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  1. #601
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    You did not say this stock price increased around 3000% between 2015 and 2017.

    Quote Originally Posted by tomm View Post
    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

  2. #602
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    Quote Originally Posted by jhf View Post
    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.

  3. #603
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    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.


    Quote Originally Posted by blackcap View Post
    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.

  4. #604
    One Fearsome Feline winner69's Avatar
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    All I know is that %ages cannot go to infinity
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  5. #605
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    1 1 was a racehorse
    2 2 was 1 2
    1 1 1 1 race
    2 2 1 1 2

  6. #606
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    And they’re off!

  7. #607
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    Cannasouth receives first commercial licence from MoH

    https://www.nzx.com/announcements/359936

  8. #608
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    A pretty big milestone. Might get it back into the sharsies facebook discussion...

    GENERAL: CBD: Cannasouth receives first commercial licence from MoH

    New Zealand's only NZX listed medicinal cannabis company, Cannasouth Limited
    (NZX:CBD, Cannasouth), is pleased to announce that its wholly owned
    subsidiary Cannasouth Plant Research New Zealand Limited (CSPRL) has been
    granted the first of its required licenses to cover the commercial activities
    of the group under the New Zealand Medicinal Cannabis scheme.

    This first license covers CSPRL's Hamilton site and allows both medicinal
    cannabis cultivation and possession for manufacture with certain authorised
    activities.

    CEO Mark Lucas says "this is an important milestone in Cannasouth's
    transition from a research and development company to a commercial medicinal
    cannabis company." "As a company, we look forward to supplying New
    Zealand-produced, next-generation medicinal cannabis products for local and
    export markets, and this is another step in that journey."

    Additional licenses are being applied for to cover the cultivation activities
    of joint venture partner Cannasouth Cultivation Ltd (CCL) and the commercial
    extraction and manufacture activities of subsidiary Midwest Pharmaceutics NZ
    Ltd (MWL).

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