CYBIN - The Mushroom Long Term Play

2022년 5월 1일

Amidst my re-evaluation of markets, divestment from crypto, and future planning, I'm slowly building a long term position in CYBIN. As a therapist who also happens to be a fan of psychedelics, this one fits me well. I think it can continue to flounder around, and perhaps test some even lower levels. Just looking for optimal entry points now, and managed to scoop some up the other day at $0.50. Over the next 10 years, I think the psychedelic mushroom industry will be an interesting place for growth. Screw tech. Mushrooms all the way! And not just the magic ones. I'll be on the lookout for other companies as well, and should probably devote some more time to research.

I placed some theoretical targets for this, since the company is currently valued just under 100M. I think $3 Billion is fairly conservative, hence the $15 target.

This is meant for speculation only, and not as financial advice.

-Victor Cobra

2022년 8월 16일

노트

I want to add here a realistic point of view, and that is - the mushroom industry might end up with the same fate as pot stocks. As more producers enter the market, the cost goes down, not up, while demand moves up much more slowly. So, with not too much cash on hand, CYBIN could be in danger, and perhaps it has already seen its highs.

2022년 8월 19일

매매 수동청산

I sold half my $0.40 position here above $0.92. I’m just taking what I can get in this market, and I’m a little concerned about the company’s finances going into this tough economic situation. I think it could perhaps head higher, but I may not re-enter until we see markets cool down again.

2022년 8월 24일

매매 수동청산

Closed the other half today.

2022년 10월 31일

액티브 트레이드

Re-entered 3/4ths of the original position here at $0.46-48. Will probably just hold for now. If we see new lows I may buy more or at least look for other opportunities in the space.

2023년 6월 9일

노트

I ended up selling out of the position at $0.28 and purchasing MindMedicine for this play instead. CYBIN's finances look like crap to me.

1월 10일

액티브 트레이드

Ended up getting back in and selling MindMedicine. I thought more about it and it seems CYBIN is a little more poised to succeed in the space. Although may invest again in MIndMed in the future. For now, I’m only allocating a small amount to this market.