Hello fellas, I won't lie, it's not looking good right now. Auxly is currently oversold and this is why we can see the 5% up today. However, the coronavirus outbreak will badly affect the mj sector and investors won't jump in again until earnings in may. But in the end, I'm LONG with the king of 2.0 !
Whatever happens short term, this is an asset with solid fundamentals and a strategic partner. It is currently trading at fair value, and will likely trade sideways for another 6 months or so. Don’t be impatient, this is one play that’ll very likely return 500% to 1000% over the coming years.
SOAP1973
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Let see how it close first, we allready have a bounce to breath a bit, now we need some love to get back to 0.52 and more
Shaun_H
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Very much disagree with the bearish outlook. Earnings are expected by the end of the month (in March) that will be the first time this company generates any real revenue. It is quite likely that will garner interest. Even if the broader market meltdown continues, it should at least maintain in the 0.50-0.70 range.
Mcsgeg
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@Shaun_H, Sure. But earnings expected in march are Q4 2019. IMO, we're looking forward may earning to have a true sight of whats going on with the 2.0.
And It would be amazing if SP could hold around .50-.70 til may. But I'm concerned the coronavirus might f*** this up.