Newstrike Brands Ltd NWKRF

RE:RE:RE:RE:what to do?in deep already

[silkroad007]

I get your point but you just said you buy and sell , win/lose and are not even up.  If I was you I would but in today and check back at Xmas time.

I had CGC at 2.50, played the trading game up to 11.00 trying to be too cute, barely ahead and would have been miles ahead by now if i just left it alone.  I suggest stop chasing the shiny penny and there might be some stability in these markets and hey maybe you might be ahead.  So your comments below about having a hard time getting up to 1.32 financing price or even the strike price of the warrants will be tough - I disagree, yes sure in the next 6 weeks but over the next 6 months feel we will be well past those prices.

Pretty sure Warren Buffet doesnt penny flip.  Just sayin

Brodey79 wrote:  In my opinion averaging down would be your best bet at recouping money on this stock. I’ve played this stock for a while buying and selling. It will have a hard time getting past the financing I believe it was 1.32 or something like that. And then if it does blow by that getting past the exorcise price of the old warrants at 1.75 will be very hard. Who knows whose where any of these companies will be in couple years. Hip could become a top 5 or fall off the map all together. If you could average down I’m sure it will see 1.20 to 1.30 again. Maybe buy it and sell it few times to recoup some money. I’ve sold this stock at profits and losses haven’t gained much on it at all. I hadn’t owned it for couple weeks now but bought back in today when it tanked. I won’t be looking for a home run on it but buying and selling for me works better than holding. Especially on really volatile stocks.