Good luck. That may very well work. If it does man, get the hell out, do not look back, and learn from your mistakes here. The cannabis sector is still way overvalued. Who you see today will not be who you will see standing in the sector, next year. BKs, buyouts, etc will start to happen. Those companies who have no cash will cease to exist. The growers will be the worst investments because its a commodities market growing weed. Extractors, MSOs, REITS, will be where the money will be made LONG TERM. The days of just holding long term are over. With so much manipulation by mms, dark pool, computers, etc one will have to set mental stops and take profits no matter what. Then there is sector rotation. But Carter, I think your plan just may work man. If you are averaged down to .38 and in the .20s eventually I think you are golden and can even make $.
I really do. You did the only thing you could have done without taking a huge loss; you averaged down and now you wait for news that will drive this stock even .20 cents. Smart. It really is the only way to play EVIO now. TO just hold it is suicide. You either sell and take the tax loss or you cost average down. Good luck to you man. I think you will be fine. Just be vigilant and TAKE YOUR PROFITS! Do not hold over gaining 20-40% sell 1/2 or whatever and keep cost averaging down. I will check in here to see how you are doing. I felt so damn bad for al of you guys here. There really are some damn smart people here who just got caught up on emotions. It gets us all. If we learn from it, we get better as we continue to invest.
Happy Holidays to you Mr Carter and again, thank you for serving your country doing your part, so that all of us can lead a life where we can freely invest and have actual opinions. That is straight talk.
