Ya pennies are just risky man. I remember dd EVIO and seeing they were the only public company testing. Then I used my background and dd their management team. I knew then that this would be a swing trade at best for me, never a long term hold. Now if current management was relieved of their duties and they actually got credible executives in the CEO CFO COO space I would consider jumping back in at some point. I know that there are a ton of companies either getting ready to IPO and, or, staying private. It will only get more diluted as the months pass by. No one should EVER fall in love with a company. That is the kiss of death. For me there are three criteria I look at:
Management
Sector
Cash on hand.
I would mention other companies but remember someone here giving me crap for pumping stocks they thought I owned instead of actually considering what I was saying. Why? They most likely invested all, or a big percentage of their $, on one stock. You see they invest with emotion not dd. They do not consider all sides. My guess is most do not take profits, have kept EVIO for over a year, are upside down on it and therefore become emotional. These people rarely if ever, are successful investors. You can tell by the board. How many EVIO investors also own TOP DOG BEST OF CLASS cannabis stocks? Stocks like EVIO, TCNNF, MEDIF, VFF, OGI, CWBHF to name a few. (Do not blast me for trying to pump stocks those are the top dogs in extraction, MSO, pick shovel, growers, etc.) If you see that posters here are diversified then take what they say and do more dd. If you see they are only invested in one stock, or just pennies, less than a dollar, be careful.
The truth is THCM, I feel sorry for a lot on this board who bought in a year or more ago, got played, kept buying, and now they are even more in the hole. Of course they are not going to appreciate anything that reminds them of those circumstances. I always hope people make money on all their investments. I really do.
I have no agenda.
Ok, last post here. Good luck everyone, kick ass and do your damn DD!!!!!! :)
