Dan, I have been watching you daily for nearly 2 years now. If you start tip-toeing on the fear of what other peoples positions are I will be forced to start looking elsewhere. Our bad decisions or holding bags is our own fault. You are not bragging, you are sharing your knowledge, experience and view. Nothing you say has to come true. You could be just as dead wrong as you are right (though in 2 years I've rarely seen you wrong). Keep presenting as you do my friend. This is the best channel out their and your commitment and passion is a true blessing to this channel and community.
ACB DEBT UPDATE PRESS RELEASE – summary: 94% of debt holder are going to covert their debt to shares earlier than Wenesday! Which is good news for the bounce.
93.8% of Debenture Holders Have Elected to Voluntarily Convert
EDMONTON, Nov. 19, 2019 /CNW/ – Aurora Cannabis Inc. (the "Company" or "Aurora") (NYSE │ TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today that the Company has received notice from holders of the Company's CAD $230 million 5% unsecured, convertible debentures due March 9, 2020 (the "Debentures"), representing approximately CAD $216 million principal amount, or approximately 94%, of the Debentures, voluntarily electing to convert their Debentures pursuant to the alternate settlement procedures as outlined in the indenture dated March 9, 2018, as supplemented by the first supplemental indenture dated November 14, 2019, between the Company and Computershare Trust Company of Canada
dan, never change, we watch to learn, i trust your honesty. I know lots of people out there hurting now, but that wont teach us to become better. Just hearing you say , its fun, detatch from emotions, i know that this is the mindset you need to have to be very successful in this game. Shit, I bought c alls on CGC for jan back up in the mid 20s, im over it. All we can do is learn from our mistakes and actually learn to become good at this game.
Hi Guys can anyone comment on the large block 3mil share ask position this afternoon on TGOD until the close ? Im curious to find out why that was.. Thanks
Thanks Dan. My opinion is that you gave the same great analysis as always. No need to change what you do. The insight on the Credit Swisse explains a lot.
Hey Dan, for the ACB convertible debt, wouldn’t Suisse want to have the share prices as high as possible when they get them so they can sell them right away at market? Or do you think their driving price down so they can actually long the stock for some time and see more significant gains?
Love seeing your excitement/passion for the game busting out Dan ..and really enjoyed the added commentary over and about the chart analysis too👍. I am going for ACB tomorrow 😜
They donot have to cover their shorts as once they convert their debentures they will use the cheaper stock to cover. With a 6% discount these guys have all the room in the world to keep shorting right into the day they convert. So if they can push it down to say $2.70 they will exercise at 2.53 which makes all previous shorts very profitable. The worst part is the dilution of 77,000,000 million shares.
8 million shares short on a day where 64 million shares were traded isn’t that much is it? I’m also wondering if the NJ vote is bearish news because there was talk of another push to legalize before the election next year
Just got a refresher as to how I need to be more conscious navigating how I present myself and opportunities… which I appreciate.
Seeing significant opportunity for some while others are crushed and in despair certainly makes it a fine line to be walking in the sector right now.
I apologize if the video added extra sting and I will be more conscious of the drastic differences some people are experiencing going forward.
Dan, I have been watching you daily for nearly 2 years now. If you start tip-toeing on the fear of what other peoples positions are I will be forced to start looking elsewhere. Our bad decisions or holding bags is our own fault. You are not bragging, you are sharing your knowledge, experience and view. Nothing you say has to come true. You could be just as dead wrong as you are right (though in 2 years I've rarely seen you wrong). Keep presenting as you do my friend. This is the best channel out their and your commitment and passion is a true blessing to this channel and community.
It did exactly as you said it would, as I watch after close on the end of your tomorrow 11/19
Thanks for sharing the information
Looks like lots of hourly trend changed or start to change?
Wait till the biosynthesis of cannabis starts in India. They are going to beat all global pricing. These producers will be gone.
Dan good call 13.80 cgc as entry area https://gyazo.com/82bac96a96d5a0cf60638f1554b87afd
Caught the vid late, some good tips thanks!
https://www.newswire.ca/fr/news-releases/aurora-cannabis-provides-preliminary-update-on-convertible-debenture-temporary-early-amended-conversion-privilege-877704743.html
ACB DEBT UPDATE PRESS RELEASE
– summary: 94% of debt holder are going to covert their debt to shares earlier than Wenesday! Which is good news for the bounce.
93.8% of Debenture Holders Have Elected to Voluntarily Convert
EDMONTON, Nov. 19, 2019 /CNW/ – Aurora Cannabis Inc. (the "Company" or "Aurora") (NYSE │ TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today that the Company has received notice from holders of the Company's CAD $230 million 5% unsecured, convertible debentures due March 9, 2020 (the "Debentures"), representing approximately CAD $216 million principal amount, or approximately 94%, of the Debentures, voluntarily electing to convert their Debentures pursuant to the alternate settlement procedures as outlined in the indenture dated March 9, 2018, as supplemented by the first supplemental indenture dated November 14, 2019, between the Company and Computershare Trust Company of Canada
dan, never change, we watch to learn, i trust your honesty. I know lots of people out there hurting now, but that wont teach us to become better. Just hearing you say , its fun, detatch from emotions, i know that this is the mindset you need to have to be very successful in this game. Shit, I bought c alls on CGC for jan back up in the mid 20s, im over it. All we can do is learn from our mistakes and actually learn to become good at this game.
What do folks think of the ETF MJ?
Entered first position in CGC today (I'm poor so only a few hundred shares). If it gets to the lower 13s I'll be looking into entering my second one.
why wouldnt you rather play ACB instead of CGC considering the RSI-levels?
https://www.stockwatch.com/Quote/Detail?C:ACB Someone bought a million shares of ACB just before 5 pm for above closing price. Any thoughts?
APHA get smashed when ACB did shit, CGC did shit……………..
Why not go heavy with shorts, convert debentures, and pay back the short position with the shares they receive instead of buying on the market?
dont want say too much。 just wanted to say: thank you Dan!
Maybe you should do a video on bagholding strategies. Like cut it loose and move the money elsewhere or hang on to the bag. Average down ect.
To help your videos, please get some couches and maybe bass traps on the walls to kill the reverb.
Love the vids Dan!
Hi Guys can anyone comment on the large block 3mil share ask position this afternoon on TGOD until the close ? Im curious to find out why that was.. Thanks
I call a massive short squeeze on Wednesday morning…. Mmmm
It’s like sliding down a razor blade into a pool of alcohol ouch. LOL
Hope you don't mind that I posted on Yahoo board and Stock Twits to watch today's video for info on ACB. Thanks again.
Thanks Dan. My opinion is that you gave the same great analysis as always. No need to change what you do. The insight on the Credit Swisse explains a lot.
What site can I use to see house positions on the day?
you got me into MJ sector and i'm having a lot of fun playing this bounce
Buy the most beaten up names or the ones with more strength?
Hey Dan, for the ACB convertible debt, wouldn’t Suisse want to have the share prices as high as possible when they get them so they can sell them right away at market? Or do you think their driving price down so they can actually long the stock for some time and see more significant gains?
Hi Dan, why not also take an ACB position considering how crushed they are?
Love seeing your excitement/passion for the game busting out Dan ..and really enjoyed the added commentary over and about the chart analysis too👍. I am going for ACB tomorrow 😜
Dan…this sector is finished…cgc is going to 5
Acb will be wiped out….
One of the biggest mistakes of my life was investing in this sector. Deep in the red and will probably never break even again. RIP longs.
The yard has really come along, congrats Dan
Bought a starter for a bounce on acb at end of day. 3.08 cad average.. gap down baby plz.
This is looking joocy
They donot have to cover their shorts as once they convert their debentures they will use the cheaper stock to cover. With a 6% discount these guys have all the room in the world to keep shorting right into the day they convert. So if they can push it down to say $2.70 they will exercise at 2.53 which makes all previous shorts very profitable. The worst part is the dilution of 77,000,000 million shares.
Debentures are based on 5 day vwap for ACB
Do you think weekly gap at 10.50ish on CGC matters?
8 million shares short on a day where 64 million shares were traded isn’t that much is it?
I’m also wondering if the NJ vote is bearish news because there was talk of another push to legalize before the election next year
100 taco feast. you using wagyu beef or something?