NewbieHave owned WEED for almost 5 years (large portion through Bedrocan when bought out by Canopy). Average price was less than $3
Have bought and sold through the years my non-core postion of 20-25%, all held in multiple tax sheltered accounts. On paper, I have made a 7-figure profit and will not sell my core position as I believe in this company long term. Sold all my Aphria and Canntrust a couple weeks back and made a good profit. Canopy is my only MJ position right now.
I have been investing for almost 30 years and have made more than I lost, but I have had some nasty losses and learned from them. I believe in making money on the way up through my core position, but will trade my non-core to make more money. I currently have a "buy" at $39.80 with the proceeds from my previous sells of Canopy. I tend to use the RSI as an indicator and when it gets to around 30, I will evaluate to buy and when it gets over 60 "sell" some of my non-core.
GLTA