NOTHING HAS CHANGED! Besides the overall general sentimentHey Guys;
I been pretty focused on my insanely volatile "trading plays" like TVIX, and IBIO in particular which Thank God have kept me from slitting my wrists lol, and other "trades" I dont got the same long term FAITH & CONFIDENCE in as I do in Score Media aka LEVY!
(ie. I dont need to watch this stock or read this board truthfully as I already know when I invested in this company and where they are going! I bought a bunch of shares at $0.80-$0.84 on last run which now down 25%+ but not sweating it one bit!!!)
I havent posted here much lately BECAUSE NOTHINGS CHANGED besides the sentiment in the general overall markets! I havent posted my Technical Analysis because charting a thinly traded illiquid venture stock in these incredibly panickly moments is irrelevant and I'd be kidding myself to tell anyone where I think Score will close end of day.
I been bit$hing to everyone I know for years about how overinflated this market is, how the fed has bailed everyone out every time, and how WE NEEDED A CORRECTION AT MINIMUM... the fed, and PTB just needed a catalyst or reason- sadly I believe this "Corona Virus" is or has become THAT REASON to sell, re-allocate, re-position themselves in the market!
Only thing holding America/China up was "the consumer" !!!
Although I personally believe we are over reacting at this point, the "POTENTIAL FUTURE SCARE" is TERRIFYING managers, and retail alike.... because if consumer stops spending the economy is dead in the water! As will these stocks valued at tens if not hundreds of billions of dollars losing money hand over fist with PE multiples at like 200-300X which is just rediculous
VIX AT 46 THIS MORNING IS INSANE AND IT WILL NOT STAY HERE- there is mass panic in the world and this is where MORE millionaires are created while others that were greedy hogs get slaughtered!
I have said it before BUT will say it again, cash is king, and it is times like these where you really do (if you can of course) need to take advantage of the current stock price. I didnt give a f&^%$ about buying 3-5k here and there simply to raise the closing price and make myself feel better about myself....
Instead I waited for a chance like today where I can go in and buy 20K-25K+ shares which for me is a lot of money anyways, at a time of panic where people selling are not thinking clearly.
Stupidest thing you can do right now IN MY HUMBLE OPINION OF COURSE is sell!
We will get legalization news I believe within 3-6 months, increased revenues, new states, and new partnerships... we got the funding we needed, and team assembled to get Levy where he envisions.... JUST TIME MY FRIENDS- PATIENCE!
If legalization is to happen our stock price will know it months in advance cause greedy parliament insiders will be eating up shares before it ever becomes public- much like Canadian government folks and their family/friends did with Marijuana stocks the year before it was actually legal.... I bet we double or triple by the time legalization is actually OFFICIAL hence why I am not selling a single share!
IT TOOK ME NEARLY 20 YEARS OF TRADING TO LEARN THIS MOST BASIC SIMPLE YET BEST ADVICE; WHEN IT COMES TO TRADING, SOMETIMES THE SMARTEST THING IN THE WORLD TO DO IS- "NOTHING!!!!"
For some this will be to wait and see for a better entry point...
For others it will be to simply HOLD and wait for story to unfold.
I pray for all of my fellow LONGS to make the best decision for them and their family, and we all got to do what we got to do...
I will be buying at least 20,000 shares minimum within the next week and will see you all at a buck when the dust settles. GOD BLESS!!!! BELIEVE IN YOUR DD GENTLEMAN!!!
(sorry for the rant or novel... giving the board my thoughts as may not see me post again for several days)
P.S Special Thanks to a few NEW posters who been sharing some amazing finds and due diligence - I speak for all LONGS and Speculators here when I say "we appreciate your time and efforts!"