It’s on the bloated side, but I’ve cashed in on much worse. And I mean way worse.
I’m not married to this. After all the $25mm they got is in Canadian dollars. That’s toy play money. Is it even real? We give it to our kids to play with..
Couldn’t resist.
May game plan is to load as it trends lower till the US Congress pulls out the diversion pot talk again. It’s going to happen. In fact it has to happen. I set my sell limits the moment I get a buy. Half out at my first 100% gain to get my original cash out snd hold free shares. How ever long that takes.
So selling 50% to gain 50% shares free @ zero risk is my Bible play in penny stocks.. I’ll go as high as getting 75% out at a lower price and hold 25% free at zero risk. But what you want is to dump 1/10th or smaller of shares to get your original out. Hold as many shares, zero risk as the story grows. It’s penny land. 200% in a day is not out of the question. I’m looking at this hitting above $1 this year. So if I can build 500k shares on this down ward trend, I’ll sell 50k shares to get my seed money out at my price. I like their story. I think they have long term potential.
If I can find a better US based pot play poised to expand all over America with better share structure and product, I’ll roll. The US can restrict Canadian pot coming in with this new move. That’s my only fear. I want in the US market. DD pms welcome. I’m just getting into this space now. I’ve shyd away from it this long. Too many penny scams poured in with Colorado. Cheap beer and cigarettes were still a better play. Safer too. I figured this day would come.
And I’m sort of stuck on income till 2022. I’ve already hit my projected $400k mark on the year, and it’s only Feb!! I’m not paying any A-hole 70% taxes. So my motivation is way more long term than most.
I should have this casino cash account in my IRA.
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