LiLy2021 wrote: I've been lurking around for a long time and, believe it or not, read every single post by our fellow longs, especially Aurum1983. I wanted to contribute but was discouraged by the amount of poor quality posts seen here. However, today I decided to register and become a poster because I believe I owe it to so many members whose DD have helped me immensely in making my decision to invest in this company.
I'm not new to pot stocks. As a matter of fact, I was the first one out of the gate even before pot was legalized. That was back in April of 2014 when WEED (back then Tweed) went public. Being an Asian gal, I had never seen a pot plant in my life, let alone smoke a joint. But I did a lot of research, and I saw a lot of potential in this nascent industry and decided to invest in it. I immediately liquidated my holdings in my TFSA and bought about 30,000 shares of Tweed for an average cost of around 2.75. There were times when it dipped to less than 2 bucks, and times when it went above 4.50, but I never sold a single share. The more I read about this plant, the more I believe in my investment. My stocks portfolio was all dividend-paying blue chips so I never had any experience in investing anything with this magnitude of speculation. The craziest thing I had ever done was to bet my shirt on Toronto real estate, for seeing how undervalued it was back in the late 2000's despite being labelled a crazy person. I later sold some to invest in stocks.
So, back to my Tweed stock. Reading this board now reminds me of those long, painful days. Tweed never went down to .10 like a member here once said. It went as low as 1.45, but that was enough for many savvy investors to load up. Most people on the board had somewhere between 50-200k shares. Many were loading up went it went down and I remember some investors posted their positions with 500k shares. For three years we lived like that, with the board filled of trash from bashers. I gave up! I was naive and inexperienced. I sold all my shares for $15,000 gain in the end of 2016. It took only 9 months for the shares to spike to $76 by Fall of 2017. It was painful to watch the share price matching higher and higher everyday. Don't get me wrong! I'm very happy for my fellow investors whose lives I think have changed for the better. I just felt bitter because it was the first time in my life I didn't hold on to what I really believe in. But being a glass-half-full kinda of gal, I thought people lose money in exchange for life lessons. I only gained 15k to learn a very valuable one. I'm not saying that I'd be able to sell all my shares at the top, but even if selling at various price points would have netted me an insane amount of profit.
I like Fire much more than I like Tweed at that time because Fire is a real company with top-notched product and best distribution. Tweed at that time was all pure speculation with an empty chocolate factory converted to a warehouse. There's no way these bashers can make me give up my 400k shares, no matter what they say.
Good luck to everybody. Be patient and learn from me.