RE:New here but not new to namaste yunginvestor wrote: I have been reading on here for a while but never cared to sign up/comment. I am one to keep things himself. I have had contact with Sean over the last 2 months through email, maybe 3-4 emails exchanged. I am invested in at $22,000 with an average of .32 so this is definitely hurting a lot especially when I was hoping to have made some for my wedding spring of 2018.
i haven't been concerned until now .... Received this email from Sean in regards to a question of "what's going on with the share price", "when is the uplist that was supposed to happen in April", and any "other good news coming this month"
his response is making me very concerned...
We have a lot Andrew and it makes no sense what so ever. We are on pace to do about 1.5M CDN a month right now who else in the space is doing this? Up-listing we are working on. Due to Cannmart it has been slightly delayed.
This doesn't concern me. Sean and Kory are very good at what they do, asking them to explain the SP is not their forte. He is being honest. Ask him something technical about e-commerce or logistics and he will have those aswers. I am happy he responded that way.
The folks who have years in the market will tell you what is going on. I am not super experienced but I do get some advice from people close to me who are. "Sell in May and go away". This is a normal time for seasoned investors to be in cash. This theory could be part of what is going on and you may notice volume and SP increases late summer.
Why do NR's not help the SP?
Traders take profit on NR's then rebuy later when consolidation occurs or simply move on.
"Buy on rumour, sell on news."
It will take a strong NR to break this pattern. We are in the middle of the 2 soft quarters that Sean mentioned as Namaste focuses on streamlining platforms and consolidating inventory on to all websites.
I understand it is hard to watch the SP move down. I am with you but it doesn't worry me. This is a long hold for me. I've bought as high as .35 and have an average of .26.
The next couple weeks are a great time to average down and grow your position.
If you don't believe this is a solid company then hit the sell button. Weak hands need to move on anyways.
Just my 2 cents