 Happy holidays, your boy Rich from R.C.V. Live, so I Don't know if you guys noticed but on Friday, Hexo had a big move Big big move for Hexo And I've been a shareholder for Hexo for quite some time and I've been disappointed in Hexo for quite some time So, you know when you see a stock run the way Hexo did on Friday, you're thinking okay, why right? What's the what's the reason? Checking the news looking for a press release nothing Nothing nothingness Yeah, what's up guys your boy Rich from R.C.V. Live coming from beautiful British Columbia sunny sunny day here sunny sunny day here sunny sunny sunny days sunny sunny days Now the question is Will the sunny days continue for Hexo? Because it was nice to see Hexo actually finally do well, right? So It's very very interesting. It's very very interesting To see a stock move the way Hexo did on Friday without really any Explanation anybody know why? Can someone tell me why? Any of you guys know why? Yeah, you guys doing glad you guys are here on your Sunday. I know that the all-star game is about to start So I'm not gonna be too long, but I just want to know if anybody knows why Hexo made a move Yo, thank you for the donation K Respect man, and when you guys enter this room smash that like button because we're just trying to figure this out, right? Let's get to the bottom of this Why did Hexo? Explode on Friday. Did they just do a dead cat bounce? Did they find the bottom? What is the reason why Hexo? made a move Now you're thinking Boris Original stash is selling lots now you're thinking See That's what I'm talking about man Now you're thinking now why would original stash be selling lots? Infinite possibility says I think we will see all these stocks explode Well, we definitely have seen them implode So usually after a huge implosion you will be followed by an explosion It's pretty usual but not always You can see the Sun coming out You see the Sun coming out? The question is will Hexo continue this run Did it do a dead cat bounce? Did it hit the bottom? Is there something that somebody knows that we don't know is Original stash selling a lot. Is that why it exploded? The whole sector has imploded are we now ready to finally explode? Would be nice. It would be nice Yeah, smash that like hard man Hard if you're alive smash the like if you're alive You're alive Smash that like so Thank you for the eight likes. I appreciate it guys Hexo why did Hexo move on Friday? Anybody know? I Just want to know I just want to know it's about five o'clock Hi Hoang says hi Ridge. Will GGB go back to $2 and down 80%? I feel like it's a Xena case I think there's a lot of stocks that are down Whole sectors down Everybody's down for the most part There's some exceptions like IIPR GRWG Metafarm labs Valens Some exceptions, but medicine men But for every exception there are many many many many many many many many more failures Was watching better call Saul and thought of you Ridge. I love that show man Better call Saul is awesome man. I love that show and make that show makes me makes me laugh Pretty funny it's pretty funny that you say that so does anybody know why? Does anybody know why Hexo Made a move on Friday. No the lawsuit did not go away These lawsuits are not gonna go away. What do you mean? These are his short tactics They're not gonna go away. This has made these shorts billions At our expense These short tactics are not gonna go away. They're making billions at our expense. Come on guys There's a reason why I've been asking you guys and trying to educate you guys to diversify into the broader markets and Gold and Bitcoin because they're going up Broader markets gold Bitcoin have been going up Tell us has been going up Aurora cannabis canopy growth aphria. They've been going down So the way to make money in the cannabis sector over the last 10 months has been down With the exception of some companies with the exception of a few companies Believe going to 10 bucks What does the community think about that? You guys think that that's possible. I just wonder what everybody thinks Sun is starting to come down Spring is around the corner. I'm not wearing my mask as you guys can see No mask No panic What about Tesla? Tesla is crazy because I predicted would go to a thousand. I didn't expect it to go to a thousand in February And obviously it made a huge run To nine hundred and sixty eight ninety nine From one seventy eight to nine sixty eight ninety nine Dang That's a good run. You know now they're back to 800. So what do I think about them? I think they've done really well I think that in the future, they're going to be higher In the short term who knows Let's see how far they try to take this thing down. What kind of dip is created Let's see what kind of dip is created Infinite possibility says yeah Tesla on the way down. Don't grab the falling knife Well, they just raised two billion dollars. So typically when you're raising money, there's gonna be dilution There's gonna be fear of dilution So we'll see what happens But I think short term you got to assume that they could go down But I think long term we're gonna I called a thousand so I still believe they will go to a thousand They went to nine sixty eight ninety nine. So I was pretty close man when I called a thousand there at 320 in November 2019 So in three months, they went from three hundred and twenty dollars to nine hundred and sixty eight. So it was a pretty good call We weren't off by much nine sixty eight ninety nine. So if they hit nine sixty nine, we were going off by thirty one dollars So that was a pretty good call Andy Hoyle says bought two hundred. Do I sell? Well, this is what I think when you're up on a stock You should always think about selling. So you should put your take profit at ten percent If you're up fifteen percent keep it at ten percent you get up to twenty percent move it up to fifteen percent You get up twenty five percent move it up to twenty percent that way you squeeze all the juice out of the market Every time you're up as soon as you're up ten percent or more start locking in your profits And then take your talk. It's called a trailing stop-loss or a trailing take profit So if you're up a hundred percent on something you should be at ninety five percent. So as soon as it dips down Take the money to run, baby. If you see the momentum is there. You can always go back in Can I always go back in again? Play with house money Voodang says rich, please take a hard look at SPCE. It's gonna be good. It's already been really good It's been crazy. It's been on fire. It's been absolutely on fire Crazy crazy crazy crazy So what do you guys think? What do you guys think about Hexo? Love to know what you guys think about Hexo That's the topic Hexo had a big run why? There's no news What's up? What's up with that? I don't see any reason why we shouldn't be selling our stocks The only reason why we invest is to make money cash is king stay in cash Deploy some capital to generate returns bring it back to the vault leave it in cash In the cash position. So when you have opportunities and moves like companies like SPCE that are clearly on a full alert Full alert SPCE is on a full alert guys They've been on a full alert for a while Man, they just been going crazy Jimbo says Hexo oversold maybe You guys think it hit its bottom? Have we found the bottom on Hexo? Boris says the sector ran because of CGC. That's a very good point CGC had a big number I don't know if I necessarily agree with it, but you know everyone's saying that they beat estimates. I Don't know man. I don't know man. I Don't know guys. I really don't know. I don't know what to think What do you guys think? What do you guys think? What do you guys think? What do you guys think? You love labs the sector is still learning and growing and the companies that The heads were greedy are going away slowly. Well for sure MJ is gonna be huge So I don't know if you guys are watching the all-star game But I'm gonna watch the all-star game while I talk to you guys about Hexo I'm gonna pull up Hexo right now, and I'm trying to figure out why the stock ran Now some people are saying it ran because CGC ran, but why would Hexo run just because CGC ran? How does that make any sense? How does that make any sense? All of a sudden Hexo CGC are on fire, but why? Why? Why are they on fire? Why is Hexo and CGC on fire? CGC lost 92 million dollars They only lost 92 million. It's comical. So Tesla's at 800 right now right at 800 Voodang says Hexo been declined hard. This is a bounce back. I Hope so. So are you saying it's a buying opportunity? Is it a buying opportunity? If it's a bounce back that means it's a buying opportunity, right? Hexo was up 19.69 percent. Oh boy. You want to hear something? Whoa My indicators are telling me that Hexo is going to 275 Yo, this is an NBA All-Star game guys right now. Can you guys hear it? Hexo is at $1.52 US. It was up 19.69 percent David Stern has ever seen at the All-Star game in Orlando Yeah, it's right at $2 Canadian up 19.05 percent But what does anybody know? Anybody have any insight? I'm watching the Leafs game versus Buffalo while Watching the NBA All-Star game at the same time and we're watching the markets So Hexo is up 19 percent But why now full disclosure? I am a shareholder of Hexo and have been for a long time and I have been very disappointed in Hexo They have performed very very poorly They have been struggling with money. It's the same old story and They've had to raise money by selling shares which is the same old story with a Lot of the companies that have struggled When you're forced to sell stock to raise money The market doesn't like it and you're going to get shorted and that's what happens And then a lot of times these guys that are owed money They're forced to sell stock to pay back those loans. So it's driving the price down So they put themselves in this debt spiral Where oh my god a creditor needs money They want shares and now I got to issue them a few million shares And then they go and they dump their shares into the open market and we're the retail investors that are buying the stock And they're just selling it to us. Do you guys understand what's happening? My indicators are saying it's going higher. My indicators are saying it's going to 250 Canadian 250 Canadian Like there's a lot of buying pressure. There's a lot of buying pressure And the question is where is it coming from? Is this a dead cat bounce? Is this shorts that are covering? It's saying it's gonna go in the US 266 Right now it's at $1.52. That'll be a big jump. There's some crazy power that pushed this thing Yeah, all my indicators are pointing up the CACI the OBV the ROC and the CMF are all pointing up those are all different indicators of cocktail of indicators that I've built into my Dashboard on trading view and based on those indicators for some reason they're saying that Hexo has crazy amount of power Like therefore shadowing it going way higher, I don't know why but this is interesting Got a lot of buying pressure Lots of buying pressure Video marketing says their quarterly will be in March. Maybe it's a fake bounce could be could be shorts covering But 19% is a big move for them in one day 19% up Big move Tony thinks it's the Molson deal drink Something's going on. Somebody knows something Stock doesn't just move up 19% and nobody knows why I checked all the news. I looked everywhere. I don't see any news So something's up Something's up with Hexo question is what? Yeah, they were halted but they didn't have any news that followed the halt which is really weird So nobody even knows why they were halted and then the stock just exploded. It doesn't make any sense You guys see the buying opportunity on Bitcoin. So Bitcoin's dropping again Interesting how it trades Very interesting how Bitcoin trades So Bitcoin's been going down. So if you hold GBTC, you better expect that GBTC is going to go down On Tuesday when the market opens You guys know GBTC is going down, right? Because Bitcoin's been going down GBTC is going down So if you've been looking to get into GBTC, I believe that's going to create a buying opportunity And I believe that bitcoins will go way way higher So BTC Yeah, Bitcoin's at 9875 So they just took a little dip from where they were In the last five days, they were as high as 10,400 So right now they're at 9873. I think this is literally creating another buying opportunity For Bitcoin, they did get to down to 9700. They're now at 9873 Infinite possibility says cannabis will explode like Bitcoin. I Believe it will question is when because we've waited far too long and we deserve it We don't deserve this abuse We don't deserve this abuse We don't deserve this abuse. We're just cannabis enthusiasts. So we've been abused and I've been saying that this relationship is like a toxic relationship abusive relationship However, you want to call it but that move that Hexo made Was no little move. It was a very strong move From 168 on Friday to $2 It's a very big move. You'll call me from your villa in Hawaii. Hey, man Sounds great Buffalo just scored one nothing Buffalo over Toronto Cody Olson says this is like the Bitcoin crash should come back soon half of the time high at least If the cannabis sector goes back to its all-time highs We're talking about four to five hundred percent jump Just think about that. How crazy that is and it will happen. We all know what's gonna happen. Just don't know when It's very heavily oversold Very hard to believe any move that's happening in the cannabis sector Very very hard. Yeah, it's been 10 months. We've been down for 10 months. So I believe we deserve Better and I believe we will get better because Cryptocurrency went down for 13 months and I remember everybody was panicking and then I mean you look at Bitcoin now It's exploded right from 3000 to 10,000 So cannabis stocks will do the same the question is when CGC had a nice nice nice day on Friday. I don't understand why That's why I don't really trust the move, but it was the nice move. It was a nice move CGC But it's very hard to trust them all Because they still had $92 million in losses and I know that that's what the streets gonna talk about. I know that that's what the Shorters guys again you left are gonna talk about it's gonna be like listen man Cannabis growth has 92 million dollars in losses. It's not a profitable business So until I hear people change that sentiment It's very hard to trust it very hard to trust something that's not profitable profit is key Profit is key you know So I don't know. What do you guys think? You think can we grow this a buy here after they went up 13% on Friday? Would you buy them F? No way Don't chase the don't chase the CGC CGC's got Drake man They got Drake they got Drake, man, I don't know Drake's a pretty pro Drake's a pretty powerful cat Drake's a pretty powerful cat He's no joke talking about Drake CGC's got Drake Now I know 92 million dollars in losses, but yet despite that The stock went up 13% so what's going on Jimbo says to volatile on the downtrend side So what stocks do you guys like right now? Garlic said Garrick says I bought CGC at 18. I would not buy at this price. Thank you for sharing What are you guys buying right now? For Tuesday, please let me know What are you guys looking at? Is anybody looking at Netflix? Is anybody looking at SPCE? Is anybody looking at Hexo is anybody looking at aphria is anybody looking at balance is anybody looking at labs Is anybody looking at scott's miracle grows anybody looking at gw pharma anybody looking at grwg chronos group I want to know what you guys buying Balance I like balance man. I like the way you're thinking What else anybody thinking spce momentum continues. They've been off fire the world's riddled with coronavirus So Now that the world is riddled with coronavirus are we needing to go to a new world a new galaxy far far away? And will virgin galactic and richard branson take us to outer space For 250 000 dollars you too can go to outer space with richard branson It's true. I don't make up the rules It's all true. This is the world that we live so This is the world that we live in right now where Stocks with companies that take you to outer space to other planets far far away Are on fire That's the world that we live in right now cannabis stocks or not It's hard to make money in cannabis right now If you can make money and survive in cannabis You're doing something because if you're investing in the broader markets, you're making a killing If you're investing in fang facebook apple netflix google fang If you invest in the best the best is blessed and you will win the cannabis stock is not what we thought we were what it is We thought it would be something what then what it is not We thought it would be on fire right now many did including myself I'm not excited about the fact that the cannabis stocks have taken such a crazy But at the same time it is a blessing in disguise because it's allowing us to see where everything should be really priced Instead of a hype market Which is what it has been for Quite some time and for quite some time there was a quite a few people that made a lot of money in the cannabis sector But over the last 10 months it's become more and more difficult to make money in the cannabis sector The garrick says just hold any cannabis stocks until november You think the elections is going to make it explode? We need an explosion. We haven't had an explosion in 10 months. So we need one and we deserve one And I believe it's coming. I just don't know when I don't know when I'm watching the mba all-star game. They're doing a tribute to uh Kobe right now mba all-star game chicago 2020 Now does anybody know why Hexo made their move on friday Trying to get to the bottom of this Yeah, a lot of people do believe this is the time to accumulate A lot of people do believe this is the time to accumulate But is it some type of a trap if to be careful? There's been so many traps all the way down here. So It's been a really really tough ride Really tough ride in the cannabis sector Jimbo says love cura and true leave, but it's a mistake to love a stock. I know it definitely But if you're gonna love it, it better be amazon google facebook netflix Right it has to be a winner Spotify Space spce these have all been stocks that have been skyrocketing. So if you're buying them, you're winning You're happy Best in the best the best is blessed invest in the best the best is blessed Yeah, we know it takes time But at the same time if you want to make money with your money, then this may not be the best place to put your money because right now Things are not going up. You're going down So We need to be careful as investors and we need to use our money wisely Gary says Rich, I think a change to leadership is coming to hexo you think that's why the stock's going up Tony driver says I think explosion very soon. I hope you're right, man I hope you're right. They had an explosion on friday So we need that now. We need it to continue Warren white says cannabis is a bargain bottom is in we're definitely oversold. There's no doubt about that We're definitely oversold. There's no doubt about that Definitely oversold There's no doubt about that What do I know about the tap investment? Believe sells amazing weed. I don't know. I've never really heard anyone talking too much about believes weed Kramer thinks space is too hot. It is too hot It's too hot too hot to handle It's too hot for him to handle A lot of these stocks are oversold including hexo Was it a dead cat bounce? Is there something that somebody knows that we don't know? Is this insider's buying? Are these shorters covering? Why did they bounce 15% on friday? Do I think hexo will get province money like Like aurora supposed to I think there's a very good chance they could because it's not province money It's provinces that want to own these businesses And if you're a huge conglomerate, why wouldn't you want to buy something at 10 cents on the dollar? It's the way you do it If you're a huge conglomerate you want to buy something you want to own a cannabis business for 10 cents on the dollar It makes sense The reality is these guys need to be able to compete with the black market and the only way you can compete with the black market If you lower your pricing you don't lower your pricing. You can't compete with the black market Everybody needs to lower their pricing to compete with the black market I'm going to say it over and over and over again until everybody understands what's going on here If you want to compete with the black market lower your pricing It's very simple. The ball's in your court LPs and MSOs Either you let the black market continue to thrive and laugh in your face Or you have some product that's cheaper so that you can be competitive. It's pretty simple. It's not rocket science And there's five billion dollars being spent and used In the black market that could be getting accumulated by the LPs Can you guys hear this tribute to Kobe? The NBA all-star game and the Leaf game is on right now too Marching bonus the Leafs are down one nothing to Buffalo right now so I'm a shareholder of Hexo and um Oh two nothing Buffalo now great That's not good Molson Coors is tap Yeah, you know what? I don't know it's going to depend. It's going to depend on how things go here with Hexo Yeah, Leafs are down two nothing to Buffalo right now unfortunately Not looking good Nick Nurse, let's go head coach Nick Nurse with Toronto Raptors Crazy could that help the earnings? I think it will Definitely going to help their revenue. I don't know how much it's going to help their profits But it's definitely going to help their revenue Gerald says how come you don't talk about blue gas Amazon is using it for their forklifts You know what? I don't even know what you're talking about. I got to do some research on it I don't know anything about blue blue blue gas Yeah, it's the first I've even heard of that. I mean I learn a lot from the community So if it's something that I need to talk about and there's a lot of It's a trending topic and something people want to hear about then we can definitely talk about it Calauri, let's go six all-star selection Trey young Trey young, let's go Trey young Leaf just scored Nice 2-1 let's go Toronto Pasco Siaco, let's go pascal Juwel Mb, let's go I like the way they pump up the game They do a good job. They do a really good job getting the uh The introductions I think for the NBA all-star game They do a really good job So I'm looking at canopy growth. They're up 13% on Friday I look at Hexel They're up 19% I look at Aurora. They were up 5% Infinite possibly says I just saw an interview six days ago and the guy said expect rapid growth in the next few days Interesting for which stock BB King says gold and silver down stock futures up on what news please. Tell me quantitative easing market melt-up Infinite says an interview on Bloomberg last year said that all companies will lower prices Joe cracker says Montreal canadians number one Canadians fan Are you in Montreal? So the HMMJ ETF was up 5.85 percent all right guys, so Just wanted to just do a quick video. I didn't even want to go this long. It just kind of happened and talk about Hexel because it just Had a spike on Friday, and I don't know why and nobody knows so I thought maybe if we did a call we did a video we could figure it out But we still haven't figured it out. So I'm gonna say goodbye right now. Thank you guys for 34 likes Enjoy the rest of your weekend. Enjoy your long weekend Stay tuned I'll keep you guys updated on what's going on around the world Enjoy the leaps game leaps right now down to one to Buffalo And the mb all-star game about to get started. I'm gonna go watch it. Enjoy it You guys go watch enjoy with your friends and family. You'll respect the kawaii letter It's go kawaii. It's gonna be a good game. You're more rich. You wish to be live And I'm out