Replies to post #97888 on American Green Inc (ERBB)

[beninsac]

same here... ERBB will have its run soon enough :-$

[nopancakemix]

Lots of Money To Be Made
I definitely plan to shed some more of these holdings but today just blew away my Q2 2014 timeline. I dropped a large chunk today because the money to be made was too good. That has more than paid for the position and then a lot more.

ERBB just went from portfolio chump to portfolio champ with the 140% gain today and nearly 400% gain this year. Like I said in the original post, the hype is there, now ERBB just needs to follow through.

[nopancakemix]

Adding to My Position Here
The post I am replying to was the largest my ERBB position has been. Since then I have sold over 1/3 of the position for over 2000% gains. Let's just say at the moment I am quite cash rich.

According to the original post, and several subsequent updates regarding the profit taking, I was planning to give ERBB until Q2 2014 before making any drastic moves. Well that date is upon us and there is no need to take drastic action at this point since the position is paid for.

What I have started to do is reinvest the profits. Today I have increased my ERBB holdings by 11%, buying just over 1m shares between .023-.025

I may increase my holdings by about 4% more for a total of 15% increase on this dip. ERBB is now heavily overweight in my cannabis portfolio but I'd like to see .10 before I sell again. Even then I would only lighten my position of the newly acquired 15% shares and maybe another 10% for a total of 25% liquidation over .10

ERBB has the possibility to achieve the similar $500m valuation of its peers, putting ERBB around .20
My 12 month target is .20

[nopancakemix]

Stockjuicer Here is the Post
I am replying to a post of mine that I have referenced and now received several PMs asking for a link. Unfortunately I am not a paid subscriber so I cannot respond to PMs.
I don't really like reposting this because I foolishly disclosed my ERBB holdings. As I have said, profits have been taken but I still hold more than 2/3 of the number mentioned in the post.

I will say it is pretty awesome to re-read that post simply because in the 6 months since typing that message, ERBB has not only become my #1 MJ holding but it is in the top 5 of my portfolio which includes AAPL, MSFT, QCOM, INTC, XOM, IBM, WAG, WM and many more blue chippers.

The MJ stocks are my first and only foray into penny land. Already my returns in 2 years are close to 10 years of building my portfolio.

[nopancakemix]

I Bought ERBB During the Darkest Times
Check out the post I am replying to. This was back in November 2013 when ERBB was at its lowest point in the 2 years I had tracked it. Back then the board was infested with negativity as it is today.

Don't get me wrong I sold a lot of that position at .06 and .105 but I have more than half of it riding for free.

Back then Zazzz was unknown. Shearin was not part of the company. And bashers told everyone to sell.

So much has changed for the positive. After readjusting my outlook in Q2 2014, I will now push back my time horizon until Q2 2015.

I'll sell some at my target of .20 and if it dips below .02 I'll buy back all the shares I sold.

[Night_Falls]

Perspective from a Year Ago
Gee, today those 15,000,000 shares at a cost basis around .0017 would be worth about $300,000 from a $25,000 investment. At ERBB's 52 week high, that investment was worth $1,500,000

Wow!