, Im starting to have fear and uncertainty on this play, todays beat down was not what I was looking for after open and it tells me that we might have another rugged month ahead of us in May. Remember to keep your eyes open for all changes in data.