Newstrike Brands Ltd NWKRF

I'm out

[investry]

Sold my HIP today for a handsome profit, as I bought in at .60 on December 28th. Never in my days have I seen a stock increase so quickly and with no NR. Can't seem to understand what is sustaining this madness but madness itself. The company is overvalued at this point and I hope people don't get burned too much on this one. This company won't make any money over the next half year while other marijuana stocks do. Aurora will be the winner and sleepers like QCA who buy great companies at prices us peasants can't do.

[WeedMadeMeRICH]

This post has been removed in accordance with Community Policy

[investry]

I agree with you. But thing to keep in mind... this is like the .dotcom boom. During that era (not sure how many of you were there) companies would become worth $1B overnight and without any sales or product... that's like HIP today (the way I see it). There will be billion dollar companies and foreign investment changes the game as well.  It's like crptocurrency... the technology

[domdom03]

hip announced they got approval to double there production space in lincln ontario, they got approval to produce dry weed from government, i find it puzzling that with this deal with cmed for next to nothing, this stock still shines, way above that the deal was valued, does anyone think that this deal would be void. they did sign agreement to supply cmed with weed though. any comments would be

[Underwhelmed]

The deal is only "void" if majority of HIP shareholders voted no on those cards mailed out a few weeks back. If majority votes yes, then the terms of the agreement in November still stand. You can not simply change the price or terms of agreement, it is locked in when negotions start. 

[domdom03]

again my question is , with the deal 33 shares of cmed for every 1000 hip shares, all hip investors will lose there shirts, if it was a really done deal this stock would not have climbed like it did. maybe there might be a clause nulifying the deal or reworking it. with all there announcements recently and legalization fast approaching this could be a big money maker

[commeilfaut]

i already did post about this issue. The deal will change or no deal ! if you do read the news properly you shoulkd be able to find out  by yourself but as  wecan all see no one on this board read the news and takes timet to think. At this point there's aboslutely no reason to sell! now we'll see how it goes tomorow 1 you guys have to take it day day and not sell based on

[Underwhelmed]

How will the "deal change" you can not change a deal without shareholder approval. The voting cards were sent where shareholders simply voted yes or no to the CMED deal from the November negotitions. You can not enter agreements or negotions with hypothetical share price numbers. You make an offer and stand by it. 

[commeilfaut]

go back there and read the news properly just do that and you'll find out. Is it too much work for you?probably i guess....

[audreyholly]

As someone mentioned this is very much like the dot.com bubble. indicators are bullshit. No one can time the market and I have been doing this for twenty years. Good luck.

[Trini2dbone]

I sold because I am a trader, and to make a profit, and to sleep well at night. No one ever lost money by taking a profit. I can get into and out of this stock 5 times a day and make decent profit every time.  I also sold 25,800 shares at $2.95 today. Who knows, tomorrow I might pick some up higher or lower than that....but at least today I pocketed $36,000 profit in just 2 days. I don't

[brad753]

What do you mean no NR? They got their licence just a few days ago.. 

[commeilfaut]

this guy did not even read the nr and he sold! then he comes on this board telling there's no news! what an idiot!!