GREY:BLEVF - Post by User
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MUTHATRUCKAon Dec 05, 2018 11:21pm
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Post# 29073565
Canopy growth taught me a huge lesson years ago
Canopy growth taught me a huge lesson years agoI used to own 85000 shares of canopy growth which I bought for around 1.7 or some ridiculous price like that. It went way up, then it came way down, so I panic sold. I made a ton of money yes, but nowhere near the millions I could have raked in this year had I held. I don't care what mr. Market does, he is a bipolar schizophrenic manic-depressive with too much money anyway. I'm holding on all my marijuana stocks, I'm not listening to anything the experts say or the bulletin boards say. I'm just reading their quarterly reports, and keeping my eye on their ratios. Warren Buffett says there's only two times you need to sell a stock. 1. when you want to buy something that you think you'll make more money with, and need to free up the capital. Or 2. when the numbers on the books change. Not when people tell you to, or rumors get high . That's the reason he works out of Nebraska , not Wall Street . We saw a fantastic quarterly report, very low debt, lots of growth, they have 27 Hector's of Farmland in Columbia, etc etc etc... and the split gave me over a hundred thousand shares. I'm not saying it's a sure bet, but for me this is a gamble worth taking. Glta