RE:What's Really Going On with THC's Stock Price, IMO? For anyone and everyone frequenting this board and posts you'll observe one very clear message.... the bashers struggle to string two sentences together. Their approach is never tempered with reason and are often filled with innuendo and insults while using "caps" to emphasize mockery. They prey on your fears, insecurities and are counting on you to be ignorant. Somehow they have managed to convince themselves that their ignorant unintelligent approach is somehow managing or manipulating the share price. Pitiful that they've allowed themselves to be so disillusioned with their pathetic attempts to cheat others.
THC's story is all within the public domain. It takes very little time to gather the information needed to make informed decisions. SEDAR, CSE Filings and the company's website has all that you really need.
Those of us who are long on this stock (I bought in at $0.09 about a year ago) will not make buy or sell recommendations. We will share the due diligence transparently. Sure we are positive on the stock and that is why we hold, but you will also find for the most part our posts are tempered with reason and we can convey answers to most of the questions posed with reference as to where to find that information.
droidmeister's post is articulate and transparent with verifiable facts. Some of us are sitting on a lot of money in this security and we are not doing so blindly. We had the presence of mind to evaluate this company 12 months ago and recognize a winner when we saw one. Given the current share price it looks like we got it right. If THC was incapable of achieving what we expected it to, it wouldn't be at its current valuation. THC Biomed communicated their business and strategic plan, and have continued to execute to date.... and they have passed every one of their Health Canada inspections on the first round.
As for the current share price; it has held strong throughout this tax loss selling period. If you are unsure of what "tax loss selling" is ... search for that specific term in google. For everyone selling, someone is buying. The effect on THC's share price is not unique. The whole market is subject to this effect this time of year... and yes some tickers do go up in spite of it. If you are fortunate to invest inside of a TFSA, then this time of year presents a tremendous buying opportunity.
Don't be fooled or buy into the empty headed rhetoric. Most of those that bash have to create new accounts every few weeks due to the ignores they earn. Just click on their handle and you'll see when their account was created. Use the ignore button and use it often. It cleans up these forums quickly. And if you can... use restraint and refrain from replying to them in the first place. In their twisted little minds your response brings them gratification. It is easy to see because the discussion on the board becomes all about them rather than the security where presumably you've chosen to trust your hard earned money.
Focus and healthy discussion does have room for contrarian perspectives. Those perspectives can be conveyed with intellect, reason and verifiable data without unintelligent rhetoric and insults. Sometimes the forum discussion appears as though it is a bunch of pre-pubescent clowns who are struggling to deal with the hormonal changes in their bodies, rather than mature sincere investors/traders who care about their money and the company they've chosen to invest in.
GLTA & DYODD
droidmeister wrote: My neighbour on this floor is the guy who turned me on to THC, almost exactly a year ago to the day, when THC was trading at $0.095 - he bought at something less than that, and he plunked down $100G's - he owns about 1.25 million shares. He hasn't sold a share. The guy's loaded anyway, been retired since his mid 40's when he sold his half of a software company he built, sold it to his business partner, spends at least half the year down south, and this floor that we're living on isnt exactly the bargain basement of this building. Basically we both live in fantastic penthouse condo's, but while I'm still working, he's living the dream. Smart guy, though. Recommended a year ago that I take a look at 2 companies: CGC and THC, I'd never heard of them and didnt know anything about investing in pot companies. I didnt know him but I could see he was successful, so I listened to his advice, I wish I'd taken all my money and bought THC at $0.095, I was a bit cautious, but I can't kick myself too hard, I now own 500,000 shares and I'm up about $400G's. Not bad.
So what's my point? Between me and buddy across the hall, there's almost 2 million shares alone. Bob and his pals own a bunch more. Half a dozen people and we've accounted for maybe 3 million shares. None of us are selling. There's probably a lot of other people out there like us, people with relatively large quantities of THC stock, and we're not selling share one. This is one reason why the volumes lately are so low. The bashers are trying to shake the tree, but no leaves are falling. So the price isnt falling either. On the other hand, this is a totally dead time of year. "Sophisticated" traders (not the novice traders being protected by our friend Cannibuzz) are locking in 2016 profits or losses, and not looking to make aggressive moves this week or next, more looking at last minute Christmas shopping and going to client parties, so there's not a lot of demand. Yeah, prices are flat. right now. For the newbie, unsophisticated traders out there, this is normal. Compared to all of the action, excitement, and massive price gains we had a few months ago, things have turned darned boring, but we're heading into the slowest week of the year.
Looking into the new year, THC need to keep getting their corporate act together. Get those license amendments so they can sell dried and oil to patients, and commission their expanded facility. Then we need to see a couple of quarterly reports showing increasing revenues and, eventually, profits. 6 months from now, we'll know exactly where the fed's are in the process of legalizing things, and THC should be shipping everythng from plants to oil and everything in between. But I expect things to start heading towards $2 right after New Years. There's going to be a buzz in the air because everyone knows the legislation is coming, and I wont be surprised if it isnt introduced sooner rather than later. No one is debating that the legal marijuana business is going to be massive. THC is still one of only 37 companies with a Health Canada license to grow, one of only 17 to produce and sell oil, one of only 3 licensed to sell plants... after legailization, those are licenses to print money. TTYL.