RE:i am on the last pathway, last stand :(That’s a lot of money...to be honest, I have unrealized losses with APHA that are significantly larger.
I am definitely not buying anymore weedstocks! Far too hard on the nerves! What a nightmare.
Definitely not selling either. But I am not in need of the money for awhile.
Many of us on this site bought into the hype. I cannot believe how terrible a misjudgment I made; though I intend to give this another couple of years. Who knows, I owned Air Canada from 4 dollars to 22. I cannot believe I sold a lot of my AC (now 45) to pick up APHA at 16. Averaged down to 12.
I am reaponding not to tell you what to do, I am responding because you sound desperate (what do I do with my life?).
I have accepted the fact I gambled big and lost.
You sound like you are still gambling.
Please be careful. Not knowing your particulars (age, total debt load, job, family, etc) it is difficult for anyone to offer advice.
Is there a trusted friend or family member you can talk to? Someone who knows your overall situation?
My only caution is you already sound like you got in too deep, you are not alone there, many of us did. I don’t think going in deeper is healthy.
Whatever you do, try not to let this ruin your life. BTW, I suspect there are more folks out there than you may think who are desperately trying to figure out their next move.
The first step for me was figuring out who was at fault...which in my case was me. I was initially angry with the Neufeld’s and Aceto’s of this industry...the truth is I bet way too much money hoping for a big payoff. Now we have to endure this implosion and hope we turn a corner...and soon.
As for the know it all and caustic bullies who will come out and chastise and ridicule and say they told you so...don’t listen to these jerks. These cyber bullies have issues. They fail to understand that some folks are in real trouble and now is not the time for abusive chastising.
You (we) made a mistake. Try not to compound it. Most of all, try not to let this define who you are.
Determine a solid path. Most of all, do not go jumping off any bridges. Life is precious, this too will pass.
Nathan2018 wrote: ill get straight to the point :(
I am down 45 000$ in APHA. that is 45 000!!! I am down!! total money i have in there is 130k! about 60 k is mine and 70 k is LINE OF CREDIT....for the past 6 months i have been paying inererst which as gone close to 2k now.
my average in apha is 12.49!!! i bought it at around 14.27 something and average down using 30k to 12.49!!
i have another 30 to 40k of my own money....maybe i can get 40 k out of tfsa...and i got another 50K line of credit from another bank!....
and in aurora i am down 10 000$ in tfsa account....in tilray i am down 3 to 4 k USD and in tgod i am down 4k in tfsa...
i dont want to do the math but i am down all my savings and more....
wtf do i do? wtf do i do with my life?
something tells me use the other 50k line of credit to buy apha for 5k before earnings...if its bad...sit on it till it hits rock bottom and starts to come back and use 45k to average down to (basically the same stock price)...and wait till it goes up to make some....
other side tells me....get the 50k .....get the 40k out of tfsa.....thats 90k...and get your 40k and put in 130k in apha....and average it down to basically 2 dollar above the stock price....
if apha goes to 6 dollars....and i put in 130k....i bring 12.49 to 8 dollar....(2 dollar above)....
someting tells me in oct...lots of LP will release partnerships....
but i feel sick to my stomach.....wtf do i do?
Read more at https://stockhouse.com/companies/bullboard?symbol=t.acb&postid=29968935#pxfsoK0oiXH5tk1m.99