Wednesday, September 24, 2014 7:13:14 PM
I remember December last year when the MJ industry's "premiere" analyst told me another stock was a dud and he said that Jan 1, 2014 legalization in Colorado would be a non-event. Somehow that person is still an industry "player" but more important, the stock I held wasn't a "dud" at all because during the "non-event" I sold it for 350% gains.
And in November 2013 I was pretty sure ERBB was a dud. However after selling a part of my position for over 5000% gains this March, I'm of a different mind. Back the there still was no Zazzz machine. No patent ownership. No Jurassic Water. No Green Universe. No Herbal Elements deal. No Truth Lighting. No legitimate website. There was barely even American Green. Today, there is so much unappreciated value in each of those entities and together they are a complimentary ecosystem for generating revenue.
Let me also note that Shearin is a crafty business man who has been ahead of the curve in previous ventures. His foray into the cannabis space has lead his to ERBB and he has brought a lot to the table. The media exposure for Zazzz was orchestrated by Shearin and you can expect more to come.
Last year I bought the ERBB lows in November with reckless abandon. I basically gambled on Colorado's legalization and it paid off in spades. My hope for this year is that my holdings become the "investments" I think the can be. With all the progress American Green has made in just 10 months, I think ERBB is one of the MJ equities that has the most potential to be a legitimate investment.
I'm not buying like I did last year but I'm putting some of the profits to work.
I'll buy 100k shares of ERBB down to .01 meaning I got 100k shares @ .015 today and have orders in for 100k @ .014, .013, .012, .011.
If ERBB hits .01 I'll put in an order for 500k shares and 1m shares at .005 but I doubt those orders get filled because the buying pressure and short covering will be pretty strong around a penny.
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