I have been asked to submit my past post as the demand for advice to new investors is huge.
I take no credit for this analysis and thank a wonderful and selfless investors known to ebveryone as simple jrusellhustle for his allowance of his past investment disaster in a now bankrupt company formerly known as Matica to be used as a lesson for new investors as to what NOT to do.
Thanks again to JR and to Stockhouse for making this a richer and informative forum
It would have been wise to sell all your shares of Matica when the Death Cross occured around mid 2019, however instead of recognising the peril that this would entail, you went against the flow and bought another 1/2 million shares "to keep the shorters on their toes" jrussellhustles wrote: I stated earlier that I was going to pick up an extra 300k of MMJ at $.45 cents just to keep the shorters on their toes, but as deperate as the bashers are here today, it's obvious that they can't cover at $.49, so I'm upping my buy to 500k on Monday as well just to make it even harder for these poor fools. It's great seeing these losers sweat, I love it!. Great time to buy guys, watch this stock skyrocket this week. Good luck to all those invested in Matica. Check when the death cross happened below. Good lesson here for new investors to not get greedy and don't try to keep the shorters on their toes!
