Harvest Health and Recreation Inc (HARV)

[StevenRisk]

Going to hit hitif tuesday pretty hard for 20k if under .65 which I believe it will. Still believe this is a core for the next 6-9 months. Sold some holding 50k. Bought 1k CRLBF as IMO they will have very good earnings and probably going to hold going forward. Narrowing my holdings to CRLBF, HITIF, AYRWF(through lhsif conversion) and SHWZ. This is subject to change with news.

[JohnCM]

I like CRESCO. Always have.

Harvest remains the most undervalued.

Keep an eye on 4Front.

High Tide actually looks good here.

I would put GRAMF on breakout alert.

Watch for the new SPAC Choice Consolidation.

[StevenRisk]

I'm out. Decided to go with CRLBF. GLTA

[JohnCM]

I am going to do a quick analysis to see if there were any of my MJ holdings that were materially damaged by the "Reddit Run."

Sixth up HARVEST HEALTH.

Trend line $4.00

Current $3.87

Consensus - WAS NOT involved in Reddit Run.

[JohnCM]

Well, everything has certainly has cooled off.

RSI(14)

HIGH TIDE
62.00
HEXO
53.48
4FRONT
67.31
COLUMBIA
54.30
HARVEST
68.53

[GoldRu$$H]

Wise words John. I did nothing as well and this is certainly an eye opener for the future. I definitely need to sharpen my skills and recognize opportunity.

[JohnCM]

I don't know what has taken me so long, but I need to inject a little discipline into my trading model.

Every morning and that usually means around 5:00 am PST, I need to review the chart of every single one of my stock positions.

IF the chart is currently showing RSI(14) 80 or higher, I need to trade around my position. It does not have to be a set percentage. It can be any number as long as it is done!

I currently have 7,500 shares of Harvest Health. Looking at the chart, the second and third week of January, and the second week of February probably had days of RSI(14) 80 or higher.

I would take, say 1,500 shares and sell. And then look for a reentry point (under RSI(14) 70). Only this time, I would either pick up more shares or pocket some cash and replace the same number that I sold.

Tuesday morning, as an exercise, I am going to share the numbers before markets open 6:30 am PST.

JohnCM

[JohnCM]

Buying $3.75 shootin' fish in a barrel

[go blackhawks]

yep I can see Harvest in double digits

[go blackhawks]

more cowbell... i mean Harvest!

[JohnCM]

BUYING

[JohnCM]

I or we are not going to affect the market one bit. I try to inform investors IMO. Looking at High Tide, I laid out what I thought was a good gameplan in preparing for the ramp.

I was caught sleeping the last couple of days and nobody attempted to wake anybody up.

[nunaka]

I'm not sure what you mean by that, John. When tickers are going vertical for days on end, rsi's wound tight as a drum and everyone is all "to da moon", the last thing I'd do is to suggest anyone sells.. but I sell. And the element of dumb luck is a respected friend. I expected what happened today to happen tomorrow(Friday). Had I waited a day, I'd still have been in good shape but I'm much happier with how it worked out.

[JohnCM]

Where was the bullhorn? I did not hear it.

Not everyone was napping. I banked over 130K on bloated tickers yesterday,

[nunaka]

Not everyone was napping. I banked over 130K on bloated tickers yesterday, added to several positions today and expect tomorrow will present similar opportunities. I have another tranche waiting for HRVSF when it drops a bit more. GLTA

[JohnCM]

I have a question. Why was I not checking the charts of the ETF cannabis funds? When I heard Tilray climbed 50% why did I not take note of that? Tuesday and Wednesday displayed parabolic moves in the MJ sector. What are you supposed to do when you observe that? You are supposed to sit on your thumbs and admire your green portfolio?

Or do you recognize a parabolic blow-off top?

You do not sit on your thumbs. You SELL. You trim. You take profits only to use elsewhere or reinvest lower.

Did I check the RSI(14) numbers of my holdings? Were there any 80's? I wouldn't know because I was not paying attention. Why? Because I was drunk with green. Why touch anything if all my stocks are going great gangbusters?

TRIM!! Liquidate 20% or more of your holdings. They aren't going anywhere. They will be there to buy back later. And so what if they continued to climb. Do you feel bad when you take a profit and leave money on the table? Get over it. That is a human emotion. We want it all, don't we.

Wake up!!!!!!!!!

Thank God most of my holdings were down only 5 percent. The two 10 percenters were High Tide and HEXO. I bought more this afternoon of every single one of my holdings. I should have lightened up Wednesday afternoon when things were going crazy and Reddit was flying off the shelves.

[GoldRu$$H]

Smart move for sure.

[JohnCM]

This morning I have been adding, adding, adding ...

[Jeans]

https://www.cnbc.com/video/2021/02/10/analyst-on-the-cannabis-stocks-most-vulnerable-to-a-short-squeeze.html

Doing a quick computation, using semi-annual numbers (from Balance sheet 6/30/2020) I calculate the EV/Revenue as roughly 11.74.
Can anybody confirm or correct this?
Thanks, new here.

[TheRealBigduke]

Anyone know the ER date?

[BuyNHold7]

This has to be the most undervalued cannabis play out there. If HRVSF traded on the NASDAQ, this would be a $20+ stock. But since you can’t buy it on Robinhood, the Redditors don’t know this company exists.

[JohnCM]

Every MJ stock has been a 5 bagger off 52 week lows.

[GoldRu$$H]

I agree with you there, Q1 2021 will be a breakout report, but just comparing Q3 2019 to Q3 2020 is outstanding. We have to be close to having the Q4 2020 financials out very soon.

[StevenRisk]

While they will be much improved it is Q1 that will change the outlook on this stock. However IMO, we are so close to take off right now. I said today but certainly this week $4.50+ IMO

[GoldRu$$H]

Aurora has really moved over the last 5 months or so from its 52 week low of 3.71 to it's current 21.60 level. That must have been a fun ride for those holders.

[JohnCM]

HEXO and Aurora are about to turn the corner. Both a bit rich.

[GoldRu$$H]

I agree. With their revenue and at least 37 dispensaries in 8 states, this MSO is underpriced from what I see in the market. I am looking forward to Q4 financials, that may be the tipping point and send this one off to the races.

[JohnCM]

One of the very few underpriced left.

[GoldRu$$H]

I will do my best grab as many as possible before $5.

[JohnCM]

Just make sure you buy before $5.00

[GoldRu$$H]

Indeed it is. For selfish reasons I hope it stays under the radar for a little longer. I have some work to do to build up a position.

[JohnCM]

Still one of the few remaining underpriced issues.

[GoldRu$$H]

I have got me a starter position of HRVSF. I have been on the sidelines since before the Verano fallout, and sure wish I started earlier with HRVSF. But I was able to get into some other solid cannabis plays during my time on the sidelines with HRVSF. I am glad to be here and have high hopes that HRVSF is going to be a big player in the cannabis sector. I am looking forward to building on this position weekly.


02/09/2021 10:02:49 Bought 122 HRVSF @ 4.09

[JohnCM]

[StevenRisk]

Going to call it. A break out tomorrow as we have consolidated enough.

[JohnCM]

Love it. Buying in the 3's still a bargain. $5.00 should be easy. Top 3 favorite. Next quarterly should attract some attention.

[StevenRisk]

Stairstep has looked beautiful here. Close above $4.10 tomorrow should be almost a gimme is what the volume has been saying. Need blow off top and it is not yet here. Thoughts?

[JohnCM]

[cootcat]

John this nonsense have a good night and good luck.

[JohnCM]

My opinion is only as good as my portfolio's performance.

[nunaka]

Oh my, you poor thing...sarcasm is not that difficult a concept to gasp. Well, I guess for some it is....

[cootcat]

JCM don't know if your straight shooter, don't know. I have read some of your stuff on several boards. Some was good information or opinion. Every one has their own opinion. My opinion is if you want be better then me, OK I am long on Harvest Health, Cresco Lab, and Medman

[JohnCM]

[StevenRisk]

Looks primed to run again IMO.

[JohnCM]

Tongue in cheek my friend, tongue in cheek.

If you follow me at all, you will see that I am a straight shooter.

[cootcat]

JC.....OK... If that what you believe. And there a lot of people better then me, most likely most of the people on this boards. If you don't believe me ask my wife.

[cootcat]

SR....OK

[JohnCM]

I believe I responded to a post by someone who shared the number of shares they are holding. My response to that post was the number of shares I am holding.

And yes, I am better than you because I have more shares than you.

[StevenRisk]

That was me. Full disclosure. Your here for missing PR's or stores. Anyone who buys shares or invests in any company should do there DD and certainly makes no sense for someone who claims to have no interest.

[cootcat]

JC maybe you miss the point. does anyone care how many shares you have or gone buy. I am on these boards seeing if miss any stores or PR. People who tell how many shares they have or going to buy are just pumping the stock or trying to make them self look better.