TSX:HEXO.W.A - Post by User
Post by
Keeleron May 28, 2023 1:11pm
155 Views
Post# 35467887
quinlash crystal ball is all cloudy - but it says sell.
quinlash crystal ball is all cloudy - but it says sell. Post by
quinlashon May 26, 2023 12:16pm 
82 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.
'fart and burp'? Hexo's share price has dropped 99%, you think a minor set back? You are NOT competeing against anyone - your Hexo share price is irrelevant - it will convert to .435 of Tilray's price. Hexo wont exist in a few weeks - why are you keeping your Hexo share price as low as possible, waiting for the market to turn around?
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.
Given the Tilray conversion rate is lower than Hexo's current share price, and that Tilray dropped .65 cents or over 20% - you can now sell your Hexo shares and end up with more Tilray shares if you dont wait until the conversion date. Holding your Hexo shares is delusional denial of reality.
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.
Materials aside, EVERYONE already knows Hexo has no choice - and your 'reading over the materials' from the company should take less than 5 minutes (if you get someone to help you with the big words).
Combined sales are as poor a judgement on the acquisition as it was when Hexo acquired Newstrike, Zenabis, 48N and Redecan - when you posted that combined sales would be $624 million. It's the bottom line Net Profit or Net Loss (and cash flow) that is the key here - you and your guru's SSL and Simple Simon dont have the capacity to comprehend this.
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.
And how has your 'patience' rewarded you exactly - Newstrike, expired Newstrike warrants, bankrupt Zenabis, Zenabis warrants, HEXO??? If youw ant to be long - take lithium or US MSOs, not failed Canadian cannabis stocks. How can you post such a nonsensical statement when your strategy has failed time and time again.