Sunniva Inc SNNVF

RE:RE:RE:Is there any hope in this stock?

[vandenp]

Totally agree with Bluesguy on this one.
But you didn't need to be a rocket scientist to figure that SNN would not likely be participating in the current MJ up trend for a while, after listening to the last cringeworthy conference call.

Now that being said, I am concerned about how I'm going to get back into this stock before everyone else that thinks like us does.

Bluesguy wrote:

sovy888 wrote:
I've heard this so called worst possible time to sell argument about 3 months ago, same people that are telling you not to sell told me it's a mistake to sell now when the SP was sitting at $8, well look at it now... I sold at a 50% loss back in may and I bought WEED with the money left from this play! thankfully I managed to recover my losses and even made about 20% profit on 5hat play, so I guess it all depends on your financials but sometimes it's wise to take a loss and move on to something more profitable, if you can afford it, if not than all you can do is wait, sooner or later this should recover... it's all about timing, unfortunately this looks like didn't hit the bottom yet... GL

Good for you Sovy .....I had a similar scenario with EMH ...I sold my remaining position in May at 4.22 and it continued to drop all summer to 2.50. During that time I reinvested the funds into TRST and have done very well. EMH is only now starting to come back to life but I still wouldn't buy them based on mgmt strategy/execution. It astounds me how many people on these boards do not understand the concept of opportunity cost. Their answer is always the same, as you point out. There are some exceptions but denial generally leads to bagholding. I used to feel sorry for the people on the ISOL board but the bagholders there are so obstinate they won't listen to reason and are quick to label you as a basher. All they talk about is parabolic revenue gains while the company is bleeding red ink and siphoning millions of dollars from shareholders for consulting fees paid to their relatives and subsidiaries. Yet they still hang on even after a reverse 10 for 1 split.The SEC has shut them down since Aug24 for misleading financials and they still defend the stock.