Newstrike Brands Ltd NWKRF

Price picking up for another rally @ $1.50

[Greatman]

Hopeful that there will be news release soon and we will see another price rally up to the tune of $1.50 and above in few days..I think I should add more at this affordable...thinking about adding another 100K of this stock

[7Twiggy]

I tried to pick up at the end of the day but missed it. Not sure what I will do today. Looks like it is moving up again. A lot of investors got their cash yesterday from the Aurora buyout of Cannimed. I know I did. I suspect some of the funds will be deployed to this name.

[FXtheknob]

7wig buy the warrants not the stock. Warrants are at a discount relative to the stock price

[7Twiggy]

I already have a large position on the warrants. I agree if you don't hold a substantial position, now is the time to sit in the weeds and pick them up.

[Swampcat27]

how large is your  position...?

[Swampcat27]

what would you recommend as a substantial postion for a  positional  position to be positioning  ?  just curious

[7Twiggy]

Not sure if you or goofing off or part of a boiler room crew. Anyway here are my thoughts. Depends on your resources. If you are just starting out or can't afford to loose your investment, I would only take a small position mainly for fun. As I said this play is not a sure thing and you can bet the shorts and their boiler rooms will be all over it trying to move it either way. I have done very

[VeritasVern]

Twig the warrants have 2 years remaining so unless there is some event that causes HIP or MJ stocks to decline drastically from current levels, the risk of holding the warrants are only subject to the leverage it has both on the up and down. On the downside one can assume a floor of $0.08 - $0.10.

[7Twiggy]

VV you are most likely close. The only reason I think we are seeing these warrants at these levels are that the investors in this last offering are selling some to hedge their bets. Think I wouldextended on the offering. The stock be starting to hold unless I was over itself has been drifting upward these last few days which also makes you wonder if something is going on in the background.

[VeritasVern]

7twig we will see by end of day if current sp can hold. we have seen these levels before and it could drop back to $1.12 next week again without any news. If you are up now could be the time to take a percent of cash off the table.

[7Twiggy]

VV, I am not interested in making a few pennies. Take a look at Stockwatch. The TSX is not the only site this is trading on. The volumes being traded on the other exchanges pretty well equals the volume on the TSX. Total volume well over 3.5 million and we are just at noon. Anonymous again buying with both hands. Over 200,000 in the last 40 minutes and it looks like no signs of stopping. A lot of

[VeritasVern]

Thanks Vern, looks like we are at $1.13 now. Could creep lower and if it stays low for several days it's just a matter of time that the warrants will decline to reflect that and by actions from those that are up to take profits.