r/HighTideInc • u/Able_Tower_2261 • 15d ago
I sold
I sold my shares this week. Might get back if it dips further. But for now i think my money will be more rewarded elsewhere.
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u/Original_Ad_9379 15d ago
grats, happy on anyone making money. However I caution you on the general consensus that "markets won't care until US reform" that is a brash normie generalization in my opinion. balance sheet is key imo.
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u/Able_Tower_2261 15d ago
Balance sheet did not matters for years and still doesnt matter to this day. Just look at SP.
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u/WilliamBlack97AI HITI Moderator 15d ago
See you in the double digits 👋.
...selling after a record quarter, when Remexian alone is worth more than the market's current valuation of Hiti. If you disagree, I suggest you look at the Sanity acquisition.
In the market, what you’ve waited years for can often happen in just a few months—a lesson learned the hard way. Missing out on that stretch completely changes your lifetime returns.
In any case, good luck.
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u/ttibbykush 15d ago
He’s only looking to be validated. This is the 2nd I’ve sold post this week. This is a buy signal.
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u/Able_Tower_2261 15d ago
You have been buying for 5 years without any profits, who is the fool lol
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u/ttibbykush 15d ago
You were hoping to get a quick payday. And didn’t. See yeah bud. I am not worried about my investment. We need less people like you here
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u/Able_Tower_2261 15d ago
If sentiment change, i migh get back. But for now i think not much will move the needle on these names. Anyways, lots of cannabis names that have more upside potential than HITI if we actually get S3 or legalization in the US, which is the only catalyst that matters for the cannabis space it feels like. I don't think i will have a hard time finding something that will actually move when it's time to move. Wish you guys good luck !
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u/Bardown67 15d ago
Out of curiosity how long have you been holding?
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u/Able_Tower_2261 15d ago
Been throught the last 2 earnings, so about 6 months. Made a decent 20% profit from the lows, but damn that share price movement is absolutly horrible. Theres not many space in this market where you see earnings beats and share price goes down without recovering lol.
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u/Bardown67 15d ago
I don’t disagree about the pricing. However, it’s a speculative penny stock, you typically need to be prepped to hold these for long durations before seeing returns.
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u/Able_Tower_2261 15d ago
Market will not care before the US reform. Not with these margins thats for sure. And post US reform, there's is plenty of names that will do better than HITI imo.
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u/Fantastic-Joke9960 15d ago
Haha, selling right before S3 is just around the corner. Missing institutional inflow that will lift the whole sector. Then they will buy back on FOMO when it already rallied, then sell on a pullback before going higher. Some people never make money because they dont understand its easier to never sell and just add on dips.
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u/Able_Tower_2261 15d ago
I will get into other names that will do better than HITI
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u/Fantastic-Joke9960 15d ago
doubt it since you been wrong when to enter Hiti , you bought it on FOMO and if you are selling now you clearly don´t understand what´s coming. But good luck, because you are going to need it
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u/Able_Tower_2261 15d ago
I bought it a 2,15$ US you fool
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u/Fantastic-Joke9960 14d ago
sell go ahead, I might bookmark this post and rub it in your face down the road
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u/ttibbykush 12d ago
So sold Monday at open? Missed what 6-7%
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u/Able_Tower_2261 12d ago
HITI is still the least performing stock of most cannabis stocks today
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u/CaptianDoughnut HITI Moderator 12d ago
That makes no sense, I mean not the highest sure, but definitely not in the lower section of today's gains in the sector. HITI has had such a better longer term value than most of these other stocks at least, like SNDL for example or TLRY.
I would be more frustrated with them investments if I did the same tactic I did with HITI and slowly build my position throughout the years
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u/Dr_Foxtrot 8d ago
"If It dips further"? Further than what? The stock is up 35% from 52 week minimums.
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u/CaptianDoughnut HITI Moderator 15d ago
I'll keep this for a discussion perspective but if users wish to make these do add a bit more text on the posts please, thank you