Where will we be come spring / summerThat is the $64000 question.
I have been a cannabis investor for 2 years now, and have watched the market across the board very very closely in that time.
There have been some major run-ups, followed by major sell-offs, but all in all everything is up DRASTICALLY since December 2015 when I got in the game.
APH from 1.40 to ovver 20 bucks
WEED from 2.00 to over 30 bucks
ACB from 45 cents to over 13 bucks
OGI from dollar range to over 4 bucks
MT from dollar range to take-ver by WEED worth almost 9 bucks a share ( $6 to $9 on premium)
EMH from 20 cents to over 7 bucks
FIRE from 65 cents to over 3 bucks
Some of these companies have experienced much greater appreciation than others. It is one of the factors that influenced my decision to invest here about a month ago. I view this mj play as less risky than some of FIRE's peers when it comes to valuations - in short there is less downside risk here.......and by consequence serious potential for a run-up like we have seen with ACB and EMH in particular.
I was playing around today, and I'm certain there were plenty of iceberg orders on both the buy and sell sides. Volume was enormous. Overall we have seen nice appreciation and a pullback was inevitable.
BUT............Where will be be come spring / summer is my focus. Are we looking at continued growth as legal rec approaches? Are we looking at 10 dollar range come July 1st ? There is real precedent to surmise that FIRE still has legs to go.
Thoughts?
Peace...................Snickel