Thanks Nosnibor. Tough day for TGODF. Man. The cannabis market is so manipulated. The slightest bad news, hell good news even, drops a stock pps. What happened today was ridiculous but played right into the hands of the shorts. Did you see the volume? Damn. I like TGODF but will look to re-enter at a later date. It is a solid company and love their niche.
I would love to see a company like DTEA utilize SRUTF technology.
The most sane thing we can all do is trust our research, know our investments, and cost average down in these times, and just sit tight. I have made the mistake of freaking, selling, buying back, not taking profits when I should etc. I just got away from being disciplined with my Cannabis holdings but caught myself. Reminds me of the dot.com days. That is why valuations are so key.I look at EPS and P/E multiples but got away from that for awhile. I do think Cannabis 2.0 will not be what everyone thinks short term. A lot of products not ready until late Q1 or later.
I actually sold my TGODF Monday, thinking my money would be better served with SRUTF, MEDIF, GTBIF, CWBHF etc....companies I have done my dd and feel absolutely confident with my investments with.
In the Cannabis sector I want to go all Warren Buffet and just pick stocks that are cash flush, or are at least best in their sector (extractors/beverage/retail/MSO's/CBD/pick and shovel etc.) I have no need to have multiple companies in each sector. I am really more technology driven, whether its Biotech, Cannabis, beverage, cloud software, cyber etc. That is what attracted me to SRUTF. I was trying to explain to numb nuts (we all know who that is) that SRUTF has held up remarkably well since I first started following in late Feb. Now fast forward to today and its a penny less than it was. Take the same time period and stocks like TLRY are down close 70%, or ACB down 45% during the same time frame. It's like talking to a kid. Do you think he was bullied as a kid? lol
SRUTF this time around I buy and hold. I may get some trading shares but this company is solid and a long term hold. I really like the CEO and love the technology. We need higher volume but I am going in tomorrow for my first buy in. I will sleep like a baby owning SRUTF and will add when appropriate.
