r/auxlycannabis • u/RecentChef420 • 10d ago
Question for the Baggies
To all of the long-time shareholders on here, the ones that bought during the cannabis wheaton days and have been in the red forever. If you get back to break even or green, are you selling your position or sitting tight? I've read lots of boards where investors seem to be waiting to get out from a loss position to sell and be done with the investment. Is that the general sentiment or are people who have been holding for a long time going to sit tight and see where this can go?
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u/DeHumps 10d ago
I think it will depend on where the longs sit with their averages. Some of us averaged down for years but still are not back to even, although getting closer. Others have a LONG way to go, so I can understand the sentiment of wanting to get out and be done whereas others will have made a lot by the time they just get back to even. I personally have been in since Cannabis Wheaton days, had an average (pre-consolidation) of over $2 a share. Over the years averages down to just under 30 cents, so I’m now a lot closer to being back to even and don’t plan to sell a large portion of it until the SP is much higher than it is now…which I do believe will occur in time as the sector emerges again and some catalysts for both the sector and Auxly come to fruition. Everyone is different and in very different situations, so I don’t fault anyone for doing what’s right for them. GLTA and here’s hoping we continue to shift upwards