InvestorsHub Logo
Followers 6
Posts 79
Boards Moderated 0
Alias Born 09/17/2013

Re: kthanks24 post# 6217

Wednesday, 04/09/2014 8:36:27 PM

Wednesday, April 09, 2014 8:36:27 PM

Post# of 32302
yup hopefully. The only thing I've learned about stock trading is that I will never know what's about to happen in the sector. I'm guessing that the blood letting in the sector was due to a combination of tax season, bad pr about inflated mj stock prices, and also a much needed consolidation because the sector is inflated. There is also talk about a beef between monkeys, pigs, wolves, and a guy named Sykes. I heard over the weekend that Sykes was going to short the crap out of SPLI, MINE, ERBB, etc - and those where the ones hit the hardest, I'm in SPLI and MINE. BUT, whatever, I guess if you have a lot of followers, like 50k, then you have a herd that can move penny pps's, but the deflation was/is sector wide. It will drive you nuts thinking about it.

VAPE had a good day considering the atmosphere of the sector. I am spread thin across 14 mj stocks PLUS PHOT :) hoping for a less intense repeat of Jan 2nd through 7th - then I plan to sell all besides a few I deem good enough to tuck away, and then I plan to start a different strategy where I manage only about 5 positions and flip them more often, as to hedge my bets. I'm nervous cause I stuck myself in a "hold" position waiting for what I believe is the next catalyst (WASH ST.) so these past two weeks have been brutal - hindsight is teaching me that pennies demand constant flipping or you get hit hard with days like Monday.

This post was more a response to your response on the PHOT board, I just wanted to bring VAPE concerns back to the VAPE board, so I didn't respond to you on the PHOT board.

Go Vape - LOOOOOOONG - I have a gut feeling, could be just gas, but with the huge squeeze on Monday and early Tuesday, I'm thinking something positive is coming our way - and I hope it brings new money. GLTY

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.