Since my last write up on Aurora Cannabis (NYSE:ACB) stock, the price action has not gone perfectly my way. But that doesn’t mean that the trade is dead or wrong. In fact, nothing fundamental has changed since then. So today I will make the argument that it has fallen into support so the point is more valid now. And therein still lies opportunity.
For the same reasons as a few weeks ago, if I am long ACB stock I stay in my shares. This is still a good time to bet on the long-term prospect of this industry. I consider this a speculative bet so the high risk trade rules apply.
In defense of my prior write up, the whole equities market fell off a cliff thereafter. So the dip in ACB stock was not due to any fault of its