Bullboard - Stock Discussion Forum Newstrike Brands Ltd NWKRF

Healthcare Biotechnology Cannabis

"Newstrike Brands Ltd is a licensed producer and cultivator of medical cannabis based in Brantford, Ontario. The company cultivates and sells both forms including dried and fresh marihuana."

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OTCPK:NWKRF - Post Discussion

Newstrike Brands Ltd > Re: Break Out in the Complex...

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Post by StopTheInanity on Jan 28, 2019 12:20pm

Re: Break Out in the Complex...

...keep the faith, longs, breakout is here...

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Comment by quinlash on Jan 28, 2019 12:41pm

I can only see level 1 today but it looks like we're likely to hit .54 today. Over 200k bid at .53 and only 34k available at .53. Buyers are having a harder and harder time getting shares in the lower .50's. We know we have the QTR report coming soon and a likely update on the doubling of production with the new facility coming online. Still early in the day / week but I'm thinking ...more

115

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Comment by StopTheInanity on Jan 28, 2019 1:09pm

...if I had a short on right now, in this name, I would be nervous...the money to be made, from the short side, was last year...not now...IMHO

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Comment by mozzarella on Jan 28, 2019 1:26pm

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Comment by quinlash on Jan 28, 2019 1:37pm

Shorting a stock this far below its 200 day average would be a serious gamble, far more risk than reward, especially with NRs pending. I doubt we have any experienced traders rolling the dice on shorting right now.. JMHO

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