RE:financial statement june 28 after market Thebest
I think results today will be average or slightly above average.
Reasons:
1. We are still in lockdown pretty much the past quarter. Raj kind of hinted at this previously although maybe it was just said to tone down the very high expectations everyone seems to be saying and believing in Hiti these days.
2. The recently acquired companies and e-commerce platforms will not be fully integrated for a full quarter yet. Those will be all integrated into the next quarterly results. We are still 1 quarter away from realizing the full benefits on all these aquisitions in the consolidated revenues and earnings.
Tuesday trading - There could be some profit takers or shorters or MM's out in full force tomorrow to scare the weak and insecure into selling their shares. Use the opportunity to add to your positions for the smart investors here who are long in Hiti. Remember folks where there is a crises there is always an opportunity or put another way, someone's garbage is another's treasure.
I suggest you read the ER carefully when it comes out tonight and listen to the conference call tomorrow as well. ER are good but conference calls are fabulous and provide more clarity on the results.
This is a long term story so you have to train your mind and emotions to think that way otherwise you will get destroyed and shaken out of your position at the wrong time. My guess too is that you will buy back in when the stock starts gradually moving up into the mid teens and then more fiercely when we hit the $20 plus range.
Another word of caution is don't make your initial position in this stock your full purchase in one shot. You have to buy in increments because no one knows where the absolute bottom is. That is with any stock but especially with a shorted and manipulated stock like Hiti. That is a lesson I learned many years ago. Ease in gradually to accumulate shares. Don't worry because Hiti will be around tomorrow and the day after and the weeks and months and years later too. Plenty of time to accumulate shares. This will help you avoid buying at the top and can help you average down. At these prices today of $10 cdn though we are pretty close to a bottom here so the risk is low that you will lose any money if you are a long term holder and plan to be. The upside though is where the good news story comes and not too many people can put a ceiling on where they think that price will go. That is where the beauty of investing and doing your research and due diligence comes handy here.
Patience gang. Our time will come with Hiti. We are only in the first inning here. Baseball is a long game.
Touch base again later this evening or tomorrow as I am sure the boards will be flooded along with new analysts price targets and new videos on Hiti as well
Ron