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Posted On: 03/06/2020 1:45:37 PM
Post# of 2219
High risk = high reward
My visit to the farm helped me to understand that we got in VERY early back in 2017/2018. Probably, too early. In Jan 2018, it seemed like the industry was moving fast, but it really wasn't. That $3 was never going to be sustained. CA MJ industry is still evolving quite a bit. The number of license holders has even declined from its peak. However, now, if they get caught up in financials, and are generating consistent revenue, a rise in share price would be much more sustainable due to the stronger fundamentals.
In a weird way, I'm liking that when I buy SIGO shares now, a part of me is saying 'should I do this?' and that gives me the encouragement that yes, this is the best time to be doing this. To make a big return, have to go down the path no one else is going. Just my approach, not for everyone.
My visit to the farm helped me to understand that we got in VERY early back in 2017/2018. Probably, too early. In Jan 2018, it seemed like the industry was moving fast, but it really wasn't. That $3 was never going to be sustained. CA MJ industry is still evolving quite a bit. The number of license holders has even declined from its peak. However, now, if they get caught up in financials, and are generating consistent revenue, a rise in share price would be much more sustainable due to the stronger fundamentals.
In a weird way, I'm liking that when I buy SIGO shares now, a part of me is saying 'should I do this?' and that gives me the encouragement that yes, this is the best time to be doing this. To make a big return, have to go down the path no one else is going. Just my approach, not for everyone.
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