I like cannabis stocks, have been bullish on the sector for the last year. I don't think 2018 will be any different. However i don't like the company aurora cannabis from a fundamental point of view. The company has not been able to turn a profit, the massive run up in stockprice is based on future expectations. If the company is now not able to turn a profit, how will they be in the future when margins only will erode over time? Management is incompetent, the last Cannimed deal shows how irresponsibly they allocate capital. It would not surprise me to see this stock drop -50% over the next year. Be warned.
Kommentar:
Target 6-8 dollar within this year. Based on how volatile the stock is it can drop as fast like it went up. Maybe in a (few) month(s) we are back to the price levels we came from...
Trade geschlossen: Ziel wurde erreicht:
Take profits on short, new crypto boom is coming.