RE:RE:RE:High $0.20's coming?Excellent post! This is what I am waiting for... The more this goes down the better the odds are for us is the way I see it... Also the more it goes down the harder we fly back up as well! I am looking to turn 10k into 100k before we hit 1 dollar.
I think we can all agree we like tgif.
don't take away my dreams,
rocksteady
StockPicker1234 wrote: Few things to note from you post. First, the GOP is proposing a continuing resolution to extend the date from December 8 to 22. It will get passed Thursday and the date will be pushed to Dec 22, not the 8th. You raised a good point that what if the protection clause is not included. IMO this sp will not drop into the 20s, it may drop at most to mid 30's in the short term followed by a jump back up to mid forties. Why? Because the sp has already dropped 20 cents from 55 to 44 in 3 days. An additional drop to 35 cents would mean a 40% drop, which will definitely be way oversold territory. Further even without the clause, doesn't mean the Feds going to shut down every MJ company, it just means they will target more those that are committing major crimes so will have no impact to 90% of companies. Investors will realize this very quickly and a huge rebound will occur so not impact in my after a week. You can imagine the lobby groups and Politicians making noise around this if it ever occurred, this is the worst case scenario. Now let's look at the flip side to your question which is what's going to happen. What happens on Dec 22 when this protection obviously will make its way back into the budget as it has for the past 3 years and has bi-partisian support? Well, then using my same logic, this sp will jump right back up to 60 cents making up all of the 20% drop plus 10% because everyone is so relieved. That is what's going to to happens IMHO and so you gotta ask, should I buy and have a risk of loss of zero after a couple of weeks or not buy/sell and risk losing a quick gain of 30%. Keep in mind this doesn't even factor in the financials which will jump the price another 20% I mid December so your opportunity cost is actually 50%. You can't make a lot of money without taking some risk but I don't know about you but as a betting man, those are the best odds I think I can get anywhere! Let's remember why we are here to begin with investing in a penny stock versus a bank stock or apple, because we are willing to take calculated risk takers for substantial gains and the odds are well in our favor. Do your own DD and if you are too scared, then sell but I am confident this is a big winner!