Sold some ACB todayNot sure if it was a smart move or not, but I sold off 1,000 of my ACB shares. I thought the stock had huge growth at 6.00...manged to sell at 8.04. I had 14,500 shares, so if the stock does gap up even more I'll still be in the game. If it goes back down to 7 or 6 I'll buy back in and gain some extra shares.
Now that the stock has 400 mill shares outstanding, every dollar up is a large increase in Marketcap. $10 a share would be a 4 bill valutation, higher than WEED. Just don't see it going there in the short term. Waiting for a pull back.
I'm long ACB which is why I didn't sell off too much of my position. Don't want to miss a huge run, but will try to get more shares for free.
Check out my blog geared towards newer investors, as I'm new to this as well.
Weedstock Blog (Details on 300k portfolio and how I got there)