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Newstrike Brands Ltd NWKRF

"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."


OTCPK:NWKRF - Post by User

Comment by Updownsidewayson May 31, 2018 12:07am
138 Views
Post# 28103387

RE:RE:apparently not

RE:RE:apparently not If it was me, I would either average down with another position in the low-mid .60's, or try to grab some sub .09 warrants that should give you better leverage on the next run up. The leverage from the warrants should help offset your stock losses when the stock starts moving up again.

This is the typical slow and red season of the year for pot stocks. I would be buying now at these depressed values, positioning for the next seasonal sector run, end of summer or into fall. Not guaranteed, but that's been the cycle the last 3 years at least.

But now with legalization coming in weeks, there could be new forces at play that will change the dynamics of this sector and what drives stock prices. The sector is going to be transitioning from a purely speculative sector, to one with real numbers taken from reality. 

If you don't need your money that's tied up here for the next 6-12 months, try not to stress, and just be patient. I'm sure between now and say 12 months from now, you'll have an oportunity to sell and make some profit from your position.

Just my opinion


Simsim77 wrote: Hello guys I am buying these hip stocks for almost 2 months to keep the average I have around 80k and average price is around $0.90 anyone advise what should I do , hold or get rid of some 


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