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are we in that period of selling the rallies or are we back to buying the dips I don't know well before we get started don't forget to give me a thumbs up it really helps my channel so don't forget to leave me a like what's going on guys it's investing hustler here and today I have Kevin from cyberworld how's it going Kevin it's going guys so jim cramer posted a video not too long ago saying that if you're not buying you're gonna regret it cuz everything in stocks are too cheap right now so what do you think do you agree with that statement do you think stocks are too cheap right now you think it's a perfect buy the dip opportunity or do you think it's going to get worse I honestly believe that like I know that for a fact that we are in a big giant bubble there's lots of problems there's death there's a huge the United States is a huge debt bubble the world like China is in the recession Russia is in the recession the Germany's in recession France is trying to do bank runs like there's a lot of problems around this world Canada is kind of in a recession I don't know about Toronto what do you think about Tarara and I think Toronto is somewhat in recession are not like this just Toronto just has too much life it doesn't look like it's in a recession there's people still going shopping there's people still living life normally I'm in Toronto and I'm I'm not I'm not broke but so it all depends on who who you're talking about ok question here were you in Toronto in 2008 2007-2008 yeah I was what was Toronto like in 2008 2007 2008 was it like like did you notice anything when when things were bad or no like at that point I think everyone knew a recession it was a recession and people if they didn't have jobs they would always be like oh it's a recession the recession is real this and that I think at that time I don't think I had as much money or it was but I don't know it didn't feel like it was it was a crash didn't really feel that bad but feel a lot different than it does now right now it doesn't feel like anything's wrong and all but back then it kind of felt like we were in a recession like we had a little hard to get right what's up job do hard to get back then jobs were hard to get I wasn't self-employed at the time I think there were times when I wasn't working either so it did feel a lot different than it does now okay so right now right now is not too bad in Toronto no it doesn't feel like a recession it's like everything stores are full restaurants are full downtown people are still clubbing it just it feels like a busy nightlife a busy city so it does not feel like a recession I see okay well I guess my theory of of Canada in recession is not really that no one knows for sure no one could predict a crash the only thing we have is history if history repeats itself then we're overdue but hopefully we don't have a crash maybe that was the crash maybe that was just like a quick little correction and now we're gonna have a nice bull run well Donna getting of worse things to comes meat when he was being elected as president he was thinking that you know he was saying that the stock would get isn't a big fat bubble and now he's trying to save the stock market because he knows that in a bubble and he's trying to become president again so he's trying to do whatever he can to save the stock market that's what that's what I think anyways I I don't know any anything's possible at this point so yeah this is we might as well just play the video about what Jim Cramer says about the market so he's actually talking about Citigroup stock and there's in this title as Jim Cramer there's no reason to buy or sell Citigroup so let's just play this video was gonna be bad everything else is pretty good the numbers are in line I don't know anyone really thought that this was going to be a great quarter they've gotta start showing revenue growth I like the fact that by that value act is trying to make things happen there but the main thing is it's just so darn cheap there's no reason to sell it can't be a reason to buy it other than effective cheap and we know that there's a lot of stocks that are now cheap I mean this if the market selling at about 14 times forward earnings and though it seems the one thing Joe and yet I keep thinking the markets too cheap to ignore they come back a little bit and then buy so this I just wonder what's going to happen over the next four weeks with earnings you know whether we are we in that period of selling the rallies or are we back to buy and the dips I don't know I think I think that we had the bear market I know that was just regardless of correction there are too many stocks that are just too cheap there's a couple of outliers obviously but Joe this is the our kind of market and if we get a we get a trade deal are you gonna say why did I sell City why did I sell micron because the trade deal could be within reach and I think that the numbers we got out of China last night shows you know what they needed as much or more than we do and I think that's really what we should be thinking about all in all times so yeah he just said that everything's too cheap the one guy question him are we are we selling the rallies buying the dips and and he did say that it's it's time to buy the dip but Jim Cramer's a love-hate kind of guy that some people love him some people hate him I think that Jim cream has been in the market for a long time and I did him in November he's saying that we're in a bear market you know people would be wishing that they would sell now instead of in December and now he's saying that were out of the bear market I could be right he's he's betting it on the trade war though he's saying that if trade wars go well we could be out of the bear market and it's kind of funny because I made a video not too long ago saying that we could gather the bear market if Donald Trump aside like we could be in the shortest term one if Donald Trump signs that bill then I sign the bill does a trade war with with China like actually succeed at a good agreement between the two countries agreement at the end of the day it's it's a 50/50 chance no one knows for sure the possibility of the markets getting worse it's still possible and at the same time it could get better right now I I gambled on a stock Mike I sold all my wheat stocks and my Aurora stuff most of it I still have about 20,000 shares left and I'm kind of kicking myself because it was not going down and it's going up but I my feeling is that in the future prices will correct itself I think we're in a temporary rally for all the weimar urine out but I'm assuming these prices will pull back eventually at least that's not good news hope but according to like what goes up must come down right now it's going up massively so eventually that massive brand is gonna be back down Brewer is at $9 right now they've been on a nice little rally yeah I've been hitting resistance level at $9 but a piece of news tomorrow could break it like if we compare canopy to ROI a ROI should be trading a lot higher than 9 bucks because canopies already trading at almost $60 and Aurora should be at least 10 $10 ish just to be kind of on par Wolfe canopy but the stock market always don't work out like the way you wanted to it's always something yeah yeah so but you know what i gamble on a stock market crash I sold out of my stock and I don't have to live with my car the consequences of the stop rising I mean it could correct myself and I could buy back in or it could never go back down to $8 again and stays $12 for the rest of his life higher $15 or $20 I mean logically it doesn't make any sense but I guess it's it's possible right yeah well they have a market cap of 8.45 billion and they're predicted to make of 50 million gross revenue next quarter right or this quarter but they're not going to be profitable they're gonna be losing a little bit of money I mean I know they started a little bit of t guard stock so that unrealized gain might help them not push into the negative number they might they might push into the positive numbers and not lose money on their earnings we point but I don't know it's just I think the court is to look out for is probably gonna be in the summertime the summertime is when the when the quarter when the quarry parts are gonna look really good that's what I believe but right now is not looking too good for me because I see all those strong buys and buys and I and I and I used to have over a hundred thousand shares or 160 thousand shares alright now I'm down to twenty thousand shares it makes me a little like disappointed in myself for gambling on a stock market crash when it might not happen anymore well at least you collected profits and at least you still have some shares that's the way I'm looking at it right now I collect profits I've made over 10k after Aurora obviously not as much as you but I still I'm still holding on to my position in Aurora and I'll hold on to that for to that position long term if I have to and no matter what we'll see we'll still see some profits and if it goes down I'll be happy I collected my gains so it's it's kind of a win-win situation you can never get it a hundred percent right so that's why I kind of do 5050 and no matter what happens I'll be in a position where I'm either making money or or I could buy more shares so we have is this buy by a strong buy and I think after their earnings they probably will push forward and no I I believe that after the earnings I think I think this is my theory behind cannabis stocks right I'm not gonna be correct all the time but I believe that cannabis stocks are gonna be climbed in February I think once all the earnings is done the market is gonna start declining because stocks don't always go up they have to go down before they go up because they always make lows before they make highs right is that how it kind of works so my theory is in February it's gonna start pulling back and then around maybe June July that's when the stock starts rallying back for the the really strong earnings around June to July that's just a few I hope when they announced that they were estimated to make around 50 to 55 no it went down that day it went down that day that day the next day went up and I don't know the only reason why a row is moving up right now is because of canopy canopy is pulling Aurora stock with it because Aurora is considered the second biggest company in the Canadian industry well I guess crow Kronos might be considered a second now because Kronos has like that two billion dollars from our Terra but the point is Aurora is considered a big player and the fact that Caterpie is rising so much it wouldn't make any sense for a stock to not rise with canopy stock it just would not make any sense so the market had to rally both stocks up in order to make but everyone has their own point of view i they went down the when they announced that 50 55 million but the next day and the and pretty much ever since that they did rally yes and it is mostly on canopy though that's the only reason why their rally they're rallying because caterpie's saying it can't just go up well it could because at one point when canopy got that constellation deal Aurora didn't run with them was like a war a rattle of them I just know like I was saying if history does repeat itself last year canopy did crash right before February they had a nice run in the beginning of the year and a roar ran all the way up to 15 dollars and 20 cents on January I doubt that's gonna happen this year but it does seem to be repeating itself they are it does the chart car looks very similar like this blue rise that looks like like that small rise up over here yeah exactly so it looks like they're having a small little rise like they did here so like right here it might be the beginning of a big push forward who knows or this could be who knows how high this will push but a history if history does put repeat itself it might run out Boone I don't think he'll run up to 15 but yeah I don't know like that but them that rise would have to be like it's too soon it's too soon for that stock to rise that high my opinion gets like a deal like a brand deal like with a big yeah those who will be but then if history repeats itself it will be followed by a big crash so far it seems to be having that nice little run and I guess the only way we can find out is just to wait and see nothing is a hundred percent we're just here to talk about it give our opinions give our predictions everyone's encouraged to do their own homework their own due diligence stocks that right up hard will always have to fall hard too it's just the way the mind works what goes up down well anyways guys thanks for watching if you if you enjoyed this video don't forget to leave us a thumbs up and if you're not subscribed yet hit that notification bell and smash that subscribe button only time will tell what's going to happen to Aurora don't forget to do your own homework this is strictly for educational and entertainment purposes so always do your own due diligence and that's it for now guys bye bye
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