quinlash tells longs to be patient. Everything will be okayYou are in absolute denial quinlash.
There's nothing wrong with a 'long' strategy - but when your favorite stock has lost over 99% of it's value, does it not occur to you that in Hexo's case - it's a pitifully failed approach?
I mean, seriously - you think your long approach has done better than the day traders - and shorters? You're delusional.
And you post below that you think it's actually a 'positive' that Tilray's share price dropped over 20% today??
So now you'll get $1.10 per share at conversion for your $1.39 Hexo share?
And please - explain your rationale that you choose to hold a Canadian cannabis stock instead of a U.S. MOS while youw ait for U.S. legalization?
It's so nonsensical that it's comical.
Sure - you just wait until the financials are combined - just liek you did for failed Newstrike, Zenabis, 48N and Redecan acquisitons, look how well Hexo did with their failed growth by acquisition strategy.
Pateince in investing?
After a 99% loss - lomg is spelled 'l-o-s-e-r'.
Post by quinlashon May 26, 2023 12:16pm 58 Views Post# 35465916 RE:RE:RE:My Crystal Ball was right
I am not inclinced to daytrade and chase every fart and burp that a SP may make. I noted several times that I invest long-term and holding for US Legalization of Cannabis. I am only competing against my own average cost per share which I am keeping as low as possible for the eventual point in time when the market turns its attention back to Cannabis stocks.
In terms of regretting not selling HEXO to buy Tilray... Tilray is actually down today so no, I have no regrets in not taking a loss on HEXO yesterday just to see my Tilray shares drop today. If I should purchase shares in Tilray it will be with new cash and not from letting go my HEXO position.
I am reading over the materials form the company and see myself following the recommendation of the BOD and voting in approval. Once the two companies are merged we will start to see what the QTR reports have to say about the combined sales of the two companies and what improvements actually exist on the expense side.
The markets favor those with patience and tends to be hard on those who lack it. If you are playing based on the thought of "getting lucky" then I would suggest doing as much research into how the market works as the more you know the more your "luck" will increase.