Wednesday, November 30, 2016 4:41:34 PM
Trust the moderators on this board we have been here forever and consider all the risk of MCIG that add downward pressure to the stock.
Don't repeat my mistake in 2014 and hold! You can't be in a position to "hope" this goes up! Trust me I love MCIG and would love to make money on a stake again but the risk/reward just isn't there at these levels! It's time to face the reality that the bubble is not as big as was in 2014. These businesses have been accumulating net losses for years now and have had establish financial trends to determine current valuations.
MCIG is falling back to reasonable valuations and weekly/daily moving averages. I'm on the sidelines waiting patiently!
Quick overvalued reasoning:
Overvalued 11/28/16
Bearish Technical Signals and Warning:
Double Top Call and .19 Sell 11/15/16
July 2016 Parabolic Call:
2016 MJ Bubble Round 2 Call 7/26/16
MCIG parabolic Call 7/15/16
VTCQ Shell Play Call 8/02/16
GLTA
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