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Newstrike Brands Ltd NWKRF

"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."


OTCPK:NWKRF - Post by User

Comment by quinlashon Feb 09, 2019 8:15pm
88 Views
Post# 29342950

RE:RE:RE:Website is out of date

RE:RE:RE:Website is out of dateI was not online at the time of the trade so i don't know for sure what the bid/ask size was when the trade went through. With the spike in volume and no change in price you are left to conclude that there had to be a ask level large enough to support the buy, or larger. The only thing i would go as far to say is that we likely had a large number of smaller shareholders contributing to the ask and one big mofo buyer who bought in once they could see a ask size large enough to support their order. Don't forget we seen some larger buys at .52/.54 as well so don't be mistaken to think this is any assurance the price will not fall back further. Everyone needs to figure out what they think HIP is worth and what it will do going forward then trade accordingly. If we see huge buys occurring on a more regular basis for an extended period then we may have something more to be suspicious of. Large buys, even Friday's, could be the work of individual investors with a heck of alot more money than i have Hope that helps to some degree
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