TheRizjackal wrote: Labsys7 wrote: GFinancial wrote: You always....ALWAYS, have to take profits. Some people here think they're going to be billionaires or something. For a guy like me to make $330,000 profit on ONE of my holdings....I feel it is my responsibility to myself and my family to walk away for now. If it goes up, it goes up....im okay with that. My goal is to be comfortable. As a 42 year old dad who just paid off the remainder of his house last year, and now have more than a quarter of a million dollars in the bank, and have more holdings in other companies (not just Marijuana related), I can be proud of myself, and be greatful that my family has security going forward.
Now this is a much better and respectful post than "enjoy the crash guys" . I am happy for you , very well done. As far as where this is going from here all I can say is that the Nasdaq listing will be significant and so I see lots of upside from here
Well said Labsys7 (Re: GF post),
I was thinking EXACTLY what you just said. "Enjoy the crash" was not a classy way to bow out, GF. Leaving on such a Sour Note tells the Story of someone who is perhaps unsure of His Decision. We've all been there and will be there again and again. I really hope you don't end up chase buying later. As long as you don't, You Win. I guess it just comes down to you don't believe in the company or never grasped what they're on the verge of Achieving, and for you it was knowing the numbers and where the stock would hit at a minimum and maybe you had your exit point pre-determined. That's cool too.
Your reasons for cashing out were actually very logical or rational, yes, and MOST people would have to say you made a Wise choice, especially given your position in life, wanting to start establishing that sense of Financial Security. Agreed, logical.
But for the rest of us choosing to Hold, we are In It To Win It. I genuinely see GREAT things for Namaste, both in the near and far future. They have continued to Deliver, time and time again. The Game has just now begun and their hard work is finally culminating into something pretty special, something very unique, in a New Industry that will dominate the talk and investor focus for the next 5-10 years.
Again your return was fantastic, Congrats, but I feel you raised too heavy after the Flop and scared off the rest of the Table. You had a pair in your hand and the flop gave you 4-of-a-Kind and you could've slow-played the Table, adding to your pot by simply checking, and at least stuck it out to see the Turn and even the River, to add even a little more....and that's my point, You won the Hand, sure, fantastic, but you left money on the table - money I think You know was there, if you're Honest with yourself.
My FIRST THOUGHT when I read your first post was not, Damn, that was rude, no, it was, WHY didn't he just sell half?!?! You've sat patiently and waited for this long, 30 cents was long ago, I first got in at 25 cents, so why not take the approach of selling HALF those 100K shares, realize those gains, and sit on the other half? It's a sound approach to take, especially since you mentioned you would wait for the sp to tank before buying back in so clearly you still fancy Namaste.
As the momentum for this stock continues to build, momentum for this very company, there are just too many imminent catalysts yet to materialize - the Sales License, Pledge Party tomorrow (with expected news), likely media attention coming Nam's way (finally), there's the Nasdaq uplisting which is painfully close also. There's the much talked about October 17th legalization date, growing patient count on NamMD, there's even a few others - Uppy, International expansion, for example, oh and who can forget the rumours of possibly Canopy pooring some money into N? Anything is possible, Namaste is NOT Canopy's competitor, quite the opposite.
I truly believe Namaste has the potential to join the Big Boys in the industry, to be talked about alongside them, as an Equal, an Industry Peer.
The uplist to the Nas is NOT FULLY understood (Tilray should be remembered) - this was posted earlier today by someone else, but Americans love the two things that Namaste happens to be - Cannabis & Tech rolled all up into one. Investors will LOVE this stock as they have a tremendous appetite for all-things cannabis right now. Couple that with Nam being a Tech stock also, WOW... as others have stated at nauseum on here today, there's no real way of telling just where the stock might run too, I won't hazard a guess, but we all know how far the US Exchanges can run tech stocks up, tech stocks with global appeal. The combination, cannabis with tech is just too incredible, especially when you know the LPs want to work with you.
You mentioned you recently paid off the mortgage. If I were you I might have been a little more inclined to then RISK a little bit more, no? Maybe that's just me and most folks would disagree, i dunno. You sound quite confident in your Aurora, Canopy and other LP investments, so, knowing you have Security there, assuming you feel THEY'RE not over-inflated, why not let Namaste (the high risk one in your eyes perhaps) ride out, ride out perhaps on to something incredible (dollar valuations that would not just provide Financial Stability/Security for you and yours but perhaps Change your life, your future and maybe even future generations), because they have just that kind of Potential.
Maybe you've seen the run ups and downs too much but at some point, Namaste will move up and stay up and when the Picture gets more CLEAR of what they're About, I fear you will buyback in later on, and as many of us have experienced, you will say...Oh, I used to have 100,000 shares in this stock! and someone will ask, how many do you have now, and you will say, Oh, 5000!! That's what Canopy has done to a lot of folks.
Again, you made over 10x your return on your investment, that's Fantastic, but I think maybe perhaps you forgot WHY you chose Namaste to begin with - they have a MULTI-BILLION dollar idea (they're still under-valued despite what bashers on here would have you to believe), why not hold HALF those shares?
If sp drops back to where you said it might that would be terrific for you (especially if you share my extremely positive sentiment for their direction). But there are too many great things going on in the space right now, with this company, the sector itself. The sector is finally starting to differentiate, distinguish themselves, and if you noticed the Herd hasn't been following Canopy of late...more reason to get excited about Namaste...the stocks are moving on their own merits right now, and Namaste has been so tightly coiled back they can blast off ANY DAY NOW.
Take my ramble however you wish, you don't even have to be long on Namaste, but I think it's a mistake not to be. This stock has Blue Chip potential. My 2 cents. I'm sure some readers took it to heart, who knows, maybe I helped some newbie investors see the market a little differently and gave them another perspective to think about. Again, congrats on terrific gains Realized GF, just try to be a better sport about it, especially on a board filled with positive energy, amazing analysis, and positive vibes.
Cheers everyone. GLTA
Go Nam or Go Home! lol