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re: FINAL RESULTS: 2019 Top 5 Stock Pick 'em Contest as of 12/31/19 on page 32.
Posted on 1/26/19 at 12:21 pm to Suntiger
Posted on 1/26/19 at 12:21 pm to Suntiger
quote:Yep. As the marijuana market shakes out this year (ETA: I wanted to say "as the smoke clears" but that was too easy
Three posters picked CGC. Those three are in the top five.
) it will be interesting to see if CGC can maintain its price improvement. IMO, it's a high risk, high reward stock. It's one regulatory blip away from a crash.
But CGC having a +80% YTD return after only 3 full weeks into the year is damn impressive! The question is, is it sustainable?
This post was edited on 1/26/19 at 1:38 pm
1
Posted on 1/26/19 at 12:29 pm to LSURussian
My concern about dope stocks are what will happen when production goes widespread and farmers in places like the Rio Grande Valley grow it?? I suspect 1000 or two acres of production could flood the market.
Can the existing companies build brands that will have some brand premium before the production becomes completely commoditized?
Can the existing companies build brands that will have some brand premium before the production becomes completely commoditized?
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