Post by
bluejay100 on Sep 25, 2018 8:16pm
When to get back in...
... is the question I am grappling with. The stock is down 15% since I exited, but I think I need it to go down another 15% from here to tempt me back in. So basically not far off 52W lows. Is that a possibility? TBH I cannot see it going down much below 9, but you never know. The challenge is that if I get in at 9, it could be years before I see a decent return. At closer to $8 bucks at least there is more upside.
Currently 60% up on HEXO in the cannabis space, and I am coming to the conclusion that this deserves more of my investment dollars - it still looks undervalued to me, even when leaving aside the likelihood of a buy-out soon.
Comment by
talladega73 on Sep 26, 2018 10:30am
Bluejay this a difficult stock to trade because there is so little in the way of press releases and the next financial release (3rd quarter) is not till early December.
Comment by
bluejay100 on Oct 05, 2018 11:46am
So true. I am counting on tax selling season bringing this into the mid to upper 8's. There must be a lot of investors sitting on losses and thinking it's time to cut and run. Even the December results won't tell us much as the year really hinges on Q4. So glad I got out at 11.46. If we get to 8.46 I am back in!