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.