Newstrike Brands Ltd NWKRF

Yawn. 2 more months of watching paint dry.

[mathandmass]

HIP is not a good stock. We all know that. But even if the company was any better at business and PR at this point in time it would do nothing. Penny up, two pennies down, 3 pennies up, etc. for the next 2 months. We're in the weird situation where the gov. pushed the action back and oversaturated market simply deflated. Too many companies to track, everyone is printing paper and hype but it's not working cause nothing to show for it yet.

Ppl were making "safe bets" with the big players for a while and got them overvalued. Now they're starting to look at small players. But the small players are so numerous and so diluted that they will at this point swallow all the remaining retail investor dollars in Canada twice and it will be barely noticeable on the graph. Being on TSX does not help either - the terribly unbalanced indexes are down more than up, the worst performing exchange in the world. Plus now the government wants to double-tax the imaginary dollars that have not been made yet (annual regulatory fee), which is so typically Canadian... ugh. Within the next 2 months the institutional investors will start taking bites at the top tier producers. Once they start posting +5% (or more) daily gains steadily, maybe the second wave for the whole market segment will start. Until then zzzzzzz... At this point it does not even make sense to be doubling down because it's not clear where the price will be in 2 months: 0.40, 0.30, 0.20? I'd say 0.20-0.25 is the absolute bottom, but we will see.