Cash To Invest... But Is it Just Gambling At This Point? Right now I have cash to invest. Unfortunately I've already taken a huge hit on EMC, having bought in shortly after the IPO at $3.75, once at $3.25, and again at $2.60. Now that the share price hovers around a dismal (but tempting) $1.27, I'm wondering if continuing to invest is basically just gambling.
However, with the OCRC recently opening their doors to suppliers, I can't help but think how sweet it would be if EMC got a supply agreement with the (soon to be) world's biggest cannabis retailer. Of course, even if EMC lands a supply agreement with the OCRC, who knows if that will reflect on the share price, considering how little impact all the recent good news has had. Furthermore, EMC might not even be able to meet the demand, considering how behind they are on building their new green houses. Plus, I think their new brand Symbl isn't great (kinda boring), although I'm no marketing expert. Any thoughts?