RE:Perspective Perspective part II
Follow up to my Nov 15 post. Since then, we broke down past $0.165... hit $0.145 on Nov 18... did another bounce upward to $0.175 and came back down to where we landed today at $0.155.
As suggested previously, still seems like we are sitting around the floor (my opinion only).
Using the same point of reference as my first post (Oct 30)... Eve has had ups and downs but as of today is only down $0.01 (~6%)... compared with the Canadian Marijuana index which is down ~15% over the same period.
Volume and dollars are still minuscule... today traded ~$75k.
Eve could go up or down a penny(s)... would still be (net) very little movement in almost a month, and the price is fairing better than many (most?) other LPs over that same period.
What does this tell us?
It tells us that maybe we can remain patient... and on average over this period there isn't really anything "alarming" if looking at the bigger picture of short term price movement, and further contextualized by how the sector is performing.
And if someone claims that a single day (small) drop is doomsday, well, they are inaccurate... same as a super-pump for a single day (small) rise.
Eve is in limbo... it ain't doing anything right now (on an average basis). But it should move, when it's strategic objectives start coming to fruition and flowing through to revenue... HC approval, 2.0, Germany and other fundamental boosts should be on the horizon.
Yes, yes....... there is risk. Lots. Don't invest without knowing and accepting these. Price can still drop or rise... yes, yes.
But also, don't let the silliness of posters (eg on Stockhouse) persuade, dupe, swindle or sway you from your investment if it remains sound. Emotion or silliness aside, is Eve still an awesome play?
Your call.
Don't trust me because you don't know me... and don't trust anyone else on this board. Especially when it comes to price predictions... because the only price that anyone can accurately provide, is one that is in the past... future price is ours to predict, and is a risk & responsibility only we can own (unto ourselves)... unless you are acting in the appropriate capacity to provide such analysis (an advisor, fiduciary, etc.) it is inappropriate.
But I am long Eve, confidently. That is my choice (but also, mine alone)... I am highly optimistic about this company's future, and its management.
Peace!