I take profits. I try not to dwell on anything else. If you do you will drive yourself nuts with what if's. I know I drove myself nuts for years with it, 24/7 always second guessing myself.
What do I see? We are in a downtrend, that's for certain. Volume has been stagnant on the Canada side, This has to break above .43(USD) imo to break out of this downtrend.
With Summer coming and the last Summer's have been the worst time of the year to invest, I am all cash. If it goes up I will miss a good chunk of the run but will still clip some profits. If it goes down again I should do well on that too. I just refuse to be a bag holder on any of these stocks, because I already did that last year, all year like a stubborn fool. Much more fun imo to be in cash and have it for when you see a massive bargain.
So what has happened this year? Well most stocks are up 100 - 200%. That's what has happened since December. Remember that most of these stocks have everything already priced in. A lot of times when people say "wait for this news" or wait until that news/financials, it is unknowingly priced into the stock itself already which is hard to comprehend sometimes. Most of the time the run already happened before the news, and then when the news comes, it dumps, which is backwards of any logical thinking.
After watching all these Cannabis companies explode the first couple months of this year you can already see there has been a pullback this past month or so across the board. I expect that to continue to late Summer for a Fall or Winter run. My plan is to stay all cash and buy when it looks like the World is coming to an end. I can't imagine the media circus that will ensue over the Summer. These days one tweet can change the world. Scary. Remember how December Christmas time felt last year during that terrible crash.
That is when you want to buy. It comes every year. Last year the time to buy was July/August time and Christmas, so we had it two times. This year it has not happened yet. My hunch is they will drive these stocks as low as they can go sometime this year or next, then the USA decriminalization/legalization run will ensue. One has to figure the USA run will be a huge run so probably will see a huge dip beforehand. Seems how they do things. The bigger the run, the bigger the dip beforehand. I'm babbling, bye.
