OTCPK:GBGPF - Post by User
Comment by
holdandhopeon Feb 03, 2018 1:09pm
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Post# 27496730
RE:RE:Should I hold or sell Cannimed
RE:RE:Should I hold or sell CannimedLikely going to be cyber-lynched for saying this... but i question the same and i am not even at a loss yet. I bought both back in November... Cannimed ~20$ and Aurora ~6.80$... i'm going to base my decision on how we come out early next week. I am not a basher of ACB... but they blossomed in November following the takeover news... before this ever started they were ~4-6$.... @ 3.4 share per CMED... that's a steep drop from 20$ on the short side....much less the 38 or 40$ loss for some of the late comers.
Patiences pays off they say... but my hollistic view is much larger.... markets have been on the largest bullrun in recent history, steadily climbing since 2009... when you look at the TSX graph, last weeks "correction" looks to be at the same slop as 2009s collapse... if this correction continues, it won't just be Cannimed and weedstocks flushing away... it will be much bigger.
I don't want January 26 2018 to be a date that is remembered as the beginning of a cyclical collapse... i want to hold long and strong and grow these investments in a sensible manner... i want monday/tuesday/all next week to show a leveling of the TSX, NASDAQ, S&P etc. ...i want what everyone wants, to be an investor without regret... but dropping 10-20% day over day makes that difficult... People say: "Patience pays off.." ...but what about when patience doesnt look as prosperous and FOMO is based on speculation?!?