GREY:CNTTQ - Post by User
Comment by
Nastysaskyon Dec 06, 2018 12:16pm
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Post# 29076398
RE:RE:RE:RE:RE:RE:RE:Comments about APH
RE:RE:RE:RE:RE:RE:RE:Comments about APHI'm not sure I'm overly pessimistic, but angry for sure... mostly at myself ;)
I still own a ton of TRST and it's because of the fundamentals you spoke of. I do believe the better bets are in the US right now, but there's legalization risk comes with that.
The EU. Yeah I think that's years away. It appears TRST make 200k from the EU last Q. Nothing to get too excited about just yet. However, I say that with the goggles of someone who is looking at the market from the view of a slowing economy. Everything is different in a bear market.
Is this a bear market or simply a major correction? Only time will tell. I've seen the market have sh*t fits in the past trying to convince politicians and the fed to rethink policies. So we'll see.
In the mean time, investors will look for value. TRST has more to give than most, but its current earnings leaves it still expensive.
Do I think it has much more to go down? Maybe if these big drop days continue and APH blows up and more begin to have financial trouble due to issues finding financings. If that happens I think we can see low $5's.
But $5's is when TRST actually starts to value like a real company based on earnings. As long as the market is still willing to cast a blind eye on "biological asset accounting".
Edibles is a near term catalyst that these LP's need to execute on, and they need to make it exciting!!
I'm still holding TRST but considering selling a bit today on the bump we're getting.
Also long CWEB & ACRG.U