Post by
quinlash on May 03, 2019 10:40am
Looks like we rode out a pullback in fine form...
Yesterday was a bit of a nightmare over on the HEXO side, pretty happy to see HIP investors ride out the day so well. With the exchange thing etc I was concerned someone would sell, then another, then the stampede for the door starting, and the SP dropping down to match HEXO with a 2 or 3 cent discount. Dare I say HIPSTIRS are battleworn and not easily spooked anymore? ;) Could investors be holding HIP based on it's own eval numbers and not the exchange now? (God, I hope so...)..
Job numbers out of the US today are very strong, I'm sure Trump will be making headlines soon on Twitter with some notable quote ;) so optimism for investing can be expected to recover from yesterdays sell off.
We're only a couple of weeks away from the merger vote with 2019 Q1 results expected by end of May so the next 3 or 4 weeks should be very interesting. If we are going to see a big pop in the SP it could very well happen within that period. There is some speculation that there is another part to this whole HIP/HEXO deal that we have yet to be made aware of so hopefully that actually materializes into something.
Anyhow.. the board seems quiet and I have the feeling i am actually sitting here talking to myself now so I'll stop the ramble here ;)
GLTA
Q