RE:IT'S ONLY GOING TO GET LOWER AND LOWER AND LOWER Stocks are all about hype and future potentials.... but mostly future potentials. If we looked at profits and company values then tesla would have never reached the value they have now because they never sold their cars until recently. But you see that their stocks went from single value dollars to 3 digit values. This was due to potentials and outlook.
There will be a lot of ups and downs until they actually start selling. Because it is only going to get more spotlight. If you look at the recent announcement (yesterday), they stressed their "commitment" to legalizations. So it really doesnt matter if you are still holding onto the stocks at 2.70. From a year from now, it would not even matter. People sell and buy short terms and will continue to day trade this stock. This is the new tesla. If your a new investor, pick an entry point on dips and don't keep selling at a loss. Just hold on to it. Going to surpass tobacco companies and dividens will start flowing.
Support prices:
#1 - stocks will never fall below $2 (due to the recent investment, why will they sell the stocks they bought at a loss? they will start selling when the news of legalization breaks to start making big profits)
- with very positive future outlooks, investors are foolish if it ever comes close to this level
- When that happens, I will keep buying
#2 - another support prices are at 2.10-2.20 and it proved to be stable.
#3 - I bought in at 2.30-2.40 because that proved to be the break point in the past. I couldn't care less if it dropped further becuase I know it won't go below $2.10-2.20.
Wait for another dip or hold, come back not when they get their oil license but when they move to the bigger exchange.