RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:My thoughts
Everyone in the market is here to make money,shorting or going long.Our down side risk is way smaller than our upside risk.My average on 315000 shares is .15 and i thought of selling at .20 for a $15000 profit.But this stock could have shot up and in hindsight I could have sold and bought back lower.However ,in my trading of 20 years I always miss the big big gains by selling too early.I told myself stop trading this one and sell some in the $1-2 and let some ride .Had Weed at $9 sold at $15 for a nice profit and then it goes to $60.Not this time for me,I'm going to be disiplined and let it ride.If it goes bankrupt I lose $47000 but if it hits $1=315000,$2=$630000 and so forth.This is how lots of $$$$ is made-not daytrading for penny moves but holding and selling with big gains.I've learned the hard way where on at least 7-8 stocks i could have made multi millions and not the measly thousands I cashed out on.It does take more guts but I think we are given a gift with ZENA at these levels.I don't think we get to the $6 range in the near future but if management does not mess things up amd the mj sector starts treking up, $1-2 is very possible.Don't worry about valuations too much ,this market is a da$m casino that doesn't make sense more often than it does. GLTA