Charlotte’s Web Stock – What’s a Fair Price?
For many cannabis investors, it’s their first time putting money into the stock market. They probably have no idea how badly human emotions can affect investors. It’s a topic covered perfectly in the book Reminiscences of a Stock Operator which highlights how fear – whether that’s a fear of missing out or a fear of losing money – and greed, can both lead to irrational decision making. When you consider how volatile and irrational cannabis stocks have behaved historically, it’s a recipe for disaster. Let’s take Charlotte’s Web (CWEB:CN) stock as an example.
In a previous article, we talked about how Charlotte’s Web is A Good CBD Stock for Cannabidiol Investors because they’re profitable, they have a great product, and their management team seems both authentic and competent. We stopped short of making any recommendations because we believe every investor needs to do their own due diligence and make their own decisions. If we tell you that this is a good time to open a position in Charlotte’s Web stock, we’re not going to be there to tell you when to sell. After all, losses and gains are only on paper until you decide to close your position. While we can’t tell you when to sell, we can provide some advice on how you ought to buy shares.
Market Timing Risk
Buying a stock “at the right time” means that you bought shares
