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Posted On: 07/26/2019 11:14:25 AM
Post# of 990
The best way to play this stock is to look at a probability scenario. You have to admit that there are lots of doubters and many hopefuls, and whether or not the stock or company does well in the longer run may be futile. I assume most of us are here to make some money, so you should be buying when it is low and selling when it is high, and making some profit and moving on. You don't have to be a true believer in HEMP to make some money on it.
The way I see it, right now it's hitting a new low. If you look back at the cycles it goes through, there will eventually be some news update that will draw some new investors in and they will buy the stock back up. Then the more seasoned investors will sell theirs and the cycle will repeat, slowly bringing the stock price down.
It would be foolish to buy this when it is at the top. But right now, it is at the bottom, and there my be some news lurking on the horizon. if you look at your short turn risk, this may be a very attractive trade.
If you buy it at .013 and sell it at .015, then that is a 15% return in a few days or weeks.
I wouldn't recommend it if the stock was at the top, but with it sitting this low, the chances of it eventually making one more spike upward are pretty good. So I'm loading up here in the .013-.015 range and hoping to hit .020 one more time before the end of the summer. Overall, I think the stock will probably continue a downward slide until some decent financials are released and a good plan is in place for profitability and debt reduction. But you can still make money off this stock by buying huge when it hits new lows and selling them at a 30% return in a few weeks to months.
Just my opinion.
The way I see it, right now it's hitting a new low. If you look back at the cycles it goes through, there will eventually be some news update that will draw some new investors in and they will buy the stock back up. Then the more seasoned investors will sell theirs and the cycle will repeat, slowly bringing the stock price down.
It would be foolish to buy this when it is at the top. But right now, it is at the bottom, and there my be some news lurking on the horizon. if you look at your short turn risk, this may be a very attractive trade.
If you buy it at .013 and sell it at .015, then that is a 15% return in a few days or weeks.
I wouldn't recommend it if the stock was at the top, but with it sitting this low, the chances of it eventually making one more spike upward are pretty good. So I'm loading up here in the .013-.015 range and hoping to hit .020 one more time before the end of the summer. Overall, I think the stock will probably continue a downward slide until some decent financials are released and a good plan is in place for profitability and debt reduction. But you can still make money off this stock by buying huge when it hits new lows and selling them at a 30% return in a few weeks to months.
Just my opinion.
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