Post by
ScarletSpider on May 01, 2020 11:02am
Looks Like People Are Getting Impatient I Am Not Surprised!
well folks when you look at the overall picture about covid and how long it will be with us in a minimum likely scenario for a year most likely two and you see what the SH article revealed about the companies involved with covid this is right now the cheapsest stock and nothing i have seen under .10 but you know what you guys who are selling down do what you like but i am holding what i have--for one i bought in at an average of .09 doesn't at all make sense for me to do anything but hold.
With consolidation as i have been saying it will likely be close to .20 give or take assuming people keep selling down which i will not--to each their own it will go from there. assuming .15 on a .075 which i think is absurd again look at what stock prices are--you can't get anything for less than .10 other than now people impatiently pushing this down this one--so it means that anything .10 or less is relatively speaking a very good deal--but i am fully invested and happy with my position so i will simply hold. That said, i do trade strategically and my price will not likely be under .30 as what i see is on consolidation around .15-.22 and then news on getting supplies up .30 plus so to me all this selling down doesn't make any sense whatsoever.
that said look at the time frame of the covid. i am letting the covid situation decide my strike in the near term even though i have said this is more than just that which i still say that although the company needs to prove it more concretely than they did in the past--which was different set of circumstances there was a oversupply of cannabis but there is every sign pointing to further wider global distribution so this should hold up well despite covid, but following the covid thought when the situation is dire this should hold and keep moving up when it becomes less dire you will likely see a decline--at this time no point selling actually as the situation is one where there is still lots of need for things to get to market despite it starting to stable and in some places come down--the US is an absolute disaster and i am not happy to see how it has been handled there--worst than any other place even Italy which was a nightmare disaster as well.
In any case, you have my two cents and as well as best wishes not worth selling down whatsoever even if things seem to be going slow there is still a huge need to be met and it is but a matter of time this company gets everything all settled to do so.
glta
Comment by
bogdansz on May 03, 2020 3:59pm
If you would be on duty without the proper mask you would be impatient too. No doubts about it