GREY:ALEAF - Post by User
Post by
Ace2018on Oct 23, 2018 3:38pm
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Post# 28859055
Sell Off
Sell OffThis is an industry-wide sell off. It is not company specific. It's wiser to avoid following the crowd in such a stampede.Bide your time. Do your due dilligence. If the company YOU are invested in has solid fundamentals, then HOLD. The fever can be catching. Especially as you watch you investment money diappear.
I believe much of this sell off is early investors taking profit (a common market actiity). Now that the thrill and anticipation of what MIGHT happen has happened, investers need to look carefully at the cannabis company(s) they've invested in. The days of big promises are quickly turning into days where results need to be seen.Soon, cannabis companies will need to start showing some profit and their financials to start trending away from the red. Without a profit there is no reason to be in business - and certainly no reason to expect continued investor interest.