GREY:CNTTQ - Post by User
Comment by
EdiblesRlifeon Dec 06, 2018 12:05pm
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Post# 29076289
RE:RE:RE:RE:RE:RE:RE:Comments about APH
RE:RE:RE:RE:RE:RE:RE:Comments about APHLol good point, people still need their medication regardless of economic situations. And for rec, I think people will use cannabis more during rough times. But yes lots of confusion and I can see a case built for postive outlook and pessimistic outlook (however, my thesis is a lot more optimistic, as you will see in my big rant from my last response).
Nastysasky wrote: One caveat to my last...
health care stocks tend to do well during a economic slowdown. MRK, PZE are doing well, that could be a positive for a medical pot stock like TRST.
I just wanted to add a bit more confusion ;)
gl
NS
Nastysasky wrote: Unless the Dow makes a comback today, it looks like it'll close below its Nov 23 lows. I gotta be honest this feels like the end of a bull market. Investor confidence has been shaken by all the macro issues, Trump, China, interest rates, slowing economy etc etc etc. The Dow barely moved when Trump & Xi said a truce to tariffs. Sentiment is low right now.
with that...
There are "deals" but everything gets much cheaper when a bear the market arrives. Pot stocks swung way past on the upside, they can on the downside too.
If you're willing to hold for years, and even at a potential loss for that period, I'd say buying TRST or WEED maybe even ACB could be a good bet. But if your time horizon is next year, I don't think I'd expect too much if current sentiment remains.
The US numbers out today showed a slowing economy, if it continues this way it'll be hard to find a place to hide, especially if you're invested in overvalued pot stocks.
If you must, I'd look to US pot stocks, there are more catalysts for gain there. Here we only have takeovers, edibles and growing into valuations...that's it.
My thoughs anyways.
NS