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Bullboard - Stock Discussion Forum High Tide Inc V.HITI

Alternate Symbol(s):  HITI

High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international... see more

TSXV:HITI - Post Discussion

High Tide Inc > Chartguy update on todays ridiculous share price moves
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Post by Ronbromleygross on Jan 30, 2024 7:03pm

Chartguy update on todays ridiculous share price moves

He cannot figure out why the stock dropped from $2.65cdn to $2.27 (high to daily low).  That's a .38 drop (14 percent) before recovering somewhat.  

If you ask me this is all BS manipulation by smart money at the expense of the weak hands.  Hiti delivered a fabulous ER and yet the manipulation just continues.  Sooner or later it moves up for good imo.  Hopefully some took advantage to buy the gift in price. The video below is dedicated entirely to Hiti - 8 minutes, 

https://stkt.co/FrwJzZ7l

Comment by Oldweed on Jan 30, 2024 7:12pm
Still a nice looking chart, maybe just some profit sharing and or banksters repositioning. Volume was decent today on the MSOs I folow and HITI, and low volume on LPs in comparison to normaly seen numbers. Plenty of interst on tis one. I'm not worried at all.
Comment by Dude51 on Jan 30, 2024 8:47pm
Im not worried on this one either but was kinda of surprising, Even the chart reader guy was at a loss for words: I think something fishy, imo. https://www.youtube.com/watch?v=fBYDQemKsJM&t=21s Gee I wonder if that is going to be the same for OILS tomorrow? Key financial highlights: Total gross revenue: Nextleaf, including its wholly owned subsidiaries, reports a remarkable total ...more  
Comment by Pedal2themetal7 on Jan 30, 2024 10:04pm
Have a look at the earnings call transcript, answers lots of the questions. They're laser focused on their business model, and definitely looking long term. With the company having achieved positive cash flow, they show great confidence with their plans moving forward. The main reason I'm looking at this company is the focus on organic growth, time will tell. IMHO
Comment by monte8 on Jan 31, 2024 10:15am
Ok then, it was manipulation for the drastic price swing yesterday !  I think they're at it again today with the 12,000 shares traded at 2.35. I too saw the video and I'm encouraged by the business model. Thanks!
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