Cathat3of9 wrote: I knew of the short term down side possibility but to have sold would be risking the guaranteed huge upside that’s coming. We went from 39 to 32 but one day will be in the hundreds. Trying to get a few extra pennies here and there by risking losing out on fortunes is not a game everyone wants to play.
As for marijuana retail stores if they allowed selling in grocery stores like beer is doing more and more of it would be alot easier to have things ready. Perhaps no one is ready for this though. Lots of people would argue that there is not the customer service to advise new users especially of
ingestables which stay in the system longer. Also stores may not want it right away because of stigma. Also Lps may prefer there own stores for the sake of promoting there product and customer experience. Grocery stores would also likely have less variety.
Cathat, I still don't know what you are saying. The only discussion worthy of merit is one that deals with facts. There are too many "ifs" in your post. You are focusing on the delivery of the product to the consumer in your post. You are an investor. The logistics of the industry is a moot point. It is not in any investors control to surmise or even bank on the delivery aspect of the industry. As shareholders, DD is limited to facts. Use the facts to determine you entry or exit points in any postition.
In this industry, we have seen that only hard data moves shareprice either up or down. As soon as something factually rewarding to a heavily capped LP is announced in the media, it only takes 2 minutes to move the LP shareprice in either direction. That is BOT controlled. If factually rewarding news is announced for a minor player in MJ, you have all day and usually the next day to act before it reaches the masses. How many times have we seen that happen to a minor player, look at it, hem and haw, do not buy and, sure enough, we see a 5-10% spike? Unfortunately, by the time any of us make a determination on the news, we are too late.
This is scepticism. It has gripped any potential investor, crippled any recent investor and troubled any long in any position.
The worst thing that can happen now is a solid bear week. All the charts (hard data) indicate we are in an extremely bear market in this industry. Yes, there is a buyer for every seller but remember, the bots thrive on that and they create the volume trading house to house. On the retail side, you will not see any buyers unless they are either, ignorant and novice, and/or subscribe to contrarian investing.
Contrarian Investing is an
investment strategy that is characterized by purchasing and selling in contrast to the prevailing sentiment of the time.
Sky, you mentioned that looking at peoples profiles and the number of ignores they have can help determine if there a decent poster. This may be true but keep in mind that the more some one posts the more ignores they get. Even some of the most popular posters on canopy have over 60+ ignores.
Also the longer some one has the same profile the more ignores they get. And the greater number of stock boards a person posts on the more ignores they get.