When your claim to fame is a wonderful investment called Matica, and you wisey put your entire life savings ($750,000) to Buy 1.5 million shares of Matica, and when you are real tight with Boris the CEO, and you also have connections to the investment gurus known as the FTM crew....well then you have it made to make an obscene amount of money.
But wait....Di jr or daveknowsbest....make all kinds of money in spite of having all the righ connections?
Well he sure thought so in 2018 when he wrote the following:
Post by daveknowsbest Apr 28, 2018 10:09am daveknowsbest 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. Yes, he was very confident an cocky as he was buying like a drunken sailor!
But, as always, the proof is in the pudding and for that we must look at a chart the shows what the trading was like in Matica back in 2018, and also gow his 1.5 million shares have appreciated since then.
Exponential Moving Avg (200) ——Exponential Moving Avg (50) —— Yikes, it isn't trading at all...as a matter of fact it is worth nothing!
But dave has a great sence of humor and loves to be known as Mr Ed..
As such, here is how he has handled his $750,000 loss.