RE:Here's what's going on here.gullible1 wrote: We have some guys with the mentality of a squirrel. They buy a stock, they flip it for a couple of pennies profit. Market sentiment does not look so good. There's trade wars and the possibility of real wars to complicate matters. So, what does the squirrel who flipped the stock do? He creates chaos and negativity hoping to get back in really cheap (so he can make a couple more quick dollars). There's nothing wrong with that strategy. That's all a squirrel can do.
The real money will be made by the folks with a longer term horizon. How much longer will Canopy have a market cap of around ten times that of HEXO? It will get harder for them to have a market cap of 2x HEXO in a couple of years. Ignore the squirrels. They just want to nibble on a couple of nuts. You want to make serious money.
Words of wisdom from J. Livermore:
“It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine–that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.”
I totally agree and was not trying to bash - I`m still sitting on about 1/4 million HIP.A warrants with maybe a 10 cent average after a year of aggressive swing trading, I did sell 1/2 of my position in and around 17 - 19 cents during the last spike. Patience is indeed a virtue in this game but so is experience. My 25 years of experience was telling me it was time to lighten up ahead of what will be a very disappointing summer trading season. Divied my proceeds equally between gold and oil in an attempt to keep a diversified portfolio. I will look to re-enter HEXO once the bottom is cemented and the dust has settled - my bet is somewhere aroun d $5.50