Post by
mathandmass on Nov 14, 2018 11:05am
Poor timing - that's all
Hip investors didn't get a chance to make any significant money this year (except a few lucky penny flips) just due poor timing and lackluster PR. Now people are divesting from the sector as a whole. The bubble is deflating, as it should. It will be more difficult to make money in cannabis sector because it is fair game from now on - revenues or bust. No more hype and selling dreams. I would NOT chase the price in the next 2-3 months. Especially on the big names. Disparity between what's real and the SP is too huge. You might make some money intraday but the risks are hardly worth it. The general movement will be down for a while. As for HIP, if you didn't sell in the 80s, I would not sell now. Just freeze it till April and see what happens. No point checking it daily.
Comment by
Ifallo on Nov 14, 2018 11:17am
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Comment by
EagerBeaver1972 on Nov 14, 2018 11:21am
Fair enough, but there will be upticks as the Niagara facility gets going. For the next two years the value of these companies is heavily dependent on production. Later on when it gets more competitive it will be about production costs.
Comment by
silkroad007 on Nov 14, 2018 2:32pm
This is why HIP has 90% chance of upside and 10% downside risk IMO. Revenues, brand, agreements, cash in bank etc etc. as you stated FAIR GAME and its revenues or bust.
Comment by
Matteo1234 on Nov 15, 2018 12:02pm
Good idea. You can't getting clamping without doing pappin. 80 cents will catch you lagging. Could get you to body baggin . Stop and do a half spread. With the lowdown. Second candle from the heart. thanks again for your time and consideration in this matter.