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Re: TooYoungToDie post# 27377

Monday, 10/22/2018 10:48:15 AM

Monday, October 22, 2018 10:48:15 AM

Post# of 29174
It's really tough to hold on when the correction appeared so imminent. It kept trying to get above $1.70 and failing, so a major correction seemed highly likely. Once it got below $1.50 it was clear that a rout was imminent. Obviously it's a lot easier to hold on if you came in when it was still below $1. I imagine there will be many investors who see buying opportunities across the sector in the fallout. Many stocks appeared overvalued and in many ways its connected to overall valuations (markets not just pot stocks need to book profits, which means a correction, and then it can sustain another bull run). A very similar pattern followed California's legalization where there was a peak and then a major sell off. Choose your buy points wisely and book your profits when you can.
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