RE:RE:RE:Excellent Friday close for the weekGreat, so Namaste is in the MJ index. That does not change the fact that they still cannot grow or sell marijuana, so they are not yet a marijuana company. That is the fact here. Getting these licenses is not a foregone conclusion, and neither is the timing of the reviews by the Govt (and the correction of deficiencies and re-review, if necessary). I am certainly not saying that Namaste likely WILL be a marijuana company at some point, but the fact remains that they are NOT one right now. An indisputable fact. Putting Namaste into an MJ index or simply saying that it is a marijuana stock does not make it so. Even Sean says that they are solely a hardware company at this point (although they obviously have MJ-selling aspirations).
As for your comment about re-entry, I still have more Namaste shares left than most posters here have at all, so I have no worries there. Money that I have re-deployed elsewhere is doing quite well, as there are other MJ-related stocks that are returning even more than N (believe it or not). For instance, some of my N profits went into MMJ and that stock had a great day today. Others that I have purchased include CMM and LDS.
I MAY buy more Namaste shares even if it doesn't drop back down below but I am in no hurry to do so since I don't anticipate any significant news before they announce November sales in early December. I could be wrong about that, but that is the chance I take...
BB