GB Group Ord Shs GBGPF

Why CMED is still #1

[MartialArts]

Some of you might have asked why I'm so bullish on CMED?  After all, even without clear market confirmation, I re-added to my position and CMED now occupies my #1 investment.

The reason is because of a technical indicator that I follow called the SCTR.  I follow it in relation to the wider market indexes because it's an indication of strength.  How solid is a stock.  Well, looking at the past 10 trading days, we can see that in all the MJ names CMED is #1.  It's gone from Leading to Weakening but unlike others, never entered Lagging.

Here is a chart.  I hope I followed all the instructions I have.  If this turns out, I should be able to post a lot more charts.  Thanks to the individual who gave them the instructions, if you need them, just message me.

[stockhorse10]

MA...as I mentioned tuesday...I sold my position Monday at 35.5 as I thought we might be in for another correction...I read yours an others post yesterday that your getting back in now...would it be a better option to get back in now or wait till after this merger for a long position...is dilution going to drag the SP down in your opinion?

[stockhorse10]

Should mention that my portfolio is 95% cash now and 5% HIP that I purchased pre merger that I either bite the bullet on and sell or let sit awhile which i think I'll choose the latter as they will more than likely be eaten up by one of the larger outfits at some point....looking at adding 3000 shares to a long position in CMED...any speculative input would be grateful....thanks!

[MartialArts]

Watch HIP.  As part of the whole CMED/HIP negotiations, CMED will be unloading a TON of HIP shares.  Look at all the filings on that one. As for the rest, watch my posts here.

[stockhorse10]

Thank you...i have been...i figured we were gonna drop some by the end of the week and that's why i sold My position..i re bought today at $35.10 and am holding right now as I'm confused with a couple sudden large spikes...GLTA..

[deet]

HIP is going to do just fine without ACB and CMED once legalization rolls around.  They've got $14 million coming into the company coffers (CMED break fee), have over $80 million bought deal financing, and two strategically located state-of-the-art growing facilities. As a HIP shareholder, I'm not worried at all. Time is on our side. deet

[Thryfte]

I believe MartialArts is suggesting that we keep an eye on HIP to buy it as it potentially dips with the selloff so we can ride the return. 

[MartialArts]

Frankly, I can't see how anyone can be bullish on HIP short term?  They were dismissed by ACB, the #1 growth by acquisition player on the cannabis markets. CMED clearly plans to sell over 22M of newly issued HIP shares.  That significant share dilution on HIP and a lot of new shares being sold on the market creating significant downward pressure for HIP in the foreseable future

[PROtrading]

And deet works the brokerage clowns underwriting HIP?!  LMAO!!!  Which one deet? HIP has a whopping 389.96 M Shares Outstanding with less than half released to the markets with 187.13 M Public Float. Newstrike is 433M in market cap for a mining junior company turned weed experts less than a year ago.  God!  Even ACB, which is the mother of all pigs, didn't want to

[oceaneleven]

PROGirlfriend, be nice to Deet now please & thanxs...DEET is respectable poster....

[PROtrading]

Let me guess, from Alberta too? Have you seen the number of shares that can flood the markets on HIP girl?  I'm sure DEET is a big boy who can address the matter at hand? Or does he need your "PROtection" mamabear?  LOL

[oceaneleven]

he has one of those special passes PRO..that's all LOL!!!!!!!

[PROtrading]

Oh a clownhouse columnist???  Well.....  Let's welcome him to the boxing ring then!  LOL!!!

[deet]

Thanks for that "eloquent" response. For a guy who calls himself PROtrading, you certainly don't sound very professional. At any rate, many retail HIP shareholders are happy that we are able to continue on our own....that we're not be part of any deal. I firmly believe that if everything falls into place, the way management envisions, we will be trading in the $3 - $ 4 range by

[PROtrading]

Yeah, that's an eternity in the future.  Fat kid HIP has a LOT of weight to lose! Are you at all connected to a brokerage frim deet?  Please answer the question and don't evade it. Also please lay out the # of shares CMED has and are planning to sell for HIP?   The "firmly believe" is WORTHLESS without facts buddy, answer the question and lay them out

[Thelonious]

so you think that HIP price will drop as CMED unloads them?   then pick up HIP at a cheap price hoping someone like WEED buys them?  

[PROtrading]

If HIP was good, ACB would have brought them in.  Intead they took the 900KG of current inventory and 1500KG deal CMED did with them and said "see ya".  HIP is stripped naked. HIP isn't worth anywhere close to $433M in market cap.  It's only there because idiot investors just look at the raw price and have no idea what the share count is. I don't know about

[oceaneleven]

SCYB was brought up to me when it traded under 5 bucks...I know a few that grabbed this..I was uneasy about it since it was pharm stock...and then I gave more thought when it went under 6 and then put it to rest...But what a stock run it had...when these little canadian stocks get adopted to the NASDAQ, they outperform....