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Tuesday, March 09, 2021 9:51:31 AM
indeed the company WAS poorly managed, and of course, as in my last post, the "workhorse" phenom is a 1-5% chance. but nowhere near 0 or a lottery win
but again, the arguments that are negative towards Mr. Ballas (which at one time I was a main hater of Mr. Ballas) are old and possibly defunct. I actually think Probably defunct. I've made many arguments as to why what Mr. ballas is ALLEGED to have done in 2019 will NOT repeat itself this time, and when the MJ sector is in a bull environ it makes sense for whomever controls those 9.2B dilutibles (which in trips, actually isn't THAT bad) has a LOT of reasons to both grow the PPS AND dilute reasonably, to maximize their and everybody's profits.
indeed, common sense says if penny again, sell. we all will. maybe some of us will get less than penny.
but again I'll counter argue again this classic "sensical thinking" that was the idea for all stonks. but now they are understanding if you HOLD AMC, GME, ...ALL the stocks and don't sell them, the PPS tends to be very difficult to GO DOWN.
so yeah, perhaps not dollar, but I now can site 4 stocks WKHS MTBC AEYE CVSI that have done it, one I'm sure will do it BSRC,
and two stocks that have ACHIEVED ridiculousness which you say is highly improbable, AMC GME and of course blackberry and nokia and toss in every toher stock horribly overshorted and the ones which will emerge thanks to cathie woods, like genetics biotech and other pennies.
my point is one doesn't get rich buying well established blue chips and beating the S&P by 1%. they do it by finding a stonk wholly beaten down but has immense growth potential and buying a lot of it at the ground floor and sometimes waiting 20 years, like amazon.
UBQU might not be groundbreaking, but it has potential.
regardless, as smokey always says, take some profits.
for me, "some" is the operative word. I see this as one of now 4 stonks in my portfolio that has better than a 1% chance to make me bill gates b slappin rich, and tokin up with elon rich.
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