What do I know ......and a questionOk so I am a newbie to trading have several MJ stocks with a big chunk in THC.......and while I read everything I can, I am not remotely an expert. However, I also wondered about a possible M&A with price being seemingly held down for so long? The involvement of Leede selling small numbers of shares is interesting and why? To keep price down is only thing I can think of ......why else other than merger? Although THC seems to be on a mission with a mandate, not in huge need of money and may not want to be bought out? But who does want to be bought out? Maybe MT recognized that a buyout would be inevitable and so why not merge with CGC? It increased the share price for holders at least?
I recall all an opinion from someone on Seeking Alpha (I know - no guarantee of credibility but I like to read everything and consider all perspectives) about THC being owned essentially by a venture capital group? I guess all companies are "owned" by shareholders and/or to some extent venture capital companies but if so, how would this make any difference if at all, in keeping share price down or in any M&A potential?
It seems that over the long haul, all the pioneering LP's are going to do ok - though no doubt some will do better than others. What an opportunity! I really appreciate all the info shared even when perspectives are different. I have learned a lot in the past year. Still not the same as doing this for a living or even on a regular basis. I do psychological assessment for a living and you could try to read up on that.....but even then you may have trouble differentiating Biploar from PTSD, or test reliability vs vailidity....so I am grateful to all those patient enough to point out the obvious for those of us who are relatively inexperienced newbies!
Question - I started investing a small amount last March and as I became more informed I decided to re-direct my RRSP's and caught the upswing in Aug/Sept. I still have half my savings in traditional bank stocks, but as I see this huge opportunity over the next 6 months and possibly year or two....I am really tempted to re-direct more into original LP's? I know conventional wisdom says diversify across markets.....but this is an unusual once in a lifetime opportunity? Would I really lose if I bought into the top 6 LP's? I am not looking at FIN or LIB or CUZ cause while they may payoff down road.... I think too risky for that type of investment? I know there will be more volatility, but over long haul it seems like a calculated risk? I also read that if there is a significant market correction in next year, this sector might be somewhat protected as usage unlikely to change even in economic downturn.
Thanks in advance and GLTA