I agree they have some good fundamental. But unfortunately on the technical aspect of the stock price, it has been trending down and yet to break to a new high. My guess would be to wait for a period of price consolidation and add-on fundamental support and result before investor like us retails starts pumping in. It is a falling knife now and hardly can determine how far it can go south. Just my opinion
@drinaldi19842 жыл бұрын
You were right on this, lesson learned. I should have DCA , it’s now $8.67
@rise_and_shinestar78972 жыл бұрын
There is a shift in marketplace coming up which I think would be the next opportunity for stock hunt. In year 2019 , growth stock and even the strongest stock are trading in low interest rate environment and that have huge impact in price and business profitability. My guess is we are now slowly moving from low interest rate environment to high interest rate environment.(zoom into the 3 / 5 & 10 years us treasury bond yield, and you'll probably understand why I predicted so.) When that happen, growth stock even with the best fundamental will get hit by the sentiment (e.g. ABCL) and went straight to dive south. The instititutional on the other hand, they loves this kind of liquidity because its a huge discount to went fishing for great stock for few years to keep while other panic selling because they buy too early. I would think ABCL is still a great company. The problem is those who enter earlier are exposing themselves to this risk due to the shift in marketplace which I think is taking place. It means that it will longer time to be profitable in their investment value with ABCL. Those ABCL investors would have minimixe their exposure if their stock price is lower than 15. (That's just where the insider price is and I would think they are safe if they are within this risk exposure). Just my opinion. I will stay sidelines and looking to buy more ABCL to keep my position below $10. This is just my humble opinion
@jaykrizzle Жыл бұрын
Update video given how poorly this pick has performed?
@alinavid15813 жыл бұрын
Thank you sir, very informative.
@dougtrvl888 Жыл бұрын
I’m buying more shares of ABCL
@midwestcannabis3 жыл бұрын
Thx bud!
@drinaldi19843 жыл бұрын
Thank you for watching and supporting the channel. It is definitely a long term hold stock that you must have patience through volatility.
@b-e-l-u-s-h-i3 жыл бұрын
Thx 👍
@mithukc21403 жыл бұрын
Why is this falling like a knife?
@drinaldi19843 жыл бұрын
Right now growth is getting slaughtered by institutional selling and transitioning into cyclicals, and the algos are following as such. This like Palantir is not for the faint of heart, you have to do the research, own the conviction, and be willing to hold through the volatility.
@mithukc21403 жыл бұрын
@@drinaldi1984 Abcl is close to IPO price of 14-17.