I'm about 75% out now and will likely finish over the next 2 weeks. Did pretty well with CGC after I doubled in the first month I got in for 5K shares (8/18). But 2 short attacks from the 50's on down put a stop to that. Got out about $35US on this last slide and now it's $22.
Took those profits and rolled it into DRKOF plus a little more as I felt sure Bruce could do something very positive with the company as he aggressively stated in the Martello T-shirt interview. Fat chance, the tiger changed his stripes and bailed leaving those following him holding the bag.
Should be out with about a 50% loss (ugh) on this POS which would put me just a couple % ahead of where I started with CGC. Won't lose capital but the 14 months of high risk exposure was nerve wracking being in retirement as I really couldn't afford to lose.
Sitting on the sidelines soon for who knows how long. Market bumping a ceiling up and down in big chunks looks toppy to me and too many HUGE worldwide problems going on out there. Plus at home... new and used homes (almost anywhere) are totally unaffordable for maybe 1/2 of the potential buyers, stagnant wages, a possible impeachment and then throw in the kitchen sink to begin the impending recession (who knows when).
Can't play Russian roulette with that probability looming.
Will throw in a DIG on the board from time to time as this mickey mouse outfit continues stubbing their toe masquerading around as an entity that knows what the hell they are doing (as Mr. 'you know' chases Tracy 'round and 'round in the penthouse office in his birthday suit.). Some are still buying, hoping to catch a falling knife (be prepared for the low teens as you slowly bleed out). Run it up over a buck...ha..ha and I could give a F. I got out with my ass intact.
Well...I did it again one last time. Typed 15 paragraphs to answer just one simple question...Are you in or are you out?...yes or no!!...and my fingers went into a frenzy!!
All the best to you Burdock, Andrew and MOE in this world of uncertainty.
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