RE:RE:RE:RE:RE:RE:Is there any hope in this stock?@ good_ investor, hang in there, don't double up on the mistiming.
@ SOVY888- good post as is the others on this thread. The 50% loss, as you know, was a case of bad timing, buying on the peak of a Short sell trade move on a very tight stock. Whether SNN has hit bottom depends on the anxiety of the remaining retail investors as well as the expected pending temporary pullback in the Candaian MJ sector. But I can comfortably say that with the extremely tight share structure and most swing traders on the sidelines, it will be extremely difficult to jump into this stock with any type of volume once it begibs it's run.
@bluesguy- many have done well with Canadian midcap plays as well, SNN is a US play in the short to midterm so it makes sense to have been investing in both the US and Canadian markets, long and short plays respectively. The Sunniva Canadian assets are a supplementary/derisking strategy carried over from the early day high risk California strategy that now looks to be fully derisked and in play by the 4th quarter with large revenue commencing.
@gotmoney- your knowledge of the future market potential of Sunniva is unmatched on this forum. I watched Canopy Growth grow their business profile and networksfor a year and a half with no impact on SP. When it took off, sideline investors were the ones paying high prices, as you mentioned precise timing is fruitless.In retrospect, the millionaire retail investors that emerged from the Canadian MJ sector, generally are long term investors who picked the strongest companies.
@new investors- IMHO buying SNN now locks in future additional revenue without the risk of stressing over timing or when the Candian market capitulates and by how much. Taking a page from you know who, do your due diligence and invest in the company with the strongest fundamentals and future revenue potential (largest market), with destinct competitve advantages.