Supreme Cannabis Company Inc. (The) T.FIRE

OMG I bought at 3.15!!!!

[TheLizardKing]

My rent payment is due next month and I'm down 6k. I'm freaking out. This better not tank like everyone is saying. Please tell me some good news! My wife is going to kill me.

[ssspennny]

dude relax it will bounce back. The only people who get hurt on a rollercoaster are the ones that jump off

[RelevantInfo69]

Or the ones who ride a heavily-hyped but rickety one that breaks down mid-ride. FIRE would be a good name for a rollercoaster like that.

[JRSDIRECT]

For what it's worth going forward start to separate "Living Money" from "Investing Money" going forward. GL! 

[Matt743]

People, I can't stress enought, that even if this market it looking good, you should never invest anything you are not willing to lose. If your going to invest long, returns will most likely pan out with a reasonable company. Don't put your investments all in one basket. Don't pull out low. One example, I invested in THC Biomed a long while ago before it got hyped, had a couple grand

[JRSDIRECT]

Couldn't agree more. "Equity Market + Time Limit + Non-Diversification + Funds for Living = Financial Disaster 101. Be responsible. 

[TheLizardKing]

oh man... I better sell. Thanks for the advice.

[Foxx248]

I'd never sell at a loss ... it could bounce back in a day, a few or next week. Generally that's what it does if you sell when you're down. Then you'd kick yourself. 

[x4n2t0x]

You're going to lose your money, wife, kids, job and everything else meaningful in your life.  LMAO.

[catchup98]

Isn't your rent payment due every month? To be down $6000 you would have had to invest $17,000 in a single stock. That was foolish. But, I am confident it will move up. by how much, time will tell.

[JRSDIRECT]

Worst. He's down 0.33 per share. Not a third. So he must have invested somewhere arond $55,000 ($55,000 / $3.15 = 17,600 shares x 0.35 loss per share = $6,000). Total agree - never go all-in on anything, ever... GLTA.

[catchup98]

That's right. Should have said 17,000 shares, not dollars. A lot more to worry about than a rent payment.

[weedinvestor]

stock market #1 rule, don't play with money you cannot afford to lose. That said just wait a couple of days, the entire sector is having a bit of a pullback, Supreme is down on lite volume, traders taking profit, this will be short-lived. IMO

[Foxx248]

Yes, think "toilet seat" ... as soon as a stock goes up or down, it's likely to do the opposite soon. The way I got into this sector is I bought a modest amount of one stock and waited a few months. I'm now up considerably on it and wish I'd bought more shares. Once that was up about 100% I decided to buy some other MJ stocks (not the same one) to spread the risk around. The

[UltimateEvil]

Guys Spit the hook already 

[meowmeowmeow]

Imagine having to bag hold -55% for a year.  Posted: January 11, 2018