Post by
mathandmass on Oct 22, 2018 5:02pm
Day results
I would say it does not make sense to sell HIP stock right now. HIP share price is at mid-August level (pre-hype), close to the lowest point in 3 months (which is good, in this case) and lots of things happened in those 3 months so it's not the same boat. They are actually selling something now finally.
Now, if you were to hold Aleafia, for example, in times of sector implosion like these ummm... I would not be so sure it's worth holding. Even if it's a better company than HIP. Because today's drop of 20% is a drop in the bucket still for Aleafia. There's been HYPE-HYPE-HYPE (and objectively lots of good things happening). The price actually did go through the roof. So, now they're are at $2.40. That's travelling down from the peak of $4 (Oct16th opening trades). The optimists are hoping for NASDAQ listing to lift them ever higher because US cash (like Tilray and Canopy). BUT! But, but, but... mid-August, pre-hype price was $0.74 so it can really go either way. It can do those 20%-a-day drops many more times.
Or like Aurora. Good company, yeah, but managed to triple from August price before it hit the fan.
So it's not all doom and gloom for HIP. Just my 2 cents.
Comment by
mmjgaadzilla on Oct 22, 2018 5:04pm
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