My strategy is a little different because I didn't
Post# of 1149
Posted On: 04/29/2014 12:55:59 PM
My strategy is a little different because I didn't have the foresight to get in nearly as early as most of you, and then I bought on the way up. As a result I was losing real dollars, not paper profits from Monday. I tried to get out at .28 on Friday and it traded all around and above me, but it didn't fill. I did manage to sell Monday at .23, so I have a loss; but fortunately not a terrible one. Now the plan is to get back in at a lower price if events justify it. However, I'm going to wait on the news to see about that and not just assume it's going back up.
So far it looks similar to the first two days of CANN's price movement after reopening, which is probably the best model we have. However I think what happens next is going to be very much driven by whatever news we get, and how convincing it is. I await you, Mr. Scott. Convince me.
So far it looks similar to the first two days of CANN's price movement after reopening, which is probably the best model we have. However I think what happens next is going to be very much driven by whatever news we get, and how convincing it is. I await you, Mr. Scott. Convince me.
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