I have recently shared my views on NYSE: ACB Aurora Cannabis, now I wanted to comment on the latest price target of $0 and "Sell" rating from analyst Gordon Johnson from GLJ Research ... I let you make your own judgement, but this is the guy that called for a price target of $109 on Tesla when it was trading at $244.10 back in May 2,2018 .. that was a 64% downfall from the current price at the time!! ... similar to the aggressive price target of $0 he recently gave Aurora Cannabis!! ... Well you know the story on Tesla, as of this morning it was trading at $430!! far from the $109 price target he gave back then ... WATCH HIS INTERVIEW HERE: www.youtube.com/watch?v=UM04G8dq...
As it relates to Aurora, heres some interesting data points as it relates to Short Positions... they have decreased by 10% and % of short float now sits at 15%...
Short Interest Ratio (Days To Cover)
6.3
Short Percent of Float
15.44 %
Short % Increase / Decrease
-10 %
Short Interest (Shares Short)
155,950,000
Short Interest (Shares Short) - Prior
172,900,000
As it relates to Aurora, heres some interesting data points as it relates to Short Positions... they have decreased by 10% and % of short float now sits at 15%...
Short Interest Ratio (Days To Cover)
6.3
Short Percent of Float
15.44 %
Short % Increase / Decrease
-10 %
Short Interest (Shares Short)
155,950,000
Short Interest (Shares Short) - Prior
172,900,000
Comment:
DONT FALL FOR ANY OF THIS CRAP!! - Motley Fool recommends to Sell today ACB!! why>??? cuz theres more people holding shares now that we have reached bottom and is about to bounce!! on top there are a LOT of short sellers looking to buy right now to cover their short positions and they are finding it hard to get sellers to offload their ACB stock!!
heres the latest as of one hour ago from Motley Fool below ... Ha!!
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The Worst Mistake Aurora Cannabis Investors Can Make Right Now
Things could keep getting worse for the pot stock in 2020.
David Jagielski
David Jagielski
(TMFdjagielski)
Dec 31, 2019 at 10:00AM
Aurora Cannabis' (NYSE:ACB) stock is down more than 75% in just the past six months. While all pot stocks have been performing poorly, Aurora has still been one of the worst stocks to own during this stretch. Rival Canopy Growth (NYSE:CGC) declined 52% over the same period, which is close to how the Horizons Marijuana Life Sciences ETF performed. It's a troubling time for investors as things continue to go from bad to worse for the cannabis industry.
What should investors do?
Investors should consider selling their shares to salvage what they have today. It's not an easy decision since it locks in your losses, but if conditions improve and Aurora starts producing better, more consistent results, you can always buy back in at a later point. There's no guarantee that the stock will turn around from where it is today, and that's why it's important to consider the risks of holding on to shares of Aurora.
While the temptation might be to buy more shares of the company to average down your costs, it's a dangerous move that could leave you even more exposed to a crashing stock price. In a situation like this, investors are better off taking the advice of billionaire investor Warren Buffett: "The most important thing to do if you find yourself in a hole is to stop digging."
Here's The Marijuana Stock You've Been Waiting For
A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.
And make no mistake – it is coming.
Cannabis legalization is sweeping over North America – 10 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.
And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.
Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.
Simply click here to get the full story now.
heres the latest as of one hour ago from Motley Fool below ... Ha!!
---------
The Worst Mistake Aurora Cannabis Investors Can Make Right Now
Things could keep getting worse for the pot stock in 2020.
David Jagielski
David Jagielski
(TMFdjagielski)
Dec 31, 2019 at 10:00AM
Aurora Cannabis' (NYSE:ACB) stock is down more than 75% in just the past six months. While all pot stocks have been performing poorly, Aurora has still been one of the worst stocks to own during this stretch. Rival Canopy Growth (NYSE:CGC) declined 52% over the same period, which is close to how the Horizons Marijuana Life Sciences ETF performed. It's a troubling time for investors as things continue to go from bad to worse for the cannabis industry.
What should investors do?
Investors should consider selling their shares to salvage what they have today. It's not an easy decision since it locks in your losses, but if conditions improve and Aurora starts producing better, more consistent results, you can always buy back in at a later point. There's no guarantee that the stock will turn around from where it is today, and that's why it's important to consider the risks of holding on to shares of Aurora.
While the temptation might be to buy more shares of the company to average down your costs, it's a dangerous move that could leave you even more exposed to a crashing stock price. In a situation like this, investors are better off taking the advice of billionaire investor Warren Buffett: "The most important thing to do if you find yourself in a hole is to stop digging."
Here's The Marijuana Stock You've Been Waiting For
A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.
And make no mistake – it is coming.
Cannabis legalization is sweeping over North America – 10 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018.
And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution.
Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks.
Simply click here to get the full story now.
Aurora Cannabis has been on a downward spiral driven by a combination of multiple factors, nonetheless, for those potential "would-be" investors waiting on the sidelines, this could be a great entry point for the stock. Aurora recently released a corporate update outlining long term strategy growth plans. 2020 could be a transformational year for cannabis stocks coming out of a leveling 2019... The report can be accessed here: www.prnewswire.com/news-releases...
Happy Trading!