Newstrike Brands Ltd NWKRF

Euphoric investing and trading

[MartialArts]

I'm looking through the sedar filings for Newstrike Resources.  Do most people know that less than an year ago is was a mining company that divested itself of all its mining assets to get into Cannabis?

Pull them up and "competitors" are listed as:

Competitors HIP

Company	Change	P/E (TTM)
Golden Goliath Resources Ltd.	-	-
Globex Mining Enterprises Inc.	-3.45%	-
Gungnir Resources Inc.	-	22.64
Slam Exploration Ltd.	-	5.33
San Marco Resources Inc.	-3.23%	-
Imetal Resources I Inc.	-11.76%	-
Cobalt 27 Capital Corp.	-2.16%	-
Caledonia Mining Corp. PLC	-	8.00
Pele Mountain Resources Inc.	+7.14%	0.68
Kutcho Copper Corp.	-7.59%	-

This stock has tripled in five days.  So I want to be able to make some money but I'm not holding it.  So the best way I can think of is either buy CMED or short HIP.  But I would only do it to "test" because it could triple again in the next five days.

This sector is on fire and it seems like a big 420 party!  I want to borrow some and pay for it later!

[Extalliones]

Yes, it was a mining company that sold all of its assets and got bought out as a shell company.  Happens all the time as it is MUCH easier to purchase an existing shell company that is already listed publicly than it is to start one from scratch (which is generally a 6 month process at minimum). 

[MartialArts]

Right,  from nothing 9 months ago to a 93 cents a share company because of a planned merged with an established player, CMED to now $3 based on what?  I would guess that the already locked up 227M shares voting for the merger with CMED won't get too rattled by the short term spike because the offer is fixed at the corresponding CMED shares.  What we are seeing here is pure dot

[WeedMadeMeRICH]

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[acedabjuly2018]

Thanks for posting your research and thoughts, i enjoy reading what you have to say.  This pot market is total emotion, which is fine, if it works,then great.It's not a regular market where earning come into play,times are changing i have to admit, the new generation are changing things we have to accept that. Until we get some solid annual earnings reports, or quarterly in some cases