JohnCM Investment Corner

[JohnCM]

High Tide Inc. (HITIF)

NOBODY KNOWS ABOUT THIS STOCK!!.

A huge day and only 2 messages on the discussion board.

Everyone is oblivious to this stock.

Which is good!!!!!!!!!!!!!!!!!!!

NOW I WANT TO WARN YOU!!

When all of the fanboys spot High Tide and drive it up. When the volume increases and the chart becomes parabolic.

When the RSI(14) hits 100. (It may have today, I'll have to check.) When these things happen. Keep an eagle eye on the chart and the price.

You want to JUMP OFF or lighten your load at the top!! Because the steep ramp, the parabolic move will not continue. The price will fall off a cliff, find a bottom and slowly resume its move, BUT at a MUCH slower pace.

My initial guess is the "ramp" will last 3 to 4 days.

I am just going to throw out some numbers without spending time, as yet, on this. Let's look at the buyout Liberty Health.



$0.40 to a buck. Now, I know this was driven by a buyout by AYR, but what if High Tide makes the same move, but drops because the is not supported by the buyout price floor?

Let's say High Tide at $0.30 makes the same 150 percent move. A 1 1/2 bagger is $0.75. Would you be happy selling at $0.75 or would you be a pig and get slaughtered? Bird in the hand? Or two in the bush?

My basis is $0.17. Would I be happy selling at $0.75? A 440 percent return? Yes. So, with 100,000 shares you place 10 limit orders.

SELL

10,000 $0.50
10,000 $0.55
10,000 $0.55
10,000 $0.65
10,000 $0.65
10,000 $0.70
10,000 $0.70
10,000 $0.75
10,000 $0.75
10,000 $0.75