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	Comments on: ACBFF Aurora Cannabis Update	</title>
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		<title>
		By: Dazi		</title>
		<link>https://rightsideofthechart.com/acbff-aurora-cannabis-update/#comment-2600</link>

		<dc:creator><![CDATA[Dazi]]></dc:creator>
		<pubDate>Fri, 23 Sep 2016 17:49:27 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=173033#comment-2600</guid>

					<description><![CDATA[Much help, Randy, so again - ThankYou!]]></description>
			<content:encoded><![CDATA[<p>Much help, Randy, so again &#8211; ThankYou!</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/acbff-aurora-cannabis-update/#comment-2599</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Fri, 23 Sep 2016 15:57:25 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=173033#comment-2599</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/acbff-aurora-cannabis-update/#comment-2597&quot;&gt;Dazi&lt;/a&gt;.

Dazi- Are you in the US? I ask because Aurora has shares listed on various exchanges outside the US, including Canada. If so, you might be able to purchase those shares online with low commission rates. Not knowing (nor do I want to) how much you plan to put into the stock if you were to take a position I would say that $36 per transaction (which equates to $72 round trip, i.e.- a buy and a sell order) is just too much for this stock. Reasons are that:
1) As a very high-risk, speculative trade, my preference is to reduce my position size to a small fraction of what I might normally take on a trade.
2) Even if you typically trade in large position sizes ($50-100K+), the float on this stock (and most of the cannabis stocks) &#038; liquidity is just too small to take much more than a few thousand shares (or dollars, in this case with the stock trading around 1.00) at a time without impacting the price much. Even if you were to scale in gradually &#038; build a position of $20k+, if you suddenly wanted to exit, especially if trading volumes have tapered off that the time, there&#039;s a good chance that your sell orders will push down prices considerably.
3) Of course, scaling in (buying fractional lots at different times) is not feasible at $36 a trade, as that amounts to $100 in commission for every 3 lots purchased (again, only feasible on large position sizes where those commissions would be a tiny part of any profit or loss on the trade).

While ACBFF is my favorite for a potential long-term hold at this point, it is also trading at nearly twice the price that it was first added as a &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Long-term Trades are trade or investment ideas that have the potential for significant returns over a longer-term period than typical swing trades, with expected holding periods of several months or more.&#039;&gt;Long-term Trade&lt;/abbr&gt; &#038; as such, entries for a new position at this point, especially with the stock falling back below the key 1.00 level, are not nearly as objective as they were before. Once/if the stock can hold above the 1.00 level for a week or more and assuming that the volume continues to stay as strong, or stronger than it has been recently, ACBFF might once again offer an objective entry. That would especially hold true if the stock consolidates and develops a fairly well-defined support level in which to go long from as well as place an objective stop-loss order below.

If buying any of the other shares that trade on other exchanges is not a viable, more cost effective option for your (Aurora also trades on the Canadian Securities Exchange (CSE) under the symbol ACB as well as the Frankfurt SE under the symbol 21P) then you might consider some of the other cannabis trade ideas mentioned in the recent video as well as those recently posted in the trading room by some of the other members. Please keep in mind that these are extremely aggressive trades &#038; they can and often do drop as fast as they rise.

To help mitigate the risk of a big loss on any one of these stocks, I like to take a shotgun approach by taking small positions across various cannabis stocks with the most attractive charts. Even then, if the momentum in the sector swings from bullish to bearish, keep in mind that most of these stocks will fall in tandem. Best to figure how much capital you are willing to risk to gain exposure to the cannabis sector &#038; then divide that up by the total number of stocks that you want to hold, then gradually establish positions strategically (i.e.  on breakouts above trendlines or price resistance and/or pullbacks to support).]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/acbff-aurora-cannabis-update/#comment-2597">Dazi</a>.</p>
<p>Dazi- Are you in the US? I ask because Aurora has shares listed on various exchanges outside the US, including Canada. If so, you might be able to purchase those shares online with low commission rates. Not knowing (nor do I want to) how much you plan to put into the stock if you were to take a position I would say that $36 per transaction (which equates to $72 round trip, i.e.- a buy and a sell order) is just too much for this stock. Reasons are that:<br />
1) As a very high-risk, speculative trade, my preference is to reduce my position size to a small fraction of what I might normally take on a trade.<br />
2) Even if you typically trade in large position sizes ($50-100K+), the float on this stock (and most of the cannabis stocks) &amp; liquidity is just too small to take much more than a few thousand shares (or dollars, in this case with the stock trading around 1.00) at a time without impacting the price much. Even if you were to scale in gradually &amp; build a position of $20k+, if you suddenly wanted to exit, especially if trading volumes have tapered off that the time, there&#8217;s a good chance that your sell orders will push down prices considerably.<br />
3) Of course, scaling in (buying fractional lots at different times) is not feasible at $36 a trade, as that amounts to $100 in commission for every 3 lots purchased (again, only feasible on large position sizes where those commissions would be a tiny part of any profit or loss on the trade).</p>
<p>While ACBFF is my favorite for a potential long-term hold at this point, it is also trading at nearly twice the price that it was first added as a <abbr class='c2c-text-hover' title='Long-term Trades are trade or investment ideas that have the potential for significant returns over a longer-term period than typical swing trades, with expected holding periods of several months or more.'>Long-term Trade</abbr> &amp; as such, entries for a new position at this point, especially with the stock falling back below the key 1.00 level, are not nearly as objective as they were before. Once/if the stock can hold above the 1.00 level for a week or more and assuming that the volume continues to stay as strong, or stronger than it has been recently, ACBFF might once again offer an objective entry. That would especially hold true if the stock consolidates and develops a fairly well-defined support level in which to go long from as well as place an objective stop-loss order below.</p>
<p>If buying any of the other shares that trade on other exchanges is not a viable, more cost effective option for your (Aurora also trades on the Canadian Securities Exchange (CSE) under the symbol ACB as well as the Frankfurt SE under the symbol 21P) then you might consider some of the other cannabis trade ideas mentioned in the recent video as well as those recently posted in the trading room by some of the other members. Please keep in mind that these are extremely aggressive trades &amp; they can and often do drop as fast as they rise.</p>
<p>To help mitigate the risk of a big loss on any one of these stocks, I like to take a shotgun approach by taking small positions across various cannabis stocks with the most attractive charts. Even then, if the momentum in the sector swings from bullish to bearish, keep in mind that most of these stocks will fall in tandem. Best to figure how much capital you are willing to risk to gain exposure to the cannabis sector &amp; then divide that up by the total number of stocks that you want to hold, then gradually establish positions strategically (i.e.  on breakouts above trendlines or price resistance and/or pullbacks to support).</p>
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		<item>
		<title>
		By: Dazi		</title>
		<link>https://rightsideofthechart.com/acbff-aurora-cannabis-update/#comment-2597</link>

		<dc:creator><![CDATA[Dazi]]></dc:creator>
		<pubDate>Fri, 23 Sep 2016 15:21:14 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=173033#comment-2597</guid>

					<description><![CDATA[&lt;a href=&#039;http://rightsideofthechart.com/members/randy/&#039;&gt;@Randy&lt;/a&gt; - Thankyou for this update.  From the US, my only option for purchasing ACBFF is thru the Broker [canNot do it myself,] so a trade costs $36.
Wondering if it&#039;s worth it, am thinking it is, but then again, there are other cannabis choices.  Do you have strong thots on this?  Thanks very much. [Actually, it&#039;s probably not even a fair question to be asking, and just taking your valuable time.]]]></description>
			<content:encoded><![CDATA[<p><a href='http://rightsideofthechart.com/members/randy/'>@Randy</a> &#8211; Thankyou for this update.  From the US, my only option for purchasing ACBFF is thru the Broker [canNot do it myself,] so a trade costs $36.<br />
Wondering if it&#8217;s worth it, am thinking it is, but then again, there are other cannabis choices.  Do you have strong thots on this?  Thanks very much. [Actually, it&#8217;s probably not even a fair question to be asking, and just taking your valuable time.]</p>
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