RE:Put this stock in a drawer and forget about itWell that is fine for some people but with the volatility this sector has its much better to actively manage your portfolio. Don’t kid yourself it can always go back down. IAN is just bouncing off oversold but it has a lot of work to do.
Masterbuilder wrote: If you haven't loaded up your buggy under $4.00 you are likely to chase this stock upwards from here. My last post was some time ago and I made it very clear that there is strong demand for this stock and the traders know that the smart money wants at least 2x-3x from this story. You cannot fault management for attracting top talent to bolster their team. Moving from packaged goods (big brand names) to the cannabis industry is cool, but as a career move, maybe not so smart. You have to incent top talent to walk away from prestigious digs to dive into the weed biz. So, full marks for management being forward thinking and a slap on the wrist for messing up the structure. What you have now is more horsepower to execute and to the ability move quickly in advance of regulatory shifts that are only going to be positive for IAM and the industry. My personal view is that there are going to be just a few big names in corporate cannabis in the US, and IAN will be one of them. I would disregard all the negative comments, worry warts and chart enthusiasts. Instead, I would take a long walk, and when your head is clear, ask yourself one question... "Where will this stock be in 3 years' time?" My bet is that is more likely to run through its former all-time high than it is to tank. Put the stock in a drawer and forget about it.