"Wise men learn more from fools than fools from the wise"
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As long as no economic disaster/headwinds over next few weeks, this should trend back to the $10 - $10.50 area where it was before. The short covering could get us to $11s as well.
To go higher, we will need more talk from management that they have turned the corner on FCF.
2020 could be a banner year for GE as long as no deep recession. $15-$20 more than attainable IMO.
Stock has too big of a float for a monster squeeze, but it will provide a nice tailwind.
This is what to make of it: Stock was trading mid $10s before shorting crew knew the bogus report was coming out and tanked it to $8. Market has spoken and the report isn't gathering steam as hoped by the shorts. So the market had company valued in mid $10s. Now add there is a sizeable short position that will need to cover makes a nice tailwind to recover.
Shorts are getting deeper and deeper here. Will be interesting to see what breaks them down.
This must be the OTHER Tom Trady because the first one swore he was leaving the board.
Got this back already from IR:
https://www.bloomberg.com/news/articles/2019-07-30/hexo-and-investors-shrug-off-friendly-bear-short-seller-report
Anyone seen this and concerned?? Maybe Tom works for this guy? I am giving this to IR to respond..........
https://friendlybearresearch.com/2019/07/29/is-hexo-the-next-canntrust-snapchat-advertising-may-run-afoul-of-health-canada-regulations/
THoughts on the last post, Derk?
Rode this train all the way down and I must admit, for the short term, it is difficult to watch.
Panic city in MJ and especially HEXO right now. Need a good purge before the bottom and bounce.
Hard to watch however, I must admit.
I hope not. I am long shitpots of this in the 7 range. This one is getting hammered worse than the others I fear because of the aggressive numbers put out by the Company.
I'd rather put out conservative numbers and beat them handily then put out huge numbers and just meet, or worse yet, fall short of own stated expectations.
The whole sector has taken a beating last 2 months.............
At this price, HEXO becomes a buyout candidate. Mass exodus way overblown. Company said flat quarter and that's what it delivered.
I love these investment banking firms that downgrade AFTER a 30% drop. Pathetic.
Lets hope this is a confirmed bottom and back to new highs.........
Time to turn the monitor off for a week or two. We are in the HOUSE OF PAIN right now. Didnt think that Q was that weak for this sized pullback. Every support level getting crushed.
Stock Oversold on RSI. Hoping this is bottom and tech traders bring this back up.
This feels like speculative $$$$$$$$$$ coming out and chasing crypto again. The whole MJ sector taking a hit, and the market worries are not helping whatsoever.
Funds will wait until the daytraders all panic out and get tired. Then they will accumulate.
Day traders will be selling, but funds that can't invest in OTC/TSX stocks will absorb IMO.
Looks like the 7.30 support became resistance. Need a good push...............
Broad market sell-off broke our 7.30 support. That created further selling this morning.
Holding tight for long term gains.
This is a broad market sell off drop, not company specific.
A responsible share structure, that's how.
The whole sector had a pullback yesterday...as I said, chart needed a cooler as RSI was approaching overbought.
Stay the course. Profits to be made for those able to suffer the swings.
Yes he did. Looks like chart is cooling off here and hoping 7.50 holds as new support.
The last analysts to the party are the one's that get killed because there are no other people left to buy.
The first ones on a stock are not selling when the worm turns (ie, some of the lesser known MJ stocks)
This does not justify CGC's market cap...............yet.
Exactly my point.
Analysts would be fined and banned by SEC etc if they did what you are inferring.
What I can say, is they could be preloading before their recommendations....but if they sell into it, they would be in big big trouble.
That's in the penny world. Not the big boys, c'mon.
I'd be careful of predicting this Q. Most cannabis companies have missed and it seems industry wide, not company specific. Long term I think a screaming buy here but don't look at this Q, look at where we are going moving forward.
Chart is definitely a falling knife. But this is based on uncertainty and shorting. People know there are no interim short term saviors that can save this in the near future.
The stock did get an upgrade today, so they obviously believe.
This one will begin to look like HEXO once uplisted and financial institutions take positions.
Many thanks.
Looks like this will be a bumpy ride until approvals. Long term buy.
Today was a day to consolidate and rid ourselves of some daytraders. The RSI also was a bit overheated so the chart needed a breather.
Eventually, if they continue to execute their game plan and do so strategically.
Der, thanks so much for your reply. You obviously have done serious DD on this company.
What is your timeframe as to when and if approvals can be received and Apple handcuffs come off?
This quote does not prove FCC denied them anything, its commentary. Let's see the proof.
But I am not looking forward to the CC tomorrow which I will assume will say products delayed yet again.
Clay would have no effect on this stock as the investor base on this one is wayyyyy bigger than the Ihub crowd.
Let's keep the pump machine out of this board. Slow and steady will win here.