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Bullboard - Stock Discussion Forum Red Light Holland Corp. C.TRIP

Alternate Symbol(s):  TRUFF

Red Light Holland Corp. is a Canada-based company. The Company is engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, as well as a premium brand of psilocybin truffles in the legal recreational market within the Netherlands. Its subsidiaries include RLH Netherlands BV, RLH Farms BV, Red Light Holland (Subco 1) Inc., SR... see more

CSE:TRIP - Post Discussion

Red Light Holland Corp. > comparison to other stocks in space.
View:
Post by SamRothstein on Mar 24, 2021 3:58pm

comparison to other stocks in space.

I think we are actually holding up quite nicely compared to other stocks in the sector.  Like most people on this board I'm still in the green on my TRIP stock, although I am now in the red on my warrants.  When I look at any of the other stocks in this sector, if i didn't own any of them or any TRIP, and I was starting a brand new position today, I would still buy TRIP above any of them, with my second choice being BUZZ.    Although I would buy the warrants instead of the shares, because you get 2.5 times the leverage, and they offer more downside protection than the shares if there is a major market (or TRIP specific) correction.  They are currently at $0.125, which is all time low for those, and because they don't expire until July 2024 they can't drop much lower due to the time value.   I am way more confident in TRIP's future than vast majority of stocks in this space.
Comment by thcalternative1 on Mar 24, 2021 4:01pm
Thanks Sam this info is helpfull.....market makers walking the stock down until next run up. Do not know what catalyst will start the next leg up
Comment by InvestABCs on Mar 25, 2021 9:37am
Bingo! Overly contrived... With all this good news, VERRRRRRRRRRRRY hjard to believe people are selling due to not thinking the company or the space is going to be extremely successful. They were in for a reason andf all those reasons have been mobilized.  NO gaps in the plan yet. Disgusting driftdown, but we have all seen the manipulation and effects of the macro markets before. Buckle ...more  
Comment by SamRothstein on Mar 25, 2021 9:44am
Yeah lots of support at $.30 which is the bottom of this trading range.  Several of the companies in this sector have pulled back more than 50%, and we have the best revenue, burn rate and one of the best cash positions in sector.  I also think we have the best prospects especially in the next 12-24 months.   
Comment by traderjade on Mar 24, 2021 7:26pm
Yup Sam, it's nice to be in at .09. I told myself I would buy more if it hit .25. The evaluation is not inflated at all. Good steady honest growth here. Imho
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