I have know many who have routinely flipped stocks
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Posted On: 12/14/2017 3:08:45 PM
I have know many who have routinely flipped stocks, they worked hard at it and have been profitable for short terms. Most who I've know that did it have at times been burned badly by just a couple of trades and often lost substantial gains with a single major loss. Most of these people are no longer daytrading.
I have no idea if OWCP will trade down to $.30, if it does I may add to my position again, but not with the idea of selling anytime soon. I believe this company will be selling in double digit dollars in a few year's, that's where I want to go, not a few pennies up or down where I could be out of the stock when really important news was released, and I'd only get half the shares I sold because of one bad trade.
For today, it's still very possible we'll close green. For someone who bought at the bottom, they'll have a nice profit, but likewise someone sold, and they'll have a substantial loss. Those with a loss may, or may not ever get involved with the stock again, but I'd guess they'll be watching it. I believe that most who sell with stop loss orders will regret their action in time, however, if they really couldn't afford to hold the stock at a lower price, it may have been their only choice. Personally if I believe in a company, I'll hold it and add on weakness as long as I still believe. If I no longer believe, why hold the stock.
I'm sure that many cannabis based stocks will do well, but some will falter. I see OWCP as cannabis based, but also biotech based, and that's what interested me in it. I believe it offers the best of both worlds, and because it does, it isn't as likely to be effected by negative effects caused by a Federal Govt that rattles the industry. Sure, have a short term effect, but long term I believe that OWCP products will be sold worldwide, while most of the other cannabis based companies are involved directly in product sales in regional areas.
If we took California as a microcosm of the industry, let's say that 20 listed companies were vying for the market here, as an example. I suspect that some will prosper, others will fall, but if OWCP has successful products, virtually all of these companies will be selling products created under licenses or partnership with OWCP. With products like our cream and sublingual tablets, I believe that the demand for the products will have them being sold virtually everywhere that cannabis based products are sold. That's why I've invested here, rather than for other companies intending to sell the products directly to the consumer.
Gary
I have no idea if OWCP will trade down to $.30, if it does I may add to my position again, but not with the idea of selling anytime soon. I believe this company will be selling in double digit dollars in a few year's, that's where I want to go, not a few pennies up or down where I could be out of the stock when really important news was released, and I'd only get half the shares I sold because of one bad trade.
For today, it's still very possible we'll close green. For someone who bought at the bottom, they'll have a nice profit, but likewise someone sold, and they'll have a substantial loss. Those with a loss may, or may not ever get involved with the stock again, but I'd guess they'll be watching it. I believe that most who sell with stop loss orders will regret their action in time, however, if they really couldn't afford to hold the stock at a lower price, it may have been their only choice. Personally if I believe in a company, I'll hold it and add on weakness as long as I still believe. If I no longer believe, why hold the stock.
I'm sure that many cannabis based stocks will do well, but some will falter. I see OWCP as cannabis based, but also biotech based, and that's what interested me in it. I believe it offers the best of both worlds, and because it does, it isn't as likely to be effected by negative effects caused by a Federal Govt that rattles the industry. Sure, have a short term effect, but long term I believe that OWCP products will be sold worldwide, while most of the other cannabis based companies are involved directly in product sales in regional areas.
If we took California as a microcosm of the industry, let's say that 20 listed companies were vying for the market here, as an example. I suspect that some will prosper, others will fall, but if OWCP has successful products, virtually all of these companies will be selling products created under licenses or partnership with OWCP. With products like our cream and sublingual tablets, I believe that the demand for the products will have them being sold virtually everywhere that cannabis based products are sold. That's why I've invested here, rather than for other companies intending to sell the products directly to the consumer.
Gary
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