Hey guys. So I have always been a fan of marijuana stocks and who can love trading the devils lettuce, but not trade ACB!? Over the summer we had a big sell off in the sector, but that was expected after the run we had that winter. The market is starting to catch some support and we are seeing more consistent green days for the green good. At this point in time you could do one of two things... you could wait it out, or what I personally do for longer term investments.. Start accumulating. We could bleed a little more, but to be honest... I dont see it falling much more. Another option for people who prefer less risk exposure could be to wait for earnings. Earnings is only a few weeks away and should provide a significant outlook for Auroras future.
Agreed. Earnings remains risky, even though they provided guidance. The main catalyst will be profitability. While its peers largely showed increased losses, Aurora should be looking at a significant move towards profitability. If not, we could be looking at the lower $5 range.
Augustus_Lee7
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@Barkworth, I definitely agree. Marijuana stocks are trading mostly on speculation. These upcoming quarters are pretty significant because we should start seeing real profits/losses and the true potential they have
ABG1968
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@AugustusLeeSecrest, I did buy a good chunk of this, unless the report is supercalifragilisticexpialidocious you will not see this stock going very soon anywhere nearby $13. Will go up ( usually ppl hopes are put in motion and the market reflects that in price) but after the report will go down again.