commdude- it is always smart to lock in profits at anything over 100%. and buying back in lower on a pullback is also smart if you have the time and patience to trade. please be sure to only buy companies that are actually earning revenue from product sales and not from share issuance or "maybe" situations, such as "letters of intent", which mean basically nothing.
example, POTN, MJNA, TRTC are making hard ass money. and growing.
Sugarmade as an example of mainly hype. and how did that stock do today? down hard just as I expected.
How did POTN do- good right? because it is based on real earnings.
it is really tough with all of these MJ stocks because 99% of them used to be something like a dry cleaning business until a few months ago, changed their name to be pot related, and started trading on the OTC. Dont believe me? look up NUGS (OTC) up almost 200% today, makes no money, used to be a tailor business. wtf right?
so anyway be careful, study the company first and look for product / sales / pipeline / experience. many of these "MJ" companies are going to fail by end of this year and only exist to sell shares to suckers.
its ok to buy the pump n dumpers as long as you have a feel for whats going on and want to play the momentum. just be extra cautious of course and no long term holds ever.
good luck and good trading.
