RE:RE:RE:Friday is coming!to be honest not sure...
i have a personal buy target at 50 cents(and Warrants an 20 cents)... I am not sure if the FY 20 results will beat the street, so i am tentative to money back into high tide until there is a bit more clarity. I have actually pulled most of my money out of the overall market as there is an imminent crash waiting to happen(then i will go really big)... there are way too many stocks going parabolic right now, APHA went from 40$ to under 20$ in less than 3 days... they are probably the top MJ stock in my persaonal opinion when you consider revenue, management and assets.... HITI is a great little company but when it went up over 80 cents i took the profit... i have learned the hard way too many times, I might have only taken 400% profit lol... i may buy a little bit around .65 and see where it goes... remember it was at 10cents last spring now at 77. that is huge growth so you need to expect a little draw back. there is also a ton of dilution already at 450 million shares and there are still another. 150million warrants and some debentures.... you could see the share count over 800 million in the near future and i don't think HITI is work 800 million just yet.... they need to start delivering at least 5 million profit each quarter to have a decent P/E ratio...
I am a big fan of what Raj has done with HITI, but the current price is a little inflated in my opinion.
If i am wrong then i made good money on HITI, but if I am right then I will make a lot more when the price drops.
good luck, (penny stocks are fun, but they sure can rise and fall very quickly). i try to keep the emotion out of investing and ensure i make money..