This stock will test everyone as we have seen it do recently. I'm very excited about it though. Underwater, but excited. What I would like to do here is swing profits over while we are still in the trenches to add to my position. I took a position in Marimed ($MRMD) at .83 on the panic dip that hit because they have HUGE margins and profit. In my experience stocks like that attract smart money on every dip and therefore bounce predictably. I was not only correct in my strategy there, but received an attractive sponsor from none other than Motley Fool within two days of buying that dip (see aforementioned statement about smart money) The FOOL obviously also went in on that dip and hedged their position with not one, but TWO bull thesis PR's - That's not luck, that's knowing where the smart money comes in. All that being said, I can't swing profits over to here yet as I do not know Motleys PT. here. It could be 1.05 or it could be 1.50- possibly even more. Makes no sense to sell early there while it's printing. Marimed will have a big Q2 coming soon. Not only that but I'm unsure if a leak is out on the SAFE banking act and inside buying is behind Marimeds walk up. It all feels a little surreal. Marimed has been climbing inexplicably on low volume which is SUPPOSED to cause divergence, but doesn't appear to be affecting the sp. I can't put my finger on it. I guess I'll just continue to hold there for now. Either way I have plenty of powder to add this but happily will wait while we struggle to leave .05- the longer we stay at .05 the more support will reveal I've got a solid support level to buy.
