Post by
mathandmass on Nov 09, 2018 11:06am
What my butt, I mean gut tells me
Tier 1 pigs are so overpriced that no one wants to hold until they are some sort of financial fundamentals. And you can't really blame them. Is Canopy worth 60? Maybe. Is it worth 20 - might as well be. Everyone looks up to the top 5 and sell the rest when those are shedding weight. Discrepancy between Tier 1 and the rest of the cohort is really unhealthy for the sector.
Comment by
turtletrader on Nov 09, 2018 11:27am
The whole sector needs to be rebalanced. Tier 1 are overvalued. The rest are simply ignored until we hear from them.
Comment by
mathandmass on Nov 09, 2018 12:59pm
I am not sure how it can be rebalanced. Too many people are day trading and no, they are not day trading HIP. They do it on Canopy, Aphria, Aurora, etc. They only amplify those swings. It's not their fault too - they are good companies, it's just that people treat them like Bitcoin. Purely speculatively.
Comment by
blobboy on Nov 09, 2018 2:14pm
DEAD ON.....I`ll gladly book a g-note a week in my TFSA. This approach may be scrutinized by the CRA soon though. I`ve read that they are looking at taxing the day traders who hide in side their TFSA account, still need to clarify the criteria that separates the day trader from the investor but expect changes soon. The Feds are not going to miss out on a single penny of tax revenue.
Comment by
Jack4000 on Nov 09, 2018 2:41pm
This post has been removed in accordance with Community Policy