RE:RE:Money goes from the impatient to the patient..WIth money pouring out of every other sector, does it not look for a place to go?
Would MJ maybe look like a good bet at this point? All signs signal that Canada and the EU are going legal. Australia as well. As screwed up as the USA mj market is (I stay the hell away), state by state is choosing legality.
If the S & P crashes to 2000 are medical mj patients going to stop using? Do people stop smoking weed to relax? This stressful condition might even encourage more use??
All companies are gowing every quarter. All are setting up massive shops all over the globe.
Turbulance is expected. Mostly manipulation from the big dogs. The fact it is getting this attention already is a good thing I think.
I am not buying or selling at this point. If it holds here till march I won't be surprised. March 10th this will start to move up again. I base this purely on the fact that Canaccord will want to start (short) selling the 200m they have at $13/shr. They wil have all of these sold AT PROFIT before their MAy 9th release. Those will be used IF they can't cover the old fashioned way. Shorting with your own constructed backstop.
I have faith in corruption and the greed of the banks that are playing puppet master with this industry.