RE:RE:Why Do You Respond To gordotheclownWell, as a day trader of these weed stocks, you have to understand that Gordo approaches the market from a completely different point of view as compared to the long term holders who tries to take more of a Warren Buffet "buy and hold" approach to the market.
Not sure if the buy and hold approach is necessarily the best strategy for these very volatile weed stocks. Maybe the best strategy is to take a hybrid approach whereby you set aside a portion as a long term hold and then have another portion of your holdings targeted for trading.
Now, who here amongst the long term holders doesn't wish they had sold in the mid-$14 range back on October 16th and then buy back in 2 weeks later in the mid-$8 range towards the end of October. Espeically when everybody, including the useless analysts on BNN, was saying that there would be a correction after legalization date as the composition of shareholders for the weed stocks would shift from more of the amateur retail speculators to some of the more instituional investors, but JUST NOT AT SUCH A HIGH PRICE POINT.
40hourweak wrote: Gordo is actually a really smart guy and he knows his stuff. Much of what he says is not all far off the mark.... in many cases it’s just that the Longs here don’t like to hear anything negative, even if it is warranted.
Gordo just seems to have some commitment issues maybe... lol
Flip flopping from long to short and back to long... and cheerleading both sides of the issue. But all in all... he’s a knowledgeable person and I value his input... sometimes.
GLTA and LONG AURORA!!