Newstrike Brands Ltd NWKRF

Big Gap down tommorrow- Dundee selling off thousand of share

[Chemguy]

Last 1 min of market open, Dundee was selling orders up too 10,000. I would abandon ship if I were you guys, you guys are too late to the party. :/

[Ggeeman]

Dundee ?explain

[Ggeeman]

Brett Whalen is currently a Vice President and Portfolio Manager at Goodman Investment Counsel, a wholly-owned division of Dundee Corporation. Where are you getting your info from buddy ?

[Chemguy]

https://web.tmxmoney.com/quote.php?qm_symbol=HIP&locale=EN   On bottom of page, in the last 25 trade section.... If you look at the sellers, Dundee Securities is 008, you can see they are dumping at 3:58-3:59 pm. This stock will go down to 0.5-.6 I believe to a  pre-hype share price. Above 0.9 is hype + failed cammimed acquisition. 

[Ggeeman]

I see ...but you never said who the buyers are ! Bmo Cibc Merril lynch Canada End Interesting ...opinions ?

[Ggeeman]

damn spell check .. last one is rbc

[Chemguy]

I didn't know he was portfolio manager, I'd be more alarmed if I was holding hip.v. I hold 100% thcx.v. Only reason I would see them selling is too take profits or most probably they might buying a set target LP stock, in which they are setting themselves up for a acquisition of said a set target LP. That's just my hypothesis. Come join us on Hydropothecary, QC production is the most

[Dontpanic]

Brokerage Firms Trading Numbers on the  Toronto and Toronto-Venture Exchange 001 Anonymous Broker  002 RBC Capital Markets  003 Tristone Capital Inc.  004 Versant Partners Inc.  005 Penson Financial Services  006 Union Securities Ltd.  007 TD Securities Inc.  008 Maple Securities Canada Ltd. 

[Dontpanic]

Dundee is 027 Chemguy

[Chemguy]

Fake news man, maple securities doesn't even exist on Google. Im telling you guys , just hover just mouse over the 008 under seller and it's Dundee securities. It's sad how you input your made up house call number into your little list above. 

[VeritasVern]

Dundee is just the financial institution holding the shares for shareholders like you and I. So if I sell HIP shares today it will show up as Dundee selling. Not sure what point you are trying to make? Perhaps institutional selling?

[Ggeeman]

I think thats what was meant

[Dontpanic]

Could this have something to do with it?  Mr. Brett Whalen has been an Investment Banker at Jacob & Company Securities Inc., and Dundee Securities Corporation since 2000. Mr. Whalen serves as Vice President at CMP 2013 Corporation. He serves as a Vice President and Senior Portfolio Manager of Goodman & Company Investment Counsel Inc. He has been actively involved in a wide range of

[Chemguy]

Last time I checked Dundee is holding company run by portfolio managers. It is the managers selling off this stock, the game has begun to risky now and only the top 5 that penetrate the market earlier will have higher chance of surviving. Has HIP produced one gram of marijuana? What happens if there is a saturation of legal bud in the market?.... Today QC, announced 6 suppliers and now the game

[Dontpanic]

They over 10 million in inventory of cannabis produced and are still producing from there Brantford facility. I can’t say why approx. 30k shares were sold off the last minute or so but I’m not convinced this means anything at all. But 30k seems like a small amount of shares for an institution to suggest they are bailing out.

[Chemguy]

Nevertheless I would stay vigilant for the next few weeks.  

[Dontpanic]

My mistake, your right Chemguy. My list was outdated. My apologies.

[Dontpanic]

They sold a single order for 10k shares, the total was approximately 30k shares in the last minute. Seems like a small amount of shares to suggest a bailout by an institution.

[Dontpanic]

If you purchased Newstrike shares because you thought it was a good investment then don’t give any credibility to what you read on this forum. Unless it has been backed up with data you can validate. Below is a brief description of short selling tactics (short selling is borrowing of shares for the purpose of selling). Short selling is highly regulated by securities authorities around the world