I will give myself this....I never trusted EVIO and put it on a shorter than short, leash, ON EVERY trade.
Even when I was up 30%, and left 20% more on the table here, early, I was fine. Rinse and Repeat. But then....when I was away from buying here, for 6 months, I rebought in at .27 and it slipped to .25 and I was gone. I do think you could buy here (I will not) and double or triple your money on any type of news, just relatively positive, even. People seem to have that itchy trigger finger on the ask so it's more than possible. I have been back here for no apparent reason other than to lurk...like rubber necking an auto accident on the other side of the FWY you cannot look away! What was really amazing were the pumpers who continued to pump this dog as it dropped from .27 to .06 (after dropping from .60 to .25. You have to love the faithful.
News about warrants being done, will drive this stock up too, so it really is not a bad buy here . I will never again, under any circumstances, buy a stock with bad management at the helm. Never. I have only done it once, here, and thank God I did not lose money, but damn I sure could have easily. I see some of the people here with averages above a dollar and think...how? They feel in love with the cannabis sector early, saw testing, saw the potential, and they were blinded by what could be (greed) They were so blinded that they feel in love with the niche, with EVIO, and it took away investing fundamentals. When that happens (and it's happened to all of us...falling in love with a stock or sector/niche, you are doomed.)
If everyone learns from their mistakes here, they will make up their loses with other stocks hopefully, having learned the lesson to NEVER invest in a company with crappy management. Hell I guess you could average down, and be fundamentally sound (as sound as one can be with OTC pennies) and put mental stop loses at 10% and sell after 20-30%. If they did that, rinse and repeat, all the way back up to lets say .40, I would imagine they would be much better off then they are today. On the other hand, with this management team, the doors could close tomorrow. There is hope here but man is it risky.
