I was on the same lines of thinking until.....I researched their management team, based on my experience as a high end executive in Biotech. (President) I have a pretty good feel for management teams. Once I saw who was running EVIO, their backgrounds, etc. I got out.
I agree with why you got in, the difference is Management, and cash on hand, are my top two criteria, and EVIO flunked both.
I switched to a company TILT (TLTTF) same industry, Cannabis, but with actual revenue and cash on hand. It's strictly a long term hold but it's less expensive than EVIO, and is on another level. I always have to have a spec stock to play.
I always take profits, regardless of the company. If a company drops 20% or more I get out and if I believe in the company will buy back in once I think it has stabilized (3-5 days of higher lows, higher volume) What I try to never do Is catch a falling knife, or keep a stock because I am emotionally attached.
Look, EVIO may make a run again, and if it does I would damn certainly take my profits. To just keep averaging down on a stock can be rather dangerous, unless management is top notch, fundamentals do not change (if they change I am out for sure) and its not caught in a sector rotation.
For what it's worth.
I said I was done posting here but you have always been a level headed poster here and you and I got into EVIO for the exact same reasons. Good luck man.
