GREY:DLTNF - Post by User
Comment by
StonksOnlyGoUpon Aug 17, 2021 6:32pm
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Post# 33721266
RE:RE:RE:RE:Experience and credibility!
RE:RE:RE:RE:Experience and credibility! I've said this on this board many times, very true.
2Early2Retire wrote: 2 years ago (give or take) pretty much every LP was traded at higher SP than today. Why? Everyone over evaluated these legal weed companies. Two years later we are at levels that are more reasonable for a new sector. I know some folks bought in on DAY1 at around the $2.50 mark. If you are still in, I get it you're pissed, but you need to realize that is on YOU. Hell, I bought in at $1.52 thinking at the time it was a good deal, while being mostly ignorant of SP volatility for an emerging market.
I learned. I researched. I talked to people who do this for a living. They all agreed I may have bought in too high.
During my research read D9's Phased plan. As far as I can see, they are meeting their stated goals or adjusting and pivoting as the market matures within the timelines they set out.
I like what I see, and feel comfortable placing my money down. I've averaged down, and am now in a position that I feel very comfortable with.
Patience is required. That said, patience and investor good will can only go so far.