Newstrike Brands Ltd NWKRF

What to do?

[NexToronto]

This stock seemed promising when I first bought at 1.85 (same day it surpassed 3 dollars) and now it's a total crapshoot.

If Cmed acquires newstrike then my stocks woudl be pretty worthless however rumours seem to be that it's likely not to happen. And if it doesn't happen I'm not really sure how this stock will hold up in the long run.

Had a lot of faith in this company in the first week and thought they would be leaders in this space and not bend over to the bigger companies however things have been looking bleak in the last week or so. 

Does anyone have faith left that this stock will turnaround?

Is anyone planning on dumping this stock today?

[jaker420]

Tough call brother, Im in the same boat and bought higher, at this point Ive missed the peak sale so im going to see what happans, honestly it might go down in the coming weeks ( like alot of other pot stocks have the same trends so not overwhelmingly alarming to me ) but if you keep your money in I think you can re-coup in the long run. im no pro tho

[Luvtheleafs]

Nice to see an honest, civil post for a change. The way I decide is I ask myself two questions.  Can I afford to loose the $ and live with it because let’s face it, there are no guarantees in the stock market. Secondly, am I sleeping at night? If you answer no to either...then sell. Of course, there is a strong tug of war with the desire to recoup your loss, or win big which tends to make

[Crackwood]

You are totaly right………………hope and emotions is the mother of troubles.......get educated like a day trader with technical analysis @ and do DD……………you stand a better chance of sucess…… know the difference between a bear and a bull……………

[Swampcat27]

technical analysis is over rated and only part of the process....understanding the market and the masses is another....

[Luvtheleafs]

I know there are some hard core people that will disagree with me but, in my experience,Technical analysis (TA) can be a good tool for established, predictable companies or broad market indices that follow certain trading patterns. It does NOT work well at all with emotionally turbo-charged sectors like the weed industry. Gold in the 80s is another good example where TA was next to useless. 

[bepositiveTA]

Absolutely I have trying to explain this since long put post to explain how they can calculate there shares and price .........but the discussion is still on................... After merger or acquisition there will be no HIP share it will be CMED and your profit and loss depends on CMED. shares.

[Swampcat27]

im in...but then again, this is my first trade as a "green" newbie . However, i have 1000 shrs @ 3 bucks  FYI  which may be peanuts to some who have more at stalk , oops sorry,  at stake...  

[Swampcat27]

dont forget one of the Golden Rules of trading...   are you ok with the lose you may  incur.

[Swampcat27]

...loss...

[NexToronto]

Not really. I was hoping things would turnaround however I have a feeling today will be a continuation of yesterdays drop. I was surprised to see the drastic climb monday but then tuesday was a total s**t sandwich.  Anyone out there have high hopes for this stock still?

[surveyor2582]

The price will go up quickly if the deal is dead. We shoud partner with Invictus Md. or go it alone.

[Frank5890]

If HIP was acquired by CMED, its price would drop more following CMED price. so it can't happen

[MNK3240]

Mid it happens, there will be no more HIP, you will owner of CMED.

[jaker420]

I also belive the poster who said the price will rise once the deal is dead is correct. it may drop again today tho tbh 

[PMPVV1]

I'm not invested in the company at the moment, because of the uncertainty. This company definitely has a lot of promise because it has a license and production potential. There are two things to weigh in on: - has the MJ sector finished its correction (seems like maybe, all stocks may rise) - is this deal going through? - is this deal going through at the previous proposed terms? Honestly