Newstrike Brands Ltd (fka HIP)

[doogdilinger]

I learned the hard way that if I'm unhappy with an investment to just sell it and move on instead of letting it bother me if it goes red after I buy it because no-one has perfect timing in the markets.

You could've loaded HIP up at .40 cents three months ago for example and been up approx +90% over the majority of these past several weeks instead of -33% red as you're currently sitting.

And if you weren't prepared for any downside after buying in, then I suggest just setting tight stop losses and taking a quick 5 or 10% haircut every time out so you don't have to endure any consolidation that may arrive after you buy any Pubco you don't want to get caught in.

I personally believe that there's tremendous upside for all of Canada's MJ plays over the course of the next couple of decades...but even I set stop losses on all my investments in the event that my timing isn't perfect which more times than not is usually the case a lot more than most are prepared to admit.

The good thing about HIP moving forward is that their revenues are obviously growing now that the Canadian commercialization era has begun...so personally speaking I'm not concerned about the future growth prospects here but everyone has to trade/invest according to their own personal methodologies and strategies they choose to adhere to glty