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Newstrike Brands Ltd (HIP)

TSXV
Currency in CAD
Disclaimer
0.5900
0.0000(0.00%)
Closed

HIP Comments

Hexo buying newstrike
Is this stock any good ?
Its getting more and more difficult to see through the hazy smoke that has been developing with most of the Marijuana Businesses.
$80 Million Financing has been completed today. I have a "spark" of hope after reading complete article... . https://finance.yahoo.com/news/newstrike-completes-previously-announced-80-135842250.html
At the time of this writing, Dow Jones down 11%. Can this be the bottom of the correction? I'm hoping so. DJ @ 23,727.00.
Because of the markets are in this jittery mode, i would expect a high probability that we will see this stock to follow suit. When the market settles in a direction of length, then we perhaps see a resolve to this Company's true performance.
I believe IF the market continues to come around the next support is around $1.40. Please don't take my word for it. The DJ could crash again. Dont know the time limit for this, but know if it keeps going UP, then support should be near there. Due diligence everyone. Use your own tools and line of info from others sources.
If anyone into Fibonacci retracements and chart analysis. We are near 23.8% Fib retracement, with support. the RSI , 14 day is 44, and flat, CCI is -110 and flat, WM% is -94 and also flat. Just FYI
Would you mind rephrasing that in layman's terms?
  Fib retracement is an analytical equation where everything in life is in cycles. Stock market no different. Looked at previous lows/highs and using the tools on chart analysis, comes to a support. Another words to a previous period in time that It held support here..  RSI, exactly what it says relative Strenght in any stock..  CCI, Commodity chanel index, down to -110 oversold.  WM% again oversold @ or near -94.  Todays stock price at close. has reflected that, and reversed. !!
Thanks for the crash course. Going to have to dig into this a bit more to get a better understanding.
Dow Jones in correction, especially today, down $1175.00 in one day.Its perhaps down 8% from the high last week. I would call this an official correction. As far as Newstrike, keep in mind what the other ones did. CMED, ACB, ***** MJN. They all slide last week and just tweeked an upward trend today .All of these suffered losses because of a general downturn in  the DJ. I rebought some today @ 1.0445, to average out. My previous buy was $1.48. As you can tell my belief is that when the DJ turns back up so will this above mentioned. Just MY feeling. I'm still positive. I'm going with my gut, but everyone due diligence. I still feel they are in a buy-out position somewhere down the line.
If this company gets bought out what does it mean for people who have money invested in this stock ? Should I take what I have left and deal with the loss before I lose everything or wait it out I've lost 60 % aswell
I bought this at $2.89!!!. I lost 60% now. is it getting back up?
WEED, ACB, HIP, CMED, MJN, all down, due to TSX and DJones being down ?
Yep
All other hemp companies down in todays trading, markets are down today. I still believe that HIP is going to be bought out. They were recently financed a few days ago, by ? forgot the Financiers. If you use retracement we are at or very near 38.2% retracement.. Next support up is $1.80. No idea when thought. Downside support @ just over $1.00
HIP is up 10 cents in premarket to 1.56
Anyone think that Newstrike will be bought out from Aurora ?? Since CanniMed was going to buy Newstrike, before they signed the deal to be bought from Aurora? Interesting situation !!!! I bought Newstrike @ $1.41, this a.m. after it was opened. First thing this a.m. the stock was not selling, One wonders.
It will be alright, it will rebound either way
Great gains.
Wouldn't wanna be the guy who bought in at 3.30, though.
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