RE:RE:RE:RE:RE:RE:RE:**Attention** New comers to this board (updated)Vern,
If you were any dumber we could use you to hold a door open... I never said Warren Buffett owns any shares in HEXO... the post referred to his trading strategy and the fact that the Redecan report was done in a NON-adjusted EBITDA method.
HEXO has the products, they have the branding, they have the partnership with Molson, they have international and US expansion and soon they will have Redecan and their sales numbers coming in on HEXO QTR reports, that's value, that's worth holding onto.. for a long hold
Go curl up with a Dog somewhere, get the fleas off yourself.. better yet... GFY *lol*
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quinlash wrote: Students of the Warren Buffett trading strategies would tend to disagree with you. Buy / Hold / Average down when opportunities present themselves his how Mr. Buffett became a Billionaire. When asked how he makes money, his response was "I don't sell at a loss".
His strategy mostly relies on identifing growth markets and undervalued companies. Taking long term positions in those companies.. then waiting. His mandate is 10 years however the same approach can be taken with 3 to 5 years IMHO.
Warren Buffett is not a fan of short-selling and sees the practice as immoral and unfair to retail investors.
Warren also is not a fan of the adjusted EBITDA measures currently in use within the sector so I am sure he would be pleased to read over the Redecan numbers as those were clearly reported on a Unadjusted EBITDA basis.
Today's get rich quick mentality is costing many loses as they rush in and rush out on drops and then others follow like sheep feeing a burning barn. The entire Cannabis sector has been getting beaten up over the last couple of months or more and this can be confirmed on the charts. I see no need to worry about my choice of having HEXO as my main Cannabis play and will continue to HOLD and BUY under my averages as I can.
Set your fluffy little fleece on fire and run if you like, sheep shouldn't be investing on the stockmarket in the first place.
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Spectra7 wrote:
J713...to make it absolutely clear on my position. Short trader...Yes. As I have openly posted, that is just one of a # of strategies experienced investors use to compete in equity markets. I'm I " short " on Hexo...currently not. I closed my position ( successfully and @ a profit) a number of weeks ago. In hindsight, a bit to soon, but...profits are profits. Imho, if as an investor you are crippled by a singular trading policy ( i.e. only buy and hold, short or swing) you stack the odds against you, in a game were the odds are greatly in the favor of the market and the professionals that exploit the inexperienced. 1 Risk has it pitfalls and equally has its rewards. May you prosper with your approach. An honest question to ask yourself, how has my strategy paid out??? Shorts have unlimited liabilities ( for the inexperienced), as longs have an indefinite time frame on POSSIBLE POSITIVE returns. Enjoy your list and accusations. The world is a much better place having the likes of you as our protectors. My time has been better spent trading. Cheers S7