(Total Views: 640)
Posted On: 12/11/2018 9:13:18 AM
Post# of 75043
I agree. A buddy of mine that got in THCZ early with me said the same thing about how early we were. Since his normal method of growing his capital was the S&P 500, I explained to him that if our little start up had us spinning our wheels for a few years other than for a little profit on some hype driven early spikes, it didn't mean we truly lost. Our speculation could still pan out. He texted me last week and said he was starting to get really excited.
That feeling of defeat, even in the full view of what is now obviously a HUGE victory for those who hold their shares, is an illusion created by the loss of patience.
He understood after he more than doubled his money on Lumber Liquidators following a fraudulent short seller's phony media-assisted attack on LL. It took two years sitting on it while it did nothing, but it was a large chunk of change he wasn't about to try and day trade, and he didn't have the freedom to do so during market hrs. anyhow. The S&P fell far short over the same period.
He was quite pleased, but I reminded him that the LL play was NOT a start up play and never had anywhere near the upside that this has. This investment has far greater upside than LL did. When it takes off with strong support as opposed to those early spikes, the gains will be large. If you see your investment increase 25, 50 or 100 times or more, then you divide the gains by the years you considered failures while the pps was range bound, the big picture looking at the grand total looks completely triumphant.
This management team did much more than get this train back on the track, they got it on the RIGHT track. 2019 will prove it to those of us who held on. Our early speculation on the hemp/CBD market potential, as well as the potential of this little start up to thrive in it, WILL pan out IMHO. $$RMHB$$
That feeling of defeat, even in the full view of what is now obviously a HUGE victory for those who hold their shares, is an illusion created by the loss of patience.
He understood after he more than doubled his money on Lumber Liquidators following a fraudulent short seller's phony media-assisted attack on LL. It took two years sitting on it while it did nothing, but it was a large chunk of change he wasn't about to try and day trade, and he didn't have the freedom to do so during market hrs. anyhow. The S&P fell far short over the same period.
He was quite pleased, but I reminded him that the LL play was NOT a start up play and never had anywhere near the upside that this has. This investment has far greater upside than LL did. When it takes off with strong support as opposed to those early spikes, the gains will be large. If you see your investment increase 25, 50 or 100 times or more, then you divide the gains by the years you considered failures while the pps was range bound, the big picture looking at the grand total looks completely triumphant.
This management team did much more than get this train back on the track, they got it on the RIGHT track. 2019 will prove it to those of us who held on. Our early speculation on the hemp/CBD market potential, as well as the potential of this little start up to thrive in it, WILL pan out IMHO. $$RMHB$$
(16)
(0)Scroll down for more posts ▼
