Marijuana Industry: Once in a Lifetime Opportunity Missed? (Or Not)

HEMP 10,000 shares @ .17 =          $1,700

MJNA 17,000 shares @ .31 =          $5,270

GRNH 22,050 shares @ .47 =        $10,363

RFMK 100,000 shares @ .0034 =        $340

ERBB 68,000 shares @ .0279 =       $1,897

PHOT 5,000 shares @ .377 =          $1,885

Total                                           $38,045

Total Investment                            $4,500

I SOLD ALL OF THOSE SHARES LAST SPRING AND LOST $2,990. Prices as of 3:30pm 2/14/14 are what I would have today if I still had the shares. No one stole them from me, I gave them away! So big bad Wall Street is not to blame, sorry 99%'ers.

I knew I was right when I bought them but a string of bad news and a prolonged downturn in price shook me out. My wife and my mother both told me to hold them and I cracked. My impatience was duly rewarded with a modest loss instead of a $33,545 marijuana profit. Very hard to swallow and not only is it hard to swallow but I told EVERYONE I KNEW that this was coming and was almost universally ignored. Only one friend bought some shares and he too was shaken out at a low point. I had not yet read Peter Lynch's books in which he says, "Just because you buy a stock and the price goes down, it does not make that a bad investment."  "PATIENCE!", says Philip Cabot in this you tube interview at the ripe old age of 98, that is the #1 lesson the markets have taught him in all those years. I'd be wise to listen to that kind of experience although two people who hate the markets and totally ignore them told me the same thing....sit on them. It turns out that I have a couple more marijuana stocks that I did not sell....I'm sitting on them. Let me say that the Marijuana industry is like a 9 inning baseball game, except this game has no outs in the first inning with the bases loaded. Huge profits are still to come in this industry.