Thank YOU, Master Yoda! My take on things -
Post# of 11899
Posted On: 02/06/2014 1:08:21 PM
Thanks for the (as always) in depth reply. I always make my own decisions, but it is nice to hear from someone with knowledge AND common sense!
IMO, I don't believe there is any earth-shattering news coming any time soon. I think that the last few days is a result of investors (and I use that term VERY loosely) grabbing onto one of the last sub-penny mmj plays after seeing some others skyrocket over the past few months. I've been in this one for a long time, but I just don't see the facts to back up the surge (fundamentally). I DO see potential in many of the mmj stocks, but how far down the road until any of that potential gets realized? Many will fail, one or two may succeed. Which one is the golden question (literally and figuratively). And don't get me wrong - green is nice for a change!
At this point, I'm adjusting my plan accordingly and taking half off the board when I hit my target (soon by the way it's trading right now!). Then I can wait and see if RFMK is one of the prevailing mmj plays down the road, still have chips in the pot, and not have to look back and say "I should've...". But that's just my take on things. Many wiser than me say differently!
IMO, I don't believe there is any earth-shattering news coming any time soon. I think that the last few days is a result of investors (and I use that term VERY loosely) grabbing onto one of the last sub-penny mmj plays after seeing some others skyrocket over the past few months. I've been in this one for a long time, but I just don't see the facts to back up the surge (fundamentally). I DO see potential in many of the mmj stocks, but how far down the road until any of that potential gets realized? Many will fail, one or two may succeed. Which one is the golden question (literally and figuratively). And don't get me wrong - green is nice for a change!
At this point, I'm adjusting my plan accordingly and taking half off the board when I hit my target (soon by the way it's trading right now!). Then I can wait and see if RFMK is one of the prevailing mmj plays down the road, still have chips in the pot, and not have to look back and say "I should've...". But that's just my take on things. Many wiser than me say differently!
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