RE:RE:RE:RE:RE:New Article: The one and only Namaste Technologies – Part 1The article was not a Chris Parry article, it was a Braden Maccke article. Read it again. It is not a complete bash. It is asking the right questions. Namaste has a great team,amazingly transparent to shareholders, dedicated, visionary, and clearly on to something that no other company in the sector is even pursueing. Potential is there and if it all goes to plan huge returns in the long run.
The article is not questioning those things. Investors are picking thier horses.now to ride the rec wave of gains. It's a short window and the biggest run of the mj space began this week so investors need to know the answers to those hard questions now, not 6 months from now. Margins? Market share? Company's Product Markets? Overall Fundamental Picture? Rec? Med? Pieces of the Puzzle Fit How? When Exactly? Namaste's ideas of where they want to go are great, but investors are here to make money and they want to know why they should bet on Namaste for the next 6 months over all the others.
I think in the long run, Namaste will do well, I like their outlook and thier dedication and their disruptive technology. However, the companies that will make the most gains in the next 6 months are those in the rec space and furthermore those in the rec space with product contracts already in place. Simply, it's timing. Why bet on med when everyone is flocking to the main rec plays? N is on the wrong side of the market trend currently, but that's not to say they won't be on the right side of the trend next year or the year after.
I held N shares since .17 but have reduced my position. I still believe they will go far in the long term, but I still need to make money in the next 6 months. When all of thier pieces of the puzzle align, I will increase my position. But for now, I don't want to miss out on rec gains.
Like Bruce said, " There ara alot of grandmas out there who down the road are going to realize they bought the wrong stock."