kjamax1 wrote: Investing is made up of two basic emotions, Fear and Greed, and they show up constantly when trading, and even daily if you watch things too close.
Namaste getting the license was significant, and will drive the share price higher as they continue to build on what they have done so far. Should it have gone up higher yesterday, I would have thought so, but we are up 170% in the past four weeks, so I'm good.......
Step back from the share price and look at the investment, the company, the sector, and if you believe that the sector has no where to go but up, because the US really hasn't even begun to play, then that's a good thing for growth. If you look at Namaste with sales license in hand, and Cannmart up and running, and AI and Uppy, and NamasteMD and see how they will see massive revenue growth in the sector, then that is a good long term bet as well.
So taking the share price out of the investment decision, knowing we are know where close to valuation compared to others in the space, then the long term for Namaste is up.
Know that the best money managers in the world over 10 year time frames are lucky to surpass 10% annualized, so us getting 10% a day is not bad.
It's a great story that just got a whole lot more real on Friday. You should feel very lucky as a shareholder. We all experience some degree of emotion with our hard earned money, but the following is a copy and paste that was well said.....
Pot Stocks Be Set For New Highs This Week?
Namaste Technologies Inc. (NXTTF) (N)
Similar to a number of other cannabis companies this week, Namaste Technologies has also seen a bit of a recovery in stock price on Monday. This morning the company announced that the Company's wholly-owned subsidiary, Cannmart Inc. has received its Access to Cannabis for Medical Purposes Regulations medical cannabis "sales-only" license with no cultivation, which is the first of its kind to be issued by Health Canada. The Sales License represents the most significant milestone in the history of the Company and is the final component of its strategy for Cannmart to become Canada's leading online platform for medical cannabis.
Cannmart has secured over 13 domestic and international supply agreements and will also focus on developing arrangements with micro-cultivators who will provide high-end craft strains, subject to the upcoming regulations of the Cannabis Act. Cannmart's goal is to offer the largest and most diverse selection of medical cannabis products available in the Canadian market.
https://www.marketwatch.com/press-release/will-these-pot-stocks-be-set-for-new-highs-this-week-2018-09-24
Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.n&postid=28682739#mQm71l0oKsPgo02F.99