CGB (ASX) Who's right? Who's wrong?

Originally posted by BigDaniel ↑

There has been alot of good debate over QBL & the future prospects of the company since hemp consumables for humans became legal in Australia on November 12th, 2017.

Generally most posters including myself will have a sentiment that is clearly identifiabe throughout their posts. Some posters will be day trading, some posters will be long term holders, some will be shorting & other will be participating in the forum out of interest.

In regards to QBL future success & differing views amongst posters. The question of who is right? Who is wrong?

It should be remembered that QBL is a speculative stock & like any specalitive stocks, there are usually equally high risk & equally high reward. This balance of risk v reward generally lends to the argument that there is 2 sides to the coin & all sensible input should be weighted by any investor or potential investor.

To make the most of a speculative stock an early entry price is important, the risk at this entry price is accordingly high. I personally have decided to take this risk with QBL based on my own research & I'm financially prepared for both a positive & negative outcome, I think you should never invest money in speculative stocks you can't afford to lose.

It's been a very interesting 8 month period, in this time we have seen numerous partnerships & developments announced by QBL. The general direction of QBL on surface value has been very positive.

The key for LT QBL holders is & always has been profit. Surface value is a good start but the shift to real tangible value will be the defining factor for QBL to move out of the speculative realm & reward investors.

The answer to the thread title? Personally I think it's no one, its a speculative stock.

Regardless of sentiment I hope QBL brings wealth prosperity to all who have invested.

Cheers.

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Hi Daniel, Your posting is very sensible and has been well thought out prior to you pressing "Post". Clearly you are on balance moderately confident that a considerable profit is more likely than a loss after holding for a medium or long term. I share exactly that view also, and have a larger than average parcel, but of my entire market investment it is not a high percentage. If the value of QBL dropped back to the sub 2c range I would be taking a big loss. I accept that possibility right now, but believe it could easily be a x10 share over say a 7 to 10 year range. Whichever way it does go, the sun will still rise in the morning, and my lifestyle will not really change. If there are big profits in the future, the grandkids will get a great start to their adult lives. GLTAH.