Ah the "we'll never see these prices again!" mentality.
GTII was highly "investable" for me at a 750m market cap. Which is why I went balls deep and ran it for about 160% gains. Far too much risk involved to invest at these levels. This is when I trade and pick up laggard scraps while keeping risk minimal.
If I invest in a company and I believe the company is worth X amount and is currently valued at Y amount. When the company surpasses what I believe to be the fair value, I sell. You use the words you want, I call it common sense.what you refer to as investing; I consider swing trading.
Most people do not consider the act of assessing one's holdings every few days (to see if they are all properly valued) as investing.
You're taking advantage of short term dislocations between price and what you perceive as fair value. I do a ton of that; but I don't call that investing.
Yeah I invested in them today. Sold for a quick 18%.Wow VFF...up another 20% today
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Still believe in the thesis. Still think drinks are a massive future mainstay of the cannabis market, still think Tinley is the best actual drink maker in the game.
But yeah, what a frustrating stock to hold sometimes.
There is no business model and product that fascinates me more than Tinley. My only argument is that I'm a casual weed guy, at best. The alcohol industry thrives because of alcoholics, not casual drinkers. That's where most of their revenue comes from. And it seems like most stoners consider these drinks a joke.![]()
Still believe in the thesis. Still think drinks are a massive future mainstay of the cannabis market, still think Tinley is the best actual drink maker in the game.
But yeah, what a frustrating stock to hold sometimes.