RE:Hold Or Sell?SamHudson wrote: Any chance we can see a steady increase. Should I just go for this market watch I have been looking at?
I never saw you here. I am an ex-investor and long who sold near $5.00. I wrote a reply to Star... but the post icon was not working the way is post was made. Here is my reply and I made some changes to reply to you.
The markets are down. There are a lot easier play in the MJ sector with a lot of
bigger spread for traders, and most longs are not. The big MJ companies are a lot, lot, lot..... more safer than
Bombardier that is now at risk, whatever the cult thinks. After reading some longs here,
they invent some desesperate scenarios, trying to convince themselves. The new guidance
is now for 2021, two more years of stress.
All the longs here still following Bombardier like a religion doesn't seem to
realize the risk. The mentality of many investors is they don't want to sell
because they will have a loss. Do you expect this stock to reach $3.00 anytime
soon if the stock improves? It could very well go lower or stay rather static for a long time
like I think it will. It is hard to imagine to even recommand this stock.
This a stock
only for traders. It is not because I am in the MJ sector that I am here to bash the stock. I bailed out because the MJ sector was more secures and the good companies easier
to pick up. I also didn't like what I saw. If if was not for the MJ sector, I would have bailed out after the Downview fiasco. I will not even talk about all the guidances they didn't meet after.
I began to make more transactions with a small % amount,
keeping the core of my stocks for the long term. Unless there would be a big correction
like a few days ago, I would not touch Bombardier.
Some are so entangle with this stock.
Even if I was loosing 100K, I would sell to buy cannabis companies. I am not here to pump,
make your DD and choose one of the big ones. You will recuperate your money in less than
one or two years. All the markets are down today and there is again an opportunity since most if not all MJ companies are down, so in the other sectors. If you bought yesterday a MJ company, you still made a better deal than staying
with Bombardier. If some people are naive enough to think I am here to pump the MJ
sector, they are even more naive, since this will have no impact.
Bombardier has even problem to deliver their money making Globals. Look at the markets today and see
how the MJ sector will recuperate in the next days. Disclaimer; One of the major MJ companies will announce its
quarter result tomorrow. In case of a less good than expected quarter, it could affect the sector.
In the long term, I am not worry. Write this date down and compare with Bombardier in one year.
The Quebec producer, in a province with a harsh winter, who is growing tomatoes in heated greenhouses, will sell
his production to a major player, and is expecting to make
$5000 by square meter instead of $300 to $500. Cannabis is less complicated than a plane or a train where there are so many things to fix and delay The guidance for Bombardier is now 2021. Two more years of stress. Keep your emotion away and
be rational. Beware of Clubby who has difficulty to stay rational. Just look how he will add a Trump
insults to so many of his post. This guy is quite knowledgeable, nobody can deny this but he is too
emotional. Don't forget that he sunk with Orbite being a believer in a company, by far, too risky until the last obvious failure.