RE:How lowmoonball32 wrote: Realistically could we get back to cents again ? I mean i am down a shytload, not worth selling now , just trying to psychologically prepare for further losses. Maybe these are the levels we should have remained at prior to legalizing pot. Name me one good thing that came out of our government ever being involved private business. Paralysis by over analysis on their part, maybe in 5yrs things will shake out by then.
Yeah, it is pretty depressing alright to see the carnage day after day, and to see our portfolios take the pounding that they have. Maybe you are right about perhaps these should have been the levels we stayed at prior to legalization. There are just so many factors that have contributed to where the sector finds itself now and I beleive we are a long ways out from the sector as a whole being profitable. Governments are notoriuous for screwing things up, and although each province does have the latitude to make their own decisions on stores, prices, etc...the federal government has butchered the roll out and should be ashamed of themselves for how poorly they handled the roll out. Canada had its chance, when we were the first country to legalize it, and we had the opportunity to take advantage of our head start and run with it, but the feds screwed the rollout up so bad, that our advantage on the world stage in my opinion is now gone and we can see how aggresive the U.S. is getting, capitalizing on our missteps. Paralysis by over analysis is a good way of putting it..really says it like it is..And in the meantime, while big business and manipulators are rapeing the financial sh*t out of investors and making millions,good intentioned investors are watching their investments dwindle day by day.OGI is without a doubt the best value of the current lps in Canada, but as we see, that doesn't seem to make a difference at this point as sentiment is so negative for so many reasons and there just doesn't seem to be any catalysts happening to jump start the sector. The sector has experienced a lot of growing pains thCEO's if they had to do it over would they do it differently..I'll bet owverwhelmingly the answer would be yes. There was no template for the new business models to follow in the new sector and we can clearly see now that investors are paying for it and losing value daily..it is a dogs breakfast right now. When year end financials are released on the 25th they should be positive and will no dobut give some life to the stock, but we need more than that..much more, because without more positive support this and other stocks will slide again because there is nothing in the way of support or news to support the share price and the shorters will have their way again. As much as I think Cannabis 2.0 will be a positive thing, I am still concerned that producers may not be getting it right as they are only guessing about edibles and drinks and how well those things will be received..i have no doubt they will be popular and money makers, but will the numbers really be there?..Canopy missed the boat on their projections on oils and soft gel capsules and had to write off $30 million dollars in product shipped back due to poor sales..and even OGI got stung to the tune of 3.7 million for merchandise returned to them for poor sales..so there isn't really anything to go by, and it will likely take another year after 2.0 to get a handle as to what does and doesn't sell..for my own part I might try an infused beer once it's on the market, but don't think I will ever abandon domestic beer, and I won't be rushing out to buy gummie bears or cookies either..but that is the reality of what we have to look forward to..will these things be a winner for the sector and be the catalyst everyone is waiting for, or will they turn out to be less than what was expected..I don't think anyone knows that..in another year that will be revisited I'm sure and decisions will be made then accordingly..it's a tough time at the moment but I'm in this far so I am going to stick it out and hope beyond hope that the sector is near or at the bottom, and that a reversal is near..I don't care if it's a slow reversal either...a slow steady climb is much better than a fast steady loss..good luck everyone!