RE:Apogee Vulcan Lily advice please
MichaelCanadia9 wrote: Hey Lily, Vulcan, Aogee. May I ask for your opinion ? I'm a small player with Fire 15,000 shares and can call myself a bag holder. Unfortunately I bought high over $2.00 and have only averaged down to .54 cents . If you were me....would you buy more supreme stock in the .30's and try to average down to 44 cents or hold on to June and convert to Canopy and take the loss ? Again a small play but would be interested in your thoughts as I respect each of you individually. And Vulcan I hope your healing
Michael, I think I'm the very last person you should be asking for advice on pot stocks. The past few days I've been wallowing in my soliloquy, first "to buy or not to buy" and then "to sell or not to sell". I thought I was becoming Hamlet.
Let me tell you how bad I am of a pot stock investor. I started with 30,000 Tweed shares @2.75 (total investment 82,500) in April 2014. I now have 600,000 Supreme shares @.45 (total investment $270,000). If I convert my shares to Tweed, I should get around 6,600 shares.
I've more than tripled my capital and reduced my share count to around 1/5.
And it took me 7 years to get there. Holy cow! I'm so impressed with myself.
You have 15,000 shares @.54, so you're down but not too bad. I'm still down 30k. If you've ridden this stock all the way from 2 bucks, then what's there to lose? If you're not running into some sort of pecuniary problems, then let it ride!
There are certain things I'm better at, such as real estate investing. I can immediately tell by looking at a house what should be done to maximize profit; what the best layout should be; cap rate and ROI; whether or not it's a good or bad deal; how to come out ahead in a negotiation. You said somewhere that you're a retired executive in your 60's so you're about my parents' age, and I wouldn't dare to be sententious to you, but you've asked me for my input, and I have to be honest that as far as my Supreme shares are concerned, I'm still demur now that there might be a possibility that the deal might fall through. But I doubt it.