Investing in stock may appear to be overwhelming to a newbie but in actuality, the most challenging part is doing your research. There is no sure way to know if the stock you decide to invest in will rise, crash or simply stay stagnant, but in any case, you want it to rise. I took BUS 110 at CPCC and as one of our projects, we had to select 3 companies that we would like to invest in with our fake money and follow this stock through the semester. The goal at the end of the semester was to make a profit on our investment. I passed the course with an A but failed miserably in the stock market. My first mistake was selecting businesses that were already established and investing way too much money in the initial stock. I should have done a better job researching the businesses I selected and watching the trends. Needless to say, I learned from this project and I would like to provide you with some easy steps to help you invest in a business that will hopefully bring wealth.
My first alert was “Citron Slams Aurora Cannabis, Calls Out ‘Enron-Type Accounting’. Could this be the reason the stock dropped today? Let’s read more.
By Short-seller Andrew Left’s assessment, the firm has no path to profitability even without the burden of taxes and distribution and its financing structure betrays weakness in the underlying business model…
Aurora’s response was “This guy has no clue what he is talking about. We’ve been operating commercially for less than 2 years, so I am sorry if he’s angry that we’re not profitable”, he said asserting cash in excess of $320 million and marketable securities work $180 million per (Balboa, 2018)
Balboa, E. (2018). Citron Slams Aurora Cannabis; Company Says It Won’t ‘Lose Any Sleep on Amateurish Attack’. Benzinga. Retrieved from https://m.benzinga.com/
Moneyshow.com (2018). Is there a maximum amount of stock an individual investor or corporation can purchase? Investopedia. Retrieved from https://www.investopedia.com/
By: Kenise Taylor