Followers | 47 |
Posts | 3756 |
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Alias Born | 09/18/2018 |
Wednesday, January 16, 2019 2:15:10 PM
With a hope to increase sales.
If Ballas is corrupt, grossly incompetent (and that assumes his backers and leadership staff are also) or just plain unlucky, this stock will never move again and stay in trips until a reverse split, bankruptcy or acquisition.
and they've just started, and with any real movement by the FDA on CBD oil, all we have are MMs churning to make lunch money.
but on the other hand, if the strategy of increasing sales by investing now in advertising pays off, well, now in trips is the time to buy
took a look at CVSI, the one OTC pot that did a megapop in 2018 and is the one talked about now. trading now at around 4.50. I decided to dip in a little bit. 365 days ago it was trading at 21 cents. it didn't pop until 6 months after that, first popping to about 1.20, then a super pop and now a plateau.
no way to go to the boards that far back and see what went on back then, but if I had to guess, there was similar positive and negative rhetoric. maybe not about dilution, but impatience as to why it wasn't popping on news , etc.
summation: its an on-off scenario. Either UBQU pops and we'll get rewarded for tanking up at super low, or it won't and we will just have to take our lumps and sell at a huge loss.
Oh something else I've learned from the school of hard knocks: by the time the news breaks about how great a stock is performing, it's pretty much too late to get in on the bottom floor. to get the multibagger, you kind of have to invest during the bleak times and suffer the eternal daytrade churn.
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