Monday, April 04, 2011 11:29:36 PM
I'm in this one for the long haul, and remain very optimistic about the future of this industry and in particular this company. It's almost a year now since I started buying shares of GRNH.
However, if what happened after California's Prop defeat on November 2nd is any indication of how the market will respond to today's defeat, then I can only see this company and other med marijs taking a hit for the next few days and then remaining flat for some time. MJNA -27.59%, PCIO down 20% CBIS down 1.32% today. The results may not be as dramatic as they were last fall, a state the size of California carries a lot of weight. In my opinion the recent increase in volume and price can only be attributed to an increase in speculation over the outcome of today's decision. And there will be those who were disappointed and are looking to bail-out.
For now July & 241 thousand signatures are a long way off. November even longer. In the meantime I'll just keep accumulating and supporting. The time for GRNH will come - just not right now.
. . . All in all, I'd rather you be right, please prove me wrong. I'm a contrary by nature!
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