RE:RE:It is what it is TennisBoy wrote: Love the company and the concept. Bought a considerable amount os shares yesterday at 2.19. I'm down 35% and feeling the pain right now. Pretty scary, but I plan to hold.
My biggest question now is: what about Hound Labs breathalyzer, and how Cannabix could revolutionize if the aren't the 1st?
I appreciate your opinions on this.
amp007C wrote: Any longterm holder like myself is upset about the situation, merely because we could have sold yesterday and made a ton of money, If you didn;t and are upset with profits "lost," just keep in mind that a new bottom has formed. Another news releases and update on the device is likely to drive this thing through the roof again, as whatever happens next is likely to make or break the company. I'm of the opinion that they are close to finishing the device, and then it requires substantial testing.
Fortune favors the bold, and I feel sorry for those who sit there on a daily basis trading every five minutes to try and make a couple of bucks.
If this device works, it will revolutionize law enforcement and all of us who have held out this long will be rewarded. For all of you who claims the device is finished and ready to be distributed, you're lying. However, the same is true for all of you who claim that this is a scam, etc.... The device will be complete when it is complete, until then I won't sell a single share.
Truth be told, I do not know the answer to your question. As far as I am aware, Hound Labs is not as close to finishing the device as Cannabix, nor do I think their device actually works. They did do field testing, but I think it was unsuccessful.
Remember, nothing has actually changed from yesterday to today. I believe what happened was the shorters go out and made their profit, and that drove down the share price. From there, anyone who had bought in during the uptick panic sold and we have what we have now. If more longterm holders didn't panic, we might not be where we are at this moment.
I say sit tight, and ride this one out. Not much else you can do, unless you want less profits or to take a loss.