Been lurking for a while, but decided to come out and pitch a few cents of my own. I am with Les on this one. I began investing about a year ago and over the course of that year I have put in about 75k CAN into inmed and 35k into CHOOM, formally known as SGH. Choom alone, over the year, has put me into into 160k range when I pulled out and put back into Inmed. Granted, I should have waited a bit after New year's, but I am silly, what can I say. Either way, now I am sitting on over 500k shares of Inmed and despite a huge downfall of the weed stocks recently, i am still worth 400k-ish CAN. I have tried daytrading a small portion of inmed and stocks alike, making up to 15% in one trade on daily basis, but it is hard to keep it up over a long period of time due to these huge jumps back and forth. In either case, i am sticking with them long term, as in one year i am already up 300% (and at its peak was up 1000%). No amount of daytrading can beat that, especially with all the tax implications. I believe the tax laws are different in US, but for us canadians we have our capital gains taxed at 50% of what we earn from them, meanwhile daytrading counts as regular income and an entire portion in taxed. You can call these stocks a waste of time and rant your feelings away on the board, but everybody has a different approach to trading. If inmed is not working out for you, well sucks for you. But don't talk shit about it just because it isn't immediately producing results.
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