RE:RE:For what it's worth I sold 90% of my positionShockandAwww wrote: I appreciate and respect you being so forthright riskyone about your thoughts and actions. Who can say what will happen but I will say this: in 25 years of investing I can say that believing in a company like you do and trying to time it like you are is a very dangerous game.
FIRST OFF MUCH RESPECT TO RISKYONE FOR HIS TRANSPARENCY- WE ALL HOPE WITH YOU 10% CONTINUED HOLDING YOU DONT GO FAR... CAUSE I GOT A FEELING YOU WILL BE BUYING BACK THOSE 62K SHARES WITHIN A FEW WEEKS TO A FEW MONTHS ;)
ShockAndAwww I am much in agreement with you on this one in the sense that "trying to time the markets is a very dangerous game" ....
That said in particular correlation to riskyone THUS FAR (and I say thus far lol) I see a guy who made a 55% ROI and then just saved himself 14% drop so KUDOS and GOOD CALL... just make sure you dont buy back those 62K shares at a price higher than $0.65 lol and personally I believe we could be back at $0.64 - $0.65 as quickly as Monday or Tuesday which is why I bought shares at $0.54 and $0.58 respectively.
Another thing I agree with you ShockAndAww is on "speculation"!!!
If rumour spreads that Canada IS going to legalize, Im telling you all HERE & NOW, those powerful downtown Financial Brokers will know wayyyy before and Score shares will get eaten up fast!
What the LONGS here need to be doing and I hope some of the boys can assist me is: WATCH WHAT INSTITUTIONS ARE BUYING SHARES NEXT COUPLE WEEKS/MONTHS !!!!!
I am not sure if there is any reports we can obtain to show "institutionary ownership" to determine if the big houses are eating up retails share.... that will be a major clue to two big things:
i.) Fact that STRONGER HANDS with LONGER TERM VISION are accumulating shares making this a much tighter float which is critical when we gap and run!
ii.) Provide insight into whether any particular entities start to try and accumulate for potential buyout down the road.
RE: CORONAVIRUS I think right now we are seeing PANIC SELLING ACROSS THE BOARD as a few of my other LONGS been getting hammered 10-14% a day multiple days in a row and have zero direct ties to China/Corona Virus so its just getting directly impacted from the selling of ETF's and liquidation of portfolios to cash - which those who been around this game long enough (I lived and was trading for a living during the 2000 tech crash and 2008 financial crash) so I was that guy who was selling when I should have been buying ... that mistake cost me literally MILLIONS as stocks like Ford Motor Company (which my dad worked at for 35yrs) went from $1.10 to like $19 in under 2 years!!! PROBLEM FOR SOME IS THAT THESCORE IS 90% OF THEIR PORTFOLIO... And that a huge issue when its stock is diving regardless of the reason or catalyst for the drop.
A lot of people have blasted me in the past when I said I sold half my position for trading purposes or told people I thought TA said to sell, but I would not have made 300% in IBIO and 150%+ in TVIX and 100%+ in FCEL had I not diversified and had I continued to fall in love with this story.
I think everyone should have a vision of how many shares they want and can own, and 50% minimum of that should be a SOLID LONG TERM HOLD STRATEGY... but I believe the other up to 50% should be SOLD on spikes and dumped when key support levels are broken.
I learned hard way its next to impossible to time the markets especially in turbulent times like today so what advice I would give you riskyone given your current position....
SInce you have Saved 14% from where you sold....
Set up rolling BUY ORDERS "stop limit" at multiple prices such as 2500 lots @ $0.62 , $0.64, $0.66, $0.68, $0.70, $0.72, etc, etc (with GTC dates a month or two out) BECAUSE YOU DONT WANT TO WAIT FOR THIS TO POP TO $0.80-$0.90 OVERNIGHT (and it just might) and witness yourself anxiously trying to buy back 62K shares without helping the rest of us see an even greater 5-10% Return on our investments.
I.e I dont want to be thanking you for helping raise the stock price another nickle! lol