Guys, here is what I have been thinking lately...I have to say that as this industry develops my anxieties and fears have gone up at times. So many new companies and so many new announcements. It's harder to hold on to shares as fear of over supply and branding restrictions, etc. permeates the market. So it can be tough to stay on plan at times particularly when others are losing their sh*t.
I took a drive yesterday and was thinking of the pace of things and what I should be doing over the next 6 months. On great news and hype should I sell and at what level? Is it finally time to start thinking about cashing out and locking in profits? For the first time I'm thinking defensively even though I think WEED has a shot at a $50 billion market cap in 5-10 years.
The only thing that has sustained my ability to hold onto these shares is my belief in the medical aspect of cannabinoids. Cannabis is a game changer for me personally. It's a game changer for the little guy I've come to know really well who has Tourettes. And I know it's a game changer for people with PTSD, cancer, AIDS, epilipsy, etc..
And almost no one in this world believes what I just said in the last paragraph as firmly as I do. People will tell you that they have heard these stories, but until the human studies really come out its still got an asterisk beside it. And I'm saying all this because I think the asterisk is really going to start coming off this in the next 12-18 months as the first reports on some of these medical trials start being reported on. And it is this avalanche of medical evidence that is about to come out that is going to take the stock prices of the most credible companies ever higher. It is in medical that I have always placed my faith. It is what has given me the ability to hold on to my shares through all of these gyrations. It is what allows me to continue to hold onto these shares as they have become overvalued in relation to short-term revenues and lack of profits. And I believe it is the medical side of this business that will make me richer than I ever need to be.
Yesterday I was second guessing myself, but it was the medical research that has not yet been reported on that brought me back to my original plan and why I am in this in the first place. If you do not believe in the medical efficacy of cannabis it must be really hard to hold onto these shares based only on a Rec market with margins being compressed and competition picking up and governments screwing around. But if you believe in other things like medical and hemp it makes it a whole lot easier to hang on tight through the twists and turns as this industry matures.