CBD - Cannasouth Ltd

[tommy_d]

And this : From $30 to $5 .
Zhiyuan Sun, The Motley Fool

Motley Fool29 August 2020

Stocks of Canadian weed growers have done nothing but disappoint investors this year. Given cheaper prices in the black market, oversupply lingering on shelves, demand falling below expectations, store closures from the effects of COVID-19, and mass inventory writedowns, many are wondering if the sector will ever recover.
https://www.fool.com/investing/2020/...ck-to-buy-now/

um...
you do know that cannasouth are medicinal, not recreational eh?
or.... good luck to you regardless.

disclaimer or whatever, bought pre cap-raise, bought at whatever it was 37.5c? sold it all during the pump cos ldo

[dabsman]

Roll up roll up to the Cannasouth Circus. Not sure what will happen today but its damn fun to participate in this amusement ride!

[bull....]

break of 1.06 might be a lower low on the 15 min chart?

[nevchev]

Gone quiet here now.Damn,ill have to do the lawns

[Gregnz]

I suspect some were hoping to game the Sharesies market buy algorithm to push it higher, before dumping another lot for a quick profit, but seems the Sharesies broker has caught on and kept their market buy orders sitting at 98 cents. Hardly a effective market buy option when it’s several cents behind. Great way for their members to miss out if the share price did continue rising. Seems a broken system.

[nevchev]

I suspect some were hoping to game the Sharesies market buy algorithm to push it higher, before dumping another lot for a quick profit, but seems the Sharesies broker has caught on and kept their market buy orders sitting at 98 cents. Hardly a effective market buy option when it’s several cents behind. Great way for their members to miss out if the share price did continue rising. Seems a broken system.

Or bad brokering.Poor buggers have either paid to much or now there not getting them at all.Pay peanuts for something and youll get monkies
So they got them at 0.99,now down to 0.93......good grief

[tomm]

https://nz.news.yahoo.com/aurora-can...100608291.html

Aurora Cannabis' (TSE:ACB) Stock Price Has Reduced 86% In The Past Year


Simply Wall St

Simply Wall St.2 September 2020

[jhf]

You did not say this stock price increased around 3000% between 2015 and 2017.

https://nz.news.yahoo.com/aurora-can...100608291.html

Aurora Cannabis' (TSE:ACB) Stock Price Has Reduced 86% In The Past Year


Simply Wall St

Simply Wall St.2 September 2020

[blackcap]

You did not say this stock price increased around 3000% between 2015 and 2017.

You are making some interesting observations. For something to go up by 3000% is the same as going from $1.00 to $31.00 (using an example).

Now it only takes a 96% fall for this stock to fall back down to $1. Granted not as much as in the example where it was only 86% but one needs to be careful with percentages.

A 100% gain followed by a 50% fall gets you back to parity.

A 200% gain followed by a 66% fall gets you back to parity.

A 1000% gain only requires a 90% fall to get back to parity. The maximum a stock can fall is 100%. At that point it is zero. The maximum upside is unlimited. A good lesson also for letting winners run.

[jhf]

That is right. a 3000% increase followed by a 86% decrease would still result in 334% increase. The SP of Aurora Cannabis today is still 2-4 times higher than in 2016 when it started to peak up.

You are making some interesting observations. For something to go up by 3000% is the same as going from $1.00 to $31.00 (using an example).

Now it only takes a 96% fall for this stock to fall back down to $1. Granted not as much as in the example where it was only 86% but one needs to be careful with percentages.

A 100% gain followed by a 50% fall gets you back to parity.

A 200% gain followed by a 66% fall gets you back to parity.

A 1000% gain only requires a 90% fall to get back to parity. The maximum a stock can fall is 100%. At that point it is zero. The maximum upside is unlimited. A good lesson also for letting winners run.