Post by
longsolo on Aug 12, 2019 11:11am
Even if OH becomes Cresco, very little upside to this deal
OH at 7 bucks and CL at 10 bucks. No gain for SH at this point. I think I am better of selling and waiting to see what happens. To bad I waited for so long.
Comment by
retiredcf on Aug 12, 2019 11:54am
With CL's current price of $10.25, OH would be worth $8.63 so I'm not sure about your "no gain" comment. GLTA
Comment by
longsolo on Aug 12, 2019 1:46pm
It's around 10%, give or take. Hardly worth what it was before the deal was announced. Yes you can consider the whole sector and market are down. Bottom line this is a good company but holding shares for a maybe 10% gain is looking at this point hardly worth the risk. The smart money has sold already and will patiently wait till the deal is done while some of us hold the bag so to speak.
Comment by
retiredcf on Aug 13, 2019 8:32am
If CL holds its level, the gain on OH would be about 23% from here. Yes the markets are nervous and the MJ sector has been volatile but not sure it makes sense to sell at this depressed level. GLTA
Comment by
stockvet on Aug 13, 2019 1:08pm
For a day trader maybe, but for any long term investor, the wait is barely a speck in time... people need to learn patience, wow! We had 2 100%+ runs in the last year, take some profit, buy back low and more runs will come...
Comment by
stockvet on Aug 13, 2019 4:19pm
I hope you sold me your shares at open this morning.
Comment by
longsolo on Aug 13, 2019 6:22pm
I sold most back a couple months back. Then tried playing the up and downs. I actually sold yesterday like a chump to play another stock and got burnt. I still have a few under the orhof ticker which I dont touch.