Added to my positionFrom my chart read, when the stock printed .78 last week, it was forecasting a test of the first support zone (.68 - .72). I added to my position today and will add again either at the next support (.58 - .60), or if/when news on solid revenue results gets the price back over .85.
I see a lot of speculators/bashers on this board (I'm having to really employ that ignore feature here to damp down the "noise") and I can certainly understand a deep frustration due to management over-promising and really not delivering as of yet. My concern is not so much with short-sighted investors but whether LDS has done real damage in terms of customer/vendor relations by continually over-promising and not delivering product. However, perhaps in the MJ biz right now there is some understanding as suppliers are coming online trying to meet all the regulations and product testing requirements. It would be great if we had any contributors on this board who work in the biz and could offer any insights?! So, that is an additional concern on top of the biomass and lab testing bottleneck concerns. Having said all that, even the 300L contract, if finally met this month and going forward, makes this company fairly if not undervalued. And the capacity they are building, even if margins tighten quicker than expected, should still enable LDS market cap to expand rapidly, which is why when blood is in the streets, as it was in the MJ sector today, it was a good time to add.IMHO
Best to all!