AEB (ASX) Downside to continue for AEB?

Originally posted by zolloz ↑

Well obviously you are a burnt holder and also need to get over yourself.

Yes, I bought in a couple of months ago before it had it's first run purely as technical play as AEB was about to break its 120 day MA and I sold during those two days it had its run as anytime a stock goes up over 100% it is bound to come back down.

I have now bought back in again after doing some research but basing my decision on technical analysis which is showing a good entry signal.

I use technical analysis to time my entry points but also do a lot of research on the fundamentals of the company to give me an idea where a stock might head to by comparing it with market peers.

AEB is still an early stage company but has good growth prospects, it is quite diversified with multiple avenues to revenue and in regards to other medical marijuana stocks it is now undervalued.

I don't care about what AEB does in the long term as I won't be a long term holder.
I trade to make money, and there is money to be made here plain and simple.

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Yeah I did a couple of quick buy and sells making small profit when the hype was around but got carried away and as a result got stuck at 5c (with aeb and qbl). Probably didn't research enough, but liked the story of what both were doing at a cheap SP. Not keen on selling at a loss now because I still like the various options to make $.

imo Atlanta sounds like it has been a little delayed but does have the capacity to create genuine revenue. India they're on board with the right people, it's a bit more 'pie in the sky' but probably has extended ability to bring in revenue in comparison to Atlanta. This is where I get a bit thrown by the negativity. Other than Teddy, there's not a lot of justification other than 'told you so's' once a week, and considering Atlanta has only just starting turning over some coin and India is only just nearing completion, isn't this the time to take a punt?

In other words, I'm sure there's a couple of lt holders/ non-holders on this thread, negative or positive, that know a hell of a lot more than me, and I'm interested to hear why these two investments are considered by some as a waste, particularly considering it 'appears' they haven't been given the chance to operate. Is it just that they haven't met their financial and project timelines, or is a lot more to it?