OTCPK:NWKRF - Post by User
Post by
MartialArtson Apr 16, 2018 10:46am
143 Views
Post# 27890555
Bullish Engulfing at $1.06
Bullish Engulfing at $1.06
We saw a bullish doji reversal on Thursday on this name and bullish engulfing on Friday. If we are able to close higher than $1.06, that candlestick formation will be confirmed.
Traders here might be tempted to buy at these ranges on speculation. If I was holding, I would not be selling considering the strength of the bulls across this sector and the recent candlestick formation. This stock previously has a SELL and SHORT recommendation issues on April 4th. So bears currently will be looking to cover and possibly go long here.
I have to get up to speed on the fundamentals. Can anyone here provide links on the status of the grow operations? Number of KG licensed for etc with links? The big fours are in growth by acquisition mode and will be looking for acquisitions. Since ACB is fully aware of the HIP fundamentals through Canaccord and the ACB-CMED-HIP drama, it might be a good candidate?
ACB merged with CMED which gave HIP a freebie $14M break up fee which, There was a bunch of warrants which were converted to shares to be dumped by CMED which amounted to over 20M shres which I'm sure what done as part of the market correction.
ACB save a significant amount of money on the CMED acquisition which was announced as a $1.23B deal in January and which will end up at $1B or less once all is said and done.
HIP at $3 was crazy, HIP at $2 was quesstionable. HIP At $1 or so seem like a good speculative buy?