This is my point of view (the title).
I choose a company that I like plus is better for any reason compared to its concurrency.
These are my fundamentals.
HEXO has the highest quality products out there (leader everywhere) for a lower price than the black market (street price)! This alone is unreal, very good. The company is vertically integrated (just like Tesla) also an advantage.
And as they say "make no mistake about it" the marijuana boom is coming!
The acquisition lately was bad in the short term (hence liability) but it's good on the long run. Sebastien built up this crazy awesome firm during the last decade, now it's time for him to rest and enjoy the products, but this also is a reason for the price drop. Now can start a new era of HEXO and a huge success in the future (open highway ahead) as they will expand further out (not just Israel and a few other places) but everywhere. Huge upside potential! $$
Technicals: Look at the past 10 and/or past 5 years of price levels, consider full TA (for example there is a bullish divergence now for the RSI and MACD going up while the prise consolidates/corrects lower), look at volatility, detect market symmetry and compare it all to the SPY and other stocks that went up a lot lately. And the lower the actual price is the more shares I would buy. Also take the opportunity of any dip/correction to buy more. So, just accumulate.
I also own LMND, TXMD, U, IVR, BB and some others and made a lot of profit on LXRX, NYMT, CDEV, AMC, GNW and some others.
My first (and only) 2 ideas, -back in 2019- were TSLA and BTC, but the "big boys", all the respected & knowledgeable ones talked me out of them (just so you know). I learnt a lot since then and gained experience too. My aim is to have only long term investments and not worry about trading and about the current market conditions.
BTW lastly, an important fundamental factor that I always have in sight with my companies: their products and/or services will or will not be relevant during the upcoming years/decade _regardless_ of market conditions, pandemics, Metaverse, climate change or any news and/or expected or unexpected situation that otherwise could have an impact on the SPY. The answer should be a yes.
I choose a company that I like plus is better for any reason compared to its concurrency.
These are my fundamentals.
HEXO has the highest quality products out there (leader everywhere) for a lower price than the black market (street price)! This alone is unreal, very good. The company is vertically integrated (just like Tesla) also an advantage.
And as they say "make no mistake about it" the marijuana boom is coming!
The acquisition lately was bad in the short term (hence liability) but it's good on the long run. Sebastien built up this crazy awesome firm during the last decade, now it's time for him to rest and enjoy the products, but this also is a reason for the price drop. Now can start a new era of HEXO and a huge success in the future (open highway ahead) as they will expand further out (not just Israel and a few other places) but everywhere. Huge upside potential! $$
Technicals: Look at the past 10 and/or past 5 years of price levels, consider full TA (for example there is a bullish divergence now for the RSI and MACD going up while the prise consolidates/corrects lower), look at volatility, detect market symmetry and compare it all to the SPY and other stocks that went up a lot lately. And the lower the actual price is the more shares I would buy. Also take the opportunity of any dip/correction to buy more. So, just accumulate.
I also own LMND, TXMD, U, IVR, BB and some others and made a lot of profit on LXRX, NYMT, CDEV, AMC, GNW and some others.
My first (and only) 2 ideas, -back in 2019- were TSLA and BTC, but the "big boys", all the respected & knowledgeable ones talked me out of them (just so you know). I learnt a lot since then and gained experience too. My aim is to have only long term investments and not worry about trading and about the current market conditions.
BTW lastly, an important fundamental factor that I always have in sight with my companies: their products and/or services will or will not be relevant during the upcoming years/decade _regardless_ of market conditions, pandemics, Metaverse, climate change or any news and/or expected or unexpected situation that otherwise could have an impact on the SPY. The answer should be a yes.
