What can I say? I say more power to them, who am I to criticize a CEO for buying more stock in their own company, at a time when the facts show the company is inching closer to irrelevance. That is their prerogative.
You said about yourself, and I quote, "Good or bad, I am not quite ready to stick a fork in them (DPWW), what have I got to lose.....you have to risk it if you want the biscuit."
I do not understand what you are communicating here, On one hand, you ask me what have you got to lose,( I assume money) and in order to get the biscuit you have to risk it.(I assume what is being risked is money and the biscuit is more money) Okay, so if my assumptions are correct, the good or bad means you don't care what happens to your money. Did I get it right? That, my friend, is your prerogative.
I do care. I buy stocks to make money, I hate losing money. But there is something to possibly gain from a loss. That something is wisdom and knowledge.
I gained both, I learned that sometimes when you buy something because it is cheap, you get exactly what you paid for, I also learned that all that glitters, is not gold, I learned that the fear of loss is greater than the joy of gain, and for that reason, people will hold onto a losing stock, to avoid that loss, which is also called being in a state of denial. I also came to realize there were more fish (cannabis companies) in the sea, and you don't have to settle, you can cut your losses, because every day you hold that stinking spoiled fish in your hands, may prevent you from catching a new fresh fish.
For that I say, Thank you DPWW, They say you have to know WHEN to HOLD, FOLD, WALK AWAY and RUN. I wish I had folded and walked away sooner, but better late, than NEVER.
I hope others who care and have something to lose, will know what time it is. Good Luck!
PS After the "breakup" with DP, I was sad, but also, relieved, the monkey was off my back, I have since reinvested in a "real" cannabis company which has me on the road to not only recovering my DP losses but possibly posting a gain in the near future. It feels good.
