AC8 1.92% 13.3¢ auscann group holdings ltd

where to next?, page-985

  1. 1,063 Posts.
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    I wish I had that loss Im sitting on around 25 k loss right now. I really should of staggered my entry, Ive learnt from this experience , been trading full time for over 10 years and still learning, in hindsight I should of cut my order into 10 parcels (so instead of 50k at one price, maybe make 10 * 5k orders, and only add when the price starts going my way, or average in. Also should of taken the escrow release a lot more serious.

    The thing with all these cannabis stocks is that we have so many positive news catalysts down the line to drive the market up, things like new countries legalizing medicinal marijuana (like Thailand in December) new countries legalizing recreational marijuana, new treatments using medicinal cannabis for cancers, etc, the earnings from big companies like canopy, and their growth which means growth for the whole sector, so many positive news catalysts to come over the years, so there will be cycles of cannabis stocks being very popular and then out of taste then back again. Personally im a believer in marijuana long term, like being able to get into alcohol companies at end of prohibition, not all will be successful, but an amazing opportunity, and when we step out of the daily and monthly fluctuations and look in terms of years, I think its a safe long bet, so Im always happy to hold even on big losses like I currently am with AC8, Im more of an investor than trader with these cannabis stocks.
 
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Currently unlisted public company.

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