Newstrike Brands Ltd NWKRF

Flip and dip

[DJPB1984]

I work in the financial sector and so many people panicking to get their brokerage accounts open just to grab a piece of the MJ sector. Most are like peope here who are just trying to see some green and take profits. Currently at moment there is no catalyst for this to rise and after HIP hit it's lot of .93 and started to rise you get the investors who try and chase the ask which is never right. I do see this rising and the whole sector over the next few months but my focus will be finding a PPS that is close to the bottom and this isn't it yet. Many are in the red here because are new to investing or are just jumping on the bandwaggen as heard was the next hot stock. All people need to do is calm down here and wait for this to actually bottom out or you will continue to see more losses.

[Dontpanic]

I agree that people need to keep their cool when shares go south to prevent loss. However I disagree when you state that we have not seen bottom. I believe that we are currently at bottom, but hey...I could be wrong and have been before. I’m sure you can say the same.

[DJPB1984]

Agreed I have been here before as well. Just a financial article I read which would indicate there could be more volitility to come before the calm and rise again. This will be due to lack of catalysts currently that we should see starting again in a month or so and into the summer with legalization. This is all I'm referring to.

[Dontpanic]

Could crop insurance for cannibus growers be seen as a positive and potentially a catalyst to improve the current market? See other post

[Moneymaker977]

I am new to all this.   To buy you need sellers.   I understand they buying side. But Selling at these prices is what I do not understand.   Weak hands?  

[Swampcat27]

i believe its called Shorting a Stock.   Meaning they buy the stock at a low price anticapting it will go down to the estimated low price and then they sell to make profit.   i think thats whjats happnin here..

[Dontpanic]

I can’t say I understand it any better than you do...

[Swampcat27]

if you watch the buying a selling you'll see a buy/sell pattern:  buy buy buy  sell sell sell. its repeated most of the day.

[Swampcat27]

  im fairly new to this also Mon.Makr.   Shorting is/can be as profitable as buy low to sell high  Which is what I believe is happening with HIP. Very skilled traders are manipulating the stock, basically playing with it...because they can...!  Like I said im fairly new, so dont take my explaintion verbatum... hope that helps.