RE:Linton misjudged this short term Hey Budz,
Mayham, West et al. (Not sure why I can't do a proper multi quote reply on here.)
What I want to see are those Tweed THC / CBD beverages being sold through the liquor stores, that would be sweet. Pick me up a few packs to sample with friends.
Anyway - yeah, Q report was a very low point.
Won't be until 2 more Qs next year before things start getting better. That Doug idiot give all "Dougs" a bad name with his bs Ontario garbage roll out.
I've been buying the dips in the 30s and now nibbling at the 20s. Have low ball bids in lower than 20s if tax loss season and fear takes it down anymore. On the US side US$15 is very juicy.
Freeing up some more cash for next year Jan / Feb. to take advantage of any more panic selling. Been down this road too many times.
Be prepared for anything. Take some profits when you can and buy the dips when they come around.
re: Diversified investments
Whenever I tell people to be diversified I always mean outside of this volatile MJ sector :)
So monthly / quarterly dividend and interest holdings inside tax sheltered and non-tax sheltered venues are a must for long term growth to weather any bad times coming up. (Alarm bells of contraction / recession etc are always in the news.)
Come on 2020 / 2021 show us what you got!
Can't be any worse than it is now. ha
(Ok outta here to sunnier warmer climes, hold the line, seeyaz laterz.)
Westcoast wrote: Oh man Mayham. What a mess. You know im a super bull, but how in gawd's name are they selling less dried flower? Between tax loss which will be real, and 5-8 LP's going bankrupt in early 2020, that will add serious market volatility as well. I did not see this coming, not this bad anyway. With stats cans, tricky stats, seems liked sales had increased, but it also tricky the Provincial holding pen, so you don't really know. Selling less flower Q after Q, that needs to change. Im sure it will in 6 months as well. The good news we all pick up some more shares in next while. My take on this now, as they building out starts to finish up. FDA decides on rules, maybe doug ford get enough bad press to figure out his revenge Policy's are destroying actual jobs, and he's losing money with the OCS, and less tax rev. More ONT store, but seriously, we need 500 if not 1000 in ONT. All this will take some time. Id guess 6-12 months. And this should coincide with and election, and im betting a change. Ie triggering effect. Acreage is looking really good to me. Im still here long. GLTA. yuk We will survive. There might only be one in the end...
480Mayham wrote: Remember all the hype while it was announced that Linton increased his stake. I had just loaded up some right before he did in the mid $30's I believe it was. I felt so confident I had made the right call to buy back in at this time after reading he loaded up as well. I'm sure Mr.Linton is looking at today results and understanding that maybe just maybe they expanded too quickly when he was at the helm. I realize he was eyeballing global domination and did not anticipate all the bureaucracy. I mean the Canadian government has butchered this!! I do not want to kick the company while its down but man I was not expecting this at all. Bottom line is I truly beleive we will rebound but it could be another 6 months. Its amazing how stocks are different from my mutual fund portfolio. I invested 20 years ago in mutual funds and NEVER look at it but I am killing myself looking at these MJ stocks daily. Time to shut the laptop if you aren't buying and check back in 6 months. If I had more cash to capitilize on todays drop I would but sadly I am all tapped out and in the red for a while :(
GLTA longs - tax loss selling is upon us so this may get worse before it gets better. Looking forward to 2020 when everyone who sells now is looking to get back in for the recovery. Hoping for a nice boomerang once Canopy shows better numbers in 2020.
Mayham