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re: Let’s talk weed stocks in this thread
Posted on 9/11/18 at 6:54 am to TigrrrDad
Posted on 9/11/18 at 6:54 am to TigrrrDad
quote:
That’s how I started out - my kid had his shares that grew exponentially, so I said what the hell, I’ll throw a few bucks in it. Then I figired I’d get a little more to sell half when I get my money back plus half to hold long. Then I figured I’d add a little more so I could day trade a third of it. Then I started really following the company and learning all the details, and I can’t help but buy more.
Everything hinges on that state license, but they have put themselves in the right position and have the right people working on it. The week to week fluctuations and the dips are meaningless in the big picture. Of course, every penny stock is basically a speculation play.
I think the MJ business is going to be similar (on a slightly smaller scale) to the .com boom of the 90s. I am trying to position myself with a few different companies that I think may one day be something....I wish I had bought into CGC when I first started researching them. I'll probably throw another $1-2k each on LVVV, NXTTF and MO. I think once we get closer to legalization in the States, MO is going to start buying up smaller companies quickly.
Posted on 9/11/18 at 12:23 pm to rowbear1922
quote:
I think the MJ business is going to be similar (on a slightly smaller scale) to the .com boom of the 90s
I agree.
One thing I’ve noticed about the handful I’ve seen that have exploded is that they skyrocket up then drop like a rock to around half that peak. Like they’ll go from pennies to $10 in a heartbeat, then drop back to $5 and level out.
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