RE:Best of luck to longs and calm down StarSearcherLily, thank you for your excellent post here. I've also given it a thumbs up, in praise of putting together something well written and articulate. A joy to read.
But this eludes to my first point. It's not a matter of whether I agree with everything. That actually doesn't matter. It's that you took the time to explain your point of view, and that alone is a success.
The reference to the Clown Car is NOT in any way a reference to those who decided to hold and rie the stock all the way down. I've certainly made that mistake before, fortunately many years ago now. The Clown reference is to those who are blindly married to the stock, and won't even so much as entertain a contrarian view. They take such a view as somehow denigrating their baby, and they immediately go on the attack. Unfortunately however, they go to the lowest form, personal attacks, and offer little to nothing that adds good food for thought. I've often said that I WANT my views to be challenged. In fact, I try and do that to myself regularly. But finding that challenge here is rare to non-existant. The Clowns stick to their irrelevant one-liners. Look no further than Homestench for endless examples of this.
On numerous occasions, when I take the careful time to post my thoughts and the reasons for them, I ask for valid and well-thought rebuttle. Unfortunately from the Clowns that just doesn't happen. Ever. They wear their cheerleading badge as some torqued badge of honour, forgetting that the reason we're here in the market is to make money.
What seems to irk them the most is when I change my mind regarding saying it's time to buy, or time to sell. Always, I post the reasons why. But the clowns cant handle that, thinking this is some kind of mutiny or turncoat. Ummm, no. It's making money in the market. Again, they attack.
As I've said any number of times, the market will teach them the lessons I can't. These lessons are well in progress, and they have lost a lot of money. I don't wish any ill will on anyone who loses, nor do I take any satisfaction rubbing their faces in it. However, I absolutely do draw the line at outright stupidity, and blind support (in either direction).
The the true newbies here, the Clowns have provided an excellent lesson in what NOT to do. It's a classic mess of their own creation. The reason I bring them into focus is twofold.
a) To warn newbies of their folly, and the reason for it.
b) To give them a true shot between the eyes, before they wash out completely. Should I care? Perhaps not. But I remember my own shot between the eyes from someone far more experienced than me at the time. I didn't like it at the time, that's for sure. But in hindsight, it probably saved me.
Anyway, thanks again for your post. Greatly appreciated.
LiLy2021 wrote: I want to start off by saying that I no longer own a share of this stock. But I want to say a few words, to a few people, especially the longs. I am sorry that you have to battle not only the unrelenting diminution of the share price, but also the ineffable sneering of some very inconsiderate posters.
What looked like a quick glance at the board turned out to be a couple of hours of reading.
StarSearcher, there's no need for you to put me in your Clown car; I have been there for the longest time. Not only that, I am also opposed to you appointing WeedTheNorth to be the driver. I believe that nobody deserves this position more than I do. Think about a cannabis stock investor who's as early as I am (April 2014 when Tweed IPO'ed) who did not make money. And here I am, a seven year saga and I'm down +$15,000 Tweed and -$53,000 Supreme. A "handsome reward" of -38,000.
There was a time when I had 30,000 shares for an average cost of $2.75. Only to sell them at $3.50 after three years of hanging on to it because I had strong convictions that it'll become big one day. Yodalayheehoo did make $2,000,000 on this stock. He had long before expressed his desire to retire once he makes 2M from Tweed. And that day came. He had his post date stamped when he sold everything save 1,000 shares. But what baby Yoda failed to tell everyone here was the fact that he sold his shares at $17 (the price needed for him to make his desired profit)--and only a few months before the SP had a frantic run all the way up to $76. In other words, had baby Yoda waited a few months longer, he could have made 8M.
The irony of Yoda's story is that he neither based his decision to sell on technical analysis nor the company's financials. It was pure emotion. Being as savvy and experienced an investor as Yoda, I would have liked to believe that he was able to tame his emotion much better than someone like me can.
While I believe that there's nothing mendacious about what StarSearcher is saying about the company, the short position, burn rate, management rapine etc all made available to the public, and he's not the only person seeing this; hence the sentiment is reflected on the share price. I believe StarSearcher needs to comport himself with maturity. This is people's life savings. They're honest, hard-working people, just like you and I, who risk their capital in hope for a good return. How could you even find any kind of amusement in people's loss? Did you know that Mr. OptGreen had his retirement savings invested in this stock, and I wish for "the proverbial worm to turn" (Are you referring to Shakespeare's "worm" in Henry because I can't see the correlation between Tweed and this worm) so he can take his "handsome rewards" and retire happily ever after.
I enjoy your posts on macro- and microeconomics, the stock market and stock picking in general. As an investor, I don't want to be sung lullabies to all the time. I want to hear balanced views of the stocks I own, and that can help me make better and informed decisions. I'm beginning to think that maybe the complexity of the stock market is beyond my ken.
Finally, how did HomeStretch confound Lou with StarSearcher? Lou needs some serious reviews with grade 3 grammar whereas StarSearcher's writing has been nothing short of spectacular. ;) If your wife is beside you laughing, tell her that I think she should do more to keep her man entertained.
I'm thinking about getting back into Tweed to see if there's a chance for me to make my money back. But considering my luck so far, I'm afraid it's going to be another "buy high, sell low" again.