Done All right, am sitting pretty with 450k shares. It's enough.
Am in a bit of a hole at these levels but I did manage to accumulate a lot of shares on the way down.. in a thinly traded stock. I know 450k is a lot of shares because if I decided to sell all right now, a lot of people would not be happy.
Never did I imagine that JWCA would come back down to .50s after license was granted. Most of us expected it would bounce off .90-1.00 and keep climbing. So of course, I paid more for my shares than if I started buying sub .80.
BUT, it goes back up to .80 and I'm very close to breaking even. It goes up to $1.12, am up $150k and at 1.32, a 1/4 million.
I can wait 6 or 12 months to make 1/4 million.
The question is will my patience be rewarded?
1) Is it likely that JWCA will go back to $1-$1.20 in the next 12 months?
Or
2) Is JWCA and the entire pot sector dead, a fad.. that fizzled worse than Bitcoin?
I humbly posit that the first is more likely.