Next to the originator of a good thought, is the f
Post# of 74813
![Avatar](/images/ProfileImages/no_avatar_available.jpg)
I'd rather be an originator than a propagator.
But, this is a great post by Conrad on today's THCZ's Facebook page:
Quote:
Shawn Floyd:
I sold my shares moving on
12 hrs
Conrad Guevara:
The purpose of day trading is to buy low and sell high once you have figured out short term patterns. The concept of buy low sell high also applies to long term trading except that you make your buy based on the value you see in the future rather than getting in and out. You have to be strong enough to stomach the volatility and weather the storm while keeping your eye on the prize that may seem like its 1000 miles away. Haven't you seen other companies in the past that struggled through penny land and made it big? Did their share price go up over night? Of course not. It took years in some cases to move a few cents. I keep referencing Monster but that is the valid comparison here. It took them 9 years to break one dollar. I don't know how long you have owned shares but if you expected this to just skyrocket after one earnings report then you are naive and shouldn't gamble money in pennyland. Its a new company. Its really only been 7 months since production started. In a couple of years this company will have a big presence in the beverage industry with niche products and a share price to reflect that niche. Companies that have a "moat" can dominate an industry. With the trademark of the RMH brand and being one of the first better known hemp infused beverage makers, they are creating an economic moat for themselves. I think you pulled the trigger on this way too soon without giving it time but I wish you best of luck all the same.
3 · 3 hrs
![Like This Post](/images/thumb-up.png)
![Dislike This Post](/images/thumb-down.png)