Planet 13 explodes after purchase
The title’s statement is not made with any sort of bravado whatsoever. Quite the contrary.
Per a Feb. 2nd Trade Log entry..
- Bought back formerly held PLNHF, which has hopefully digested its latest financing on the consolidation to just below the SMA 50.
I had taken a big profit previously, not liking what I viewed as chronic bought deal financing. But then I bought the tick below the SMA 50 because my other Pot stocks were all screaming higher and well, let’s give it a shot. Now 8 days later it is +51%.
I don’t know about you but I know for a fact that I am not this smart. Therefore I took the quick profit on a partial position and will let the rest ride for a bit. Profit taking is easier in the tax unencumbered Roth IRA where this is held.
The bubble is probably making less experienced people feel like they are smart for real. But I learned how dumb I can be in a past filled with rich experiences.
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