Impossible to buy and hold, unless you are will to cope with the very high volatility...
Yesterday, stock opens at $17.7... or whatever,,,,
stock is runup to $18.9....
stock drops to 17..,, then closes at $18.05
then gaps up,
shorts come in
run the stock below $16.8...
There's no bullish or bearish news
just algos, institutions, daytraders going long, then shorting....
This I call stock manipulation.
Meanwhile, retailers know nothing about charts, fundamentals, technical analysis..
The bumkins and dolts say, "Charts are useless"
But these dolts don't realize that the pros- or anyone who educates themselves use the chart to buy and sell the stock...
But the dolt says, You don't need a chart....
Hmmmm, clearly the guy is an uneducated bumpkin.
My other point: Posting the day to day noise is a waste of time...Your comments rarely have any meaning---and never influence the share price.
Instead of wasting your time, reading all the uneducated nonsense from the bagholders and wishful thinkers, learn
1. The candlestick chart---how to read an uptrend, downtrend, range..
2. Learn the moving average and moving average crossover
3. Learn volume
4. Learn about reading a chart for different time frames, For instance, the share price could be moving up on the 15 minute time frame, but moving lower on the monthly time frame and weekly time frame.
5. to buy hold, you wait for the downtrend to end, otherwise you become a bagholder like so many experts who post on this board, and then insult.
6. Trade only the uptrend or range to go long
or short the stock when there's a bullish reversal...
Remember, over the short term, pot stocks are being highly manipulated, far more than growth stocks or blue chips.
All pot stocks are specilative purchases. You could loss all your money...
Case in point: APHA and other pot stocks are runup to---ApHA to $40....
and now APHA is trading---8 weeks later at $16....
A tank job of more than 60%
Why???
Fundamentals--especially EPS and PE ratio....
Don't be a dolt. Educate yourself!!