I tend to like buying when people are disgusted and worn out by a name, so I’ve been putting cash to work the last few weeks. Doesn’t mean I will be right in the short term but I like my odds in the long term with MSOS
I couldn't stomach MSOS anymore and sold it at a pretty shitty loss last week. I always fucking hated ETFs in concept, but now I have a concrete reason to hang my hat on. It felt like it was holding too much shit that could drag it down to lord knows where. Painful but decided to deploy the remaining money to something else. I kept Thumb though, even though if that hits my cost I might ditch that shit too.
Fully expect it all to go up from here, but I couldn't risk it going down to $25, $20 and getting stuck there by anchors in its holdings. I'm confident I'll make back the loss from my redeployment, but for now MSOS is in dubious company with Fitbit as the only two sales I've ever taken a loss on (since I started around 5 years ago). Any other I've been down on, I always just wait for it back to even before getting out.
Yup, I knew you'd be back to posting today. When I checked in, I told myself, 100% they're back in blockchain. And lo and behold.
I think I realized with these pot stocks - they don't follow my personal investing criteria, and I'm kinda expecting big gains from anything I buy so why am I caring to be left out of this industry? It's not like I'm in every other industry. Wish I'd have not gotten swept into the excitement, or at least sold out soon after I found myself up quickly. I mean, even if Thumb goes to $250, that 10x isn't going to change my life with what I have invested in it. I suppose you guys have a huge percentage of your capital tied in, so liftoff would be really meaningful, but I'm more diversified and expecting big things from anything I buy.