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re: What are your thoughts on marijuana stocks?

Posted on 1/11/14 at 9:53 am to
Posted by tigers102886
Member since May 2008
1227 posts
Posted on 1/11/14 at 9:53 am to
Marijuana Stocks are primarily penny stocks right now. With Colorado beginning to sell recreational marijuana on January 1, the stocks soared 200%-400% in a few days based upon that and not any actual company news. The stocks have since plummeted and will probably continue to fall. If you really wanted to gamble on these penny stocks, my suggestion would be to wait until April/May, buy when they are all really low, and then sell in June when the state of Washington begins selling marijuana recreationally.
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
34994 posts
Posted on 1/11/14 at 10:15 am to
Didn't know about Washington. I thought about getting a couple penny stocks with some money that I don't care about losing. I looked up GW Pharm and they were up $41 per share.
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