Originally posted by avagadro
It can be really hard to hold speccy medical companies through early waves, but IMO they offer the most mega returns in the long run.
And you are right about the FOMO on big news drops. They usually come when a stock is down and out. I've had two in the last few days, BWX and NTC.
I had a look at the R&D facility that AusCann bought for over 5 millions. It's among an industrial zone full of factories doing hard stuff like steel, parts, construction materials ... I wonder why. I thought that they would want a farm type area with land where they can set up green houses and grow weeds. It looks like they will never grow anything in Australia. It will probably have a little greenhouse just for growing a little to keep the genetics or perhaps doing some cannabis plant breeding. Look at the facility I can see why one would need 6 millions to fit it out. The satellite shot seems to suggest it's a massive covered warehouse like Bunnings'.
It's unlikely that anything will be up and running there in this calendar year.
Will see what happens to AC8 stock over next week. It has not dropped enough under the last low of 46c to look attractive to play a deadcat bounce.
