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Re: JohnCM post# 447

Friday, 12/07/2018 4:20:02 AM

Friday, December 07, 2018 4:20:02 AM

Post# of 1951
Here are a few numbers to give you an idea how bad it's been lately (as if you don't already know!) and why I am so sour on the sector right now. We started swing trading these pot stocks back in early September...by mid-November we were up about 40% on our original stake. Now keep in mind that when we started trading most of the huge late summer runup was already over so we didn't benefit much from that like most of you guys who have been investing in MJ stocks for a longer time did. For much of this time the sector traded sideways and considering that the entire sector crashed in the second half of October I think 40% was pretty damn good, if I do say so myself.

But in just the last 3 weeks or so that overall gain plummeted from 40% to only a little over 10%...still a way better return than just sitting in cash but that's a lot of profit that just went poof. We're still up overall on our Origin House trades as a whole but ORHOF had something to do with some of that % gain dropping like a rock.

Still a good if not potentially great company that I believe will be a winner over the long haul but I just think that Charlotte's Web might be a better play at the moment and I need a trade that makes that % go back up instead of down. Plus as far as I know that DeFrancesco scumbag has nothing to do with hemp! I just can't believe that the Aphria & Liberty folks don't seem to give a crap that their stocks are infested with crooked SOBs but nobody ever accused marijuana investors of being a rational bunch of people...LOL.

https://www.fool.com/investing/2018/11/24/forget-thc-cannabidiol-cbd-is-the-marijuana-indust.aspx

Forget THC...and eff DeFrancesco!

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