Doesn't look like we're done with this pullback. I pulled out rather late around $9.40 for some small gains and waiting for a lower $8. Hard to calculate where price is going to be when trading is based on catalysts or emotion. Just have to wait till it fizzles out to make a play. Continuing to watch this playout and again, hoping to buy at a really low $8 range and buy more if it breaks down. A sure buy would be later if it breaks out of $10 range which will surely bring price target to previous ATH. *Shrug* I can't say this enough, the marijuana sector / medical or recreational is a long term play up to 5 years or longer as we see where things grow and settle. If you're in it for the long just buy and hold.
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Looking good. Positive news as Germany has selected ACB to be one of a few companies on contract to produce and sell to the German government for distribution. Not bad. #LONG
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Not worrying too much even though I see ACB breaking down for now. I'll be looking to see if ACB stays around $8.30 but lower lows after that is likely a sign of $7-$8 range. Aurora is a long term. Many people are reading articles about other companies beating ACB into the US market but that's not entirely true. Cannabis is illegal federally but they could still decide to move into HEMP, or wait it out, focus international and at home, and find a partner this year. High hopes (no pun intended).
If SPY does go another leg down, looking for a lower low, we'll be back at the December levels before long. Right now is a very scary time.
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@Barkworth, Definite selling pressure and uncertainty in mostly all markets right now. SPY going to December levels is an extreme drop but anything is possible. It's to be noted that yield curve inversion doesn't immediately spell out doom. I'm sure the fear will clear up and the realization that if this is a sign of recession it's about a year or more out.