Phivida Holdings Inc. PHVAF

Took some profits to buy into VIDA

[BarstoolSage]

It's been a great ride for me this last month. Been taking some profits in other plays and picked up some VIDA just now at 1.18   Am big and bullish on ISOL and see VIDA as another hemp based play that can go places that the MJ infused products can't. 

I only have 1 MJ play left, EMH, that has done great for me and has allowed me to establish solid positions in TGIF, MWM and added to my NXO while still holding a good position in it.

My take is that the Canadian MJ plays are a lot of hype at this point. I expect lots of disagreement and statements like the sector has room left to grow...but at some point WEED and APH will retract and drag the sector down with them. So I may be early, but diversification into other plays and sectors makes sense to me at this point when my returns have been so stellar.

I put profits into MWM, a disruptive organic waste management firm and NXO, a company that  is set to disrupt the lens industry. I also turned south to TGIF for its dominant MJ position in Nevada ...plus it has hemp

Just saying this because I see VIDA as a solid play in the hemp infused product sector. Couple sound management, solid opportunity, growing market, well capitalized company with a really low share float...and it's a great recipe for SP growth. So I am happy to be here. I've actually had my eye on it since about two weeks before the IPO

No SP predictions, (I find them useless) but here are my milestones for this stock. Note they are based on my own investment approach and discipline so I can remove as much emotion as I can from my decision AND if I go contrary to my set milestones, it will be based on an entirely new fundamental analysis.

1) I will sell if the SP goes below 95 cents to protect my downside
2) I will begin selling at $2.25 to take profits
3) I will sell by July 1 2018 if the share price goes sideways to nowhere.  

I've laid this all out because I do not want to be mistaken for a pumper or basher and show you I am a serious investor who couples serious DD with a disciplined approach. It does not always work out for me, but over time, I have won more than I lost.

Except I see I am now down 6 cents a share LOL

[VENMan]

Barstool we seem to trade in much the same way. I took profits and moved them into VIDA as well at $1.29. Today when I saw it slip I had to sell stock in other companies but managed to pick up 15K at $1.04 brought my average to $1.20. So wish I would have gotten in on day one. My target price was 75 cents and I would have gotten filled but missed seeing the news. You mentioned EMH. I like them as

[Mjman17]

Wow, it was you picked 1.04. :-). I got reloaded more for 1.05. Cheers

[VENMan]

Yes when I saw $1.04 I quickly sold some TRST and put bids in upto 41k at $1.04 but only managed to pick up 15k shares before the price went back up, so I cancelled the remaining order and bought back TRST. Now hold TRST, FIRE, VANC, VIDA, CM. Best of Luck to all !! 

[Killerboots]

Venman, quick question.. are you still holding CYX and LTV? I checked some of your old posts and saw you were interested in those at one point.

[VENMan]

Killerboots, No, I do not hold CYX or LTV any longer. I sold LTV, 50k at 50 cents because they took way to long to close their financing and I sold 300k CYX on news that EMH bought VANC. So, I hold 350K shares of VANC at 30 cents. Still buying VIDA on dips. I was just doing a review of ISOL and it trades at 12 times book value but does have sales. If VIDA every does the same we would be at $4.60

[Killerboots]

Thanks for the quick reply and happy new year to you as well!

[PadaniaLibera]

Watching it since it started trading , i will start a small position on it tuesday .. looks like a Bull Flag formation could start if it could break the 1.26 level !!!  Good Luck to all 

[xishuangshan]

Tommorrow VIDA may open strong and going up...close at 1.4 level I guess.

[BarstoolSage]

Venman, where do you see ISOL has no sales??? Last Q (Sept) showed just over 5mill and some project 60million for 2018

[BarstoolSage]

IOops sprry Venman===seems I can't read very well :)

[VENMan]

No worries, Happy New Year!  :) 

[Killerboots]

Venman,  quick question for you..    If you're interested in companies that EMH has made an investment in... why not consider an investment in ATT for the extraction technology...  99% purity and ability to process 50,000 kg biomass per day!    Compared with RTI, 95-98% purity and 1,500 kg biomass per day.    Cheers

[VENMan]

Yes, I feel ATT is a good investment as well and I would invest in that comapny. The only reason I'm not in ATT is because you have to position yourself with a decent amount of shares in every trade to make the return worth while. I'm trying to get to 100k shares of VIDA but in doing so I have to wait for lower prices and hold off on other companies that I do think are good buys. I try to