GREY:ATTBF - Post by User
Comment by
goldylocks1on Jul 15, 2018 8:31pm
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Post# 28318996
RE:RE:RE:Deciding to buy or sell?
RE:RE:RE:Deciding to buy or sell?Unfortunately though, many people make the biggest mistake which is to hold on to your losers. They’re too afraid of missing out if (IF, not when) things turn around. Think of the opportunity cost where your money could be put to work more effectively than sitting in this loser. There’s always a chance that things could turn around, but first they have to do things that would lead me to believe that this is even possible. As of now I just don’t see it. My guess is they started this company with the plan of July 1st legalization and thought that if they used enough popular fad words (cannabis, block chain, vertical integration etc), that they would get bought out at a premium. They calculated wrong and changed course (basically giving assets away along the way) , but will have a difficult time raising more funds. Even if they do, it’ll be at about 10 cents a share now. All those people who got in higher (majority of people) won’t be happy about that. And management will just continue paying themselves with low priced options and milk this thing as long as people are dumb enough to invest in it.