GREY:DLTNF - Post by User
Comment by
Anschutzon Dec 30, 2020 12:42pm
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Post# 32197954
RE:RE:My New Year's Wish
RE:RE:My New Year's WishThe company has been trading for over 3 years. By long term I was referencing anyone that had bought the ipo in 2017 or anytime in the run up to legalization in 2018... it doesn't really matter though as the same applies to anyone that bought in 2019... or even part of 2020 for that matter. Throughout that time the share price has only declined while others went higher. Additionally average daily trading volumes have also declined demonstrating there's no market interest. Holding a stock "forever" that has only gone down in value and pays shareholders nothing while holding/waiting is not Buffet's style. It's a fools game.
DirtyCadillac69 wrote:
how can a company that has only traded for a couple of years on the public market be failing long term shareholders? If you are trading daily, weekly, or monthly you need to re evaluate what you are considering a long term hold. "Forever" is always the ideal holding period, at least in Warren Buffett's battle-tested investing philosophy. If you can't hold that stock forever, truly long-term investors should at least be able to buy it and then forget it for 10 years.Mar 6, 2015 If you are robbing the grocerie fund to buy stocks you should get used to being skinny for a while. Hold long get fat when you are old and rich!