Newstrike Brands Ltd NWKRF

RE:Friday run

[quinlash]

Well I can take one good guess at Friday... myself and another investor were moving back onto HIP and we made a number of buys under .40  

I held HIP for sometime but had been holding out for them to announce an international deal.  When that didn't happen in the timeframe which I thought was reasonable I exited and moved onto another MJ stock. 

Now that HIP is flirting with it's 52 week lows I see the downside as being pretty minimal on this one.  Also... as a nice FYI... HIP is trading roughly at half of its evaluation number unlike ACB and WEED which are roughtly 75%. Their financial health is also rated higher than ACB and WEED (yes, believe it or not...).  Another thing that I like here is that the shorters seem to have moved off HIP for the timebeing which has brought a lot more stability to the SP. 

I see 2019 as being the year and aquistions and HIP, considering its cash position, deals with the provinces and plays with both medical and recreational MJ as being pretty high on potential takeover targets in Q1 of 2019.  A takeover is the wildcard on this one but even without it I see the SP getting back into the .60's or .70's in 2019 which represents a pretty decent ROI from these levels.  If a takeover bid should be made it's anyone's guess as to what the SP will do but I would expect shareholders would not seriously entertain anything under $1.25 / share. 

Anyhow, those are JMHOs... GLTA.