RE:RE:RE:RE:Lots of can't beat ‘em , join ‘em (shorters)Yeah I get what you mean, but VGW has multi-year contracts, so not to worry about people catching up, and to be honest for seeing how long it took them to get the plants growing I think they are better off just using VGW to extract. Plus what people don't realise is VGW has 90% active content in their extract as medipharm and others have only 70-80%... So VGW BIG ADVANTAGE HERE !
I know it's hard to see the price drop etc... But that's part of holding long term and beleiving in the company, and if you want to sell, I would not do it now as the RSI on the 1h and the 4h are getting oversold... At least wait for a bounce, but this is more like an all out dump and usually there is a nice bounce when we hit bottom...
Anyways for me this company is AMAZING long term hold I beleive, I got in at 2.35$ and was able to do some swing trades to get my average down to 2.20$... And had bought LABS at 2$ and sold it at 3.21$ and bought VGW at 3.02$ (So it's like if I got those shares under 2$ so I'm happy !)
I preffer to hold shares and wait it out as I beleive many people are not aware this company will do HUGE numbers... Just look at LABS share price when they anounced just a 35 millions $ contract it did almost 50% upside...
GLTA and DO YOUR OWN RESEARCH !
Peace !
TBM
jcuerrier1 wrote: Thanks for the reply Banana Man.
Just to clarify I did not mean Valens is losing advantage because of current stock price drop.
I meant while we are all waiting months for an awesome financial report so the price can finally hit the $4.50 price target given last September, many other LPs are catching on that extraction is the new game and developing there own abilities so the ‘exclusiveness premium’ Valens currently enjoys may be diminished somewhat by then, and reflected in the price by then