Tuesday, August 13, 2013 7:38:43 PM
I have bought at .03 and sold twice at .16 and .47
My real cost basis is 0. Why on earth would I sell my remaining, paid for holdings and risk new money (albeit profits) on a position at a higher price? What happens if I buy $50,000 more worth of MJNA at .16 and the stock dips to .03? Say goodbye to any profits.
I am in MJNA because I have been involved in cannabis for 2 decades, growing, selling and consuming. I do not want to miss out on an opportunity to LEGALLY invest in cannabis and have bought shares in several MMJ companies. But I do not like these stocks for trading because while the share price is low enough to buy big lots, the liquidity is often not there to move the lots.
"Emancipate youself from mental slavery, none but ourselves can free our mind"
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