Depends on how important that money is that you have invested in CGC, do you need access or have a better investment in mind? As for eps, it’s too young a company to worry right now about its eps, IMHO. We know it has a better chance of doing well in the future because of its product and the fact it’s backed by STZ...patience long term on that one unless something extremely bad happens.
Yes, if I owned say 500 sh, I might sell 100, but since I only own 200 I’m going to hold it, ride it out on drops and as you said, buy more at perhaps $40. Just my take.
Always a tough call, Blue, the old “greed” vs fear problem we all face as investors. This morning I had to decide whether to sell half my GOOGL for a modest profit or hold going into after hours’ eps. I chose to sell, probably wrong, but I look for another 10-15% drop this year on tech stocks, buying opportunity on GOOGL and others.
Often wrong, never (?) in doubt...too high for me to buy currently, probably has a future unlike most cannabis stocks.
You talk to dead people? We’re trying to make a few bucks, bring something or go to Ignore.
Dayton, I couldn’t stand it any longer, got small positions in WDAY NOW & VEEV, dumped IDXX, ALSN, 1/2 my GOOGL, 1/4 my PYPL. I’m soon going to be King of high PE hot software companies if I’m not careful. I also bottom fed myself a small amount of an old favorite from the past, biopharm JAZZ.
You are loaded with them, you and I are one quick correction waiting to explode!
He’s too tight and political to spend it on fun things! Speaking of inlaws, I helped a nephew late fall set up his first brokerage account at age 40...surprisingly, he got going with it quickly, great start, then a few spankings and I hadn’t heard much from him. Today he tells me he's up $2,000 in 3 days on a cloud platform stock, MDB, I had never heard of it, nor most of what he’s bought all along! After looking at it, I suggested he sell part of that hot potato with no earnings yet, let it come back to him to buy more.
Looks like you made a good temporary move, hope they keep dropping in that sector, then buy buy buy.
I don't know how you do it but thanks for sharing. Much appreciated.
Yeah I'm pretty much in no hurry to buy or add anything. Especially pot stocks but I have had a low limit order for ACB for $7 that might execute someday. Hard to say but it gets me a small position started if it happens. They're all taking a beating today.
In future eps or a 13% stock price drop? I’m hoping for a price drop to $40 or below to buy more. Supposedly, they ask the right questions in advance of making those projections...sometimes, they are right.
