Post by
sthinei on Aug 20, 2021 11:30am
Bought some HEXO this morning
Even though I dont like the sector I think we get improving numbers in Canada over the next 6 months. Aleaf and Hexo look oversold imo.
Comment by
Toweringmars on Aug 20, 2021 1:14pm
Not to mention silly retail sold off in drones today seeing the headline of a $2.95 placement and not realizing its USD... So they raise 140m @ 3.80 CAD and you can buy shares at $2.95 CAD right now on the open market... Uh... Fk me okay... Sure they dont have the 3.40USD warrants but who the fk cares.
Comment by
sthinei on Aug 20, 2021 3:07pm
Yeah It seems like an over reaction. Dropping market cap down to $350 million. Bear in mind they just bought private wee producer for $900 million and Zenabis for $400 million in recent months. Stocks in this sector have no legs/institutional support so they can get whacked.
Comment by
TRADECRAFTT on Aug 20, 2021 3:13pm
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Comment by
sthinei on Aug 20, 2021 3:59pm
I agree with you bro. The people that went in long and hard here had probably been smoking too much of the product. I would definitley not invest in the sector. It is horrible which is what I have been saying for a while now. However I think periodically it is worth a trade still. May have to wait a couple of months for the swing trade though.
Comment by
TRADECRAFTT on Aug 20, 2021 7:04pm
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Comment by
Joe455 on Aug 21, 2021 11:49am
Good plan, you have to sell weed stocks when they go up because they always come back down.