RE:RE:RE:No Pumpers Please. GOOD STOCK TO BUY RIGHT NOW?mozzarella wrote: I justed actually started looking at this stock recently again. What caught my eye was the lack of messages on this board. Just looked at TMX 52 week low 0.62 and todays close 0.67 YOU can't get any better then that. Perfect time to buy in my mind. Usually when a cannabis company comes to a scenario like this. Calls, meeting, negotiations, conferences etc are in the works. You guys know alot more details then me about the going ons right now. It would be unexceptable of a team currently running NAMASTE to just sit back and do nothing, it wouldn't make sense! What if a buyout happens? or a merger etc all these things come into play. The faster this gets back on tract the faster the results of over turning this current set back and fast forward this from where it left off. I look forward to see how this company overturns this scenario from bad to good.
That's exactly the problem. Nobody knows what's going on so whenever there's an information vacuum a stock's sp will suffer. Once the financials are released there will be a new benchmark for the sp. The market will either take it up from there or we could see more downside. It all depends on the details of the financial report and more specifically if Namaste is showing signs of healthy growth. Realistically, an investor can't ask for much more of a cannabis company as profitability isn't expected for key players in the sector for at least another couple of years. If the report can at least show a light at the end of the tunnel then that though not ideal should at least satisfy investors.
I get the sense that you are not particularly interested in the Namaste story but care more if this is a good entry point for a swing trade. If that's the case then you'd be asking this board to guess what will be the results of the financial report and the accompanying MD&A. I'm afraid we're not in the crystal ball business. Maybe to help you decide you should look at how easily you came by the money you plan to allocate to a Namaste position. If it was easy money then why not take a chance but if it was hard fought profit then you might want to wait until the sp direction is more clear. As for taking a position now on a rumor of a buyout, I can't see that happening when the potential buyer doesn't even have access to Namaste's financial picture yet.
In a nutshell, as investors we hope and pray all this negative fuss about Namaste was for nothing and the sp can get back on the road to recovery. Who knows, maybe a strategic partnership with one of the large LP.s once confidence returns?