Hello again any1butyou TA is geared to fundamen
Post# of 56323
TA is geared to fundamentals and I certainly do support your endeavors and wish you the very best. What matters here is what ever works best for you. There are many on this board who find technical analysis helpful when it comes to identifying trading ranges, market entry and exit points, trading strategies and so on. I am not selling you or anyone anything here and yes I in fact do follow my TA.
In response to your question
"are you going to act on your own TA and curb loses by some selling? If you are, then you are suggesting in some form to sell and or accumulate at a lower pps"
You assume I have losses and want to sell to curb losses, your assumptions are incorrect but if that were the case I would personally not sell to re-buy although I probably would buy more shares at the lower price to average down while also diversifying my portfolio as an offset to short term risks. I don't tend to buy stock in a company unless I have first done my due diligence and believe in the company and in the market the company does business in. Additionally, I use timelines that are generally 3 - 5 years.
When considering where I invest I first address several issues as I am sure you must also do.
So the questions I ask you then is this
Do you believe the mmj market has growth potential? If so, how long do you believe it will take the market to mature? Will there be supporting, service or ancillary businesses? i.e., software platforms, distribution, marketing, manufacturing, How about hemp? is this an offshoot to mmj? what is the short and long term possible value of a grower license issued by HC whether it is in hemp or medical marijuana particularly if the quantity of licenses will be very limited? Are there possibly large companies that would love to have such a license? Phillip Morris, etc? What is the size and scope of the market and who is best positioned within that market? Who are the principals in the companies? What is there expertise? Who are the BOD and what are their fields of expertise? Has FITX been closed down at any point due to SEC/Finra?
These are but a few of the questions I consider when doing my due diligence and would appreciate your thoughts here. Are there any other companies you would suggest to invest in this sector? If so, which ones and what is your supporting analysis?
I certainly welcome your response. Please don't misunderstand me here. I am not selling anything. I am providing what I think could be helpful to those who may find the information of some value and always welcome anyone to add, correct or improve upon posts I make.