RE:RE:RE:RE:Merry Christmas & Happy New Year!Thanks Seanigan. I can give you the bottom line. I invested a bit more than $500,000 in the summer of 2015. I put the money in GWPH, WEED, OGI, Mettrum and Aprhia. That money has expanded to more than $4 million in gains in a bit over two years, plus all the extra cash from covered call writing. And the most exciting thing is that I think 2018 is going to eclipse the gains that have occurred from 2014-2017 in this industry. Here's my current thinking:
1. $5 billion market cap was always my thinking in terms of the value that I thought WEED could get to based on its first mover advantage. We are past $4 billion now and I think $5 billion is still a safe number in terms of the minimum value WEED would get on a full sale at this point to a booze, cig or pharma company given its huge industry lead right now.
2. I'm still thinking that $10 billion market cap is doable if they keep pushing out in Canada and globally. I'm thinking $10 billion might be justifiable by 2019 or 2020 if Canada, Jamaica, Denmark and hopefully by then Germany and Australia is in full production. If the States opportunity opens up then $10 billion is a drop in the bucket. And with California going full legal in about a week I think the Feds are going to be feeling a lot of heat to do something on the cannabis scheduling in 2018. So overall I'm still feeling fine holding this thing for the longer term thinking that $10 billion market cap is achievable by 2020 or I would think 2021 at the latest. We could also hit a $10 billion market cap by 2019 if things go really well. So from a market cap perspective I'm feeling fine right now in terms of where I think the longer term is going.
3. There is going to be a lot of hype in 2018. It's going to be easy to lose one's sh*t. I'm going to try and stick with my over arching strategy, but may have to adjust if things get stupid and valuations get out of control. I hope the hype does not screw up my covered call strategy and overall I think the volatility may enhance it. We shall have to wait and see. But one thing is for certain. I'm excited about 2018!!