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Alias Born | 11/14/2016 |
Thursday, August 16, 2018 11:25:18 AM
having said that, i did take a quick flyer when the first weed tie-up was announced, but took a minor loss when it became apparent that it wasn't going to result in a pumping run.
you'll see that before my pumping stunt and in recent months i've stated very clearly my opinion about the fundamental value of the stock (generously $.50/share) and where i though the pps was headed by around this time (75-80 cents).
so, as i observed, i was directionally correct, but didn't yet hit the nail on the head.
also, i have divulged some trades in the past, but except for the announced buy in this forum at the 90 cent handle some moons ago, my involvement since then has been relatively minor.
i find it curious that folks wouldn't take me seriously given my accurate track record for calling the direction of apdn's pps, but to each his own.
as for buying at this level, to spend over $1 one has to be banking on either a future pump-n-dump scenario and/or the pharma/weed, etc. ship will ultimately roll in.
my suspicion is that folks are feeling burned and so would be waiting for the pps to fall below $1 before re-initiating/adding.
adding at this point or below while already sitting on a large position would be questionable imho.
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