RE:RE:RE:RE:How Investors get Fleeced by the MarketQueenNerfertiti wrote: Has this stock every shown a "slow climb up"..? It's either trending down, trading sideways, or moving explosively to the upside. There is a big painting up on the wall of what legalization will be, the only problem is it's currently in black and white with a lot of lines missing. Those lines will appear, and the color of the full picture will take it's true form over the coming months.
Everyone saying "ok legislation was introduced, pack your bags and load up the day before legalization" is totally missing the point. We saw the beginnings of the framework. Everything else is going to come BEFORE the actually legalization is enacted. Stepping back and looking at the broader picture here, it seems kind of foolish in my view to try and play for pennies at this point in the game. All major LP's are significantly undervalued when put in context to the opportunities that are ahead.
Someone asked about share price @ 365 million revs and another poster suggested $20 with a P/E under 20. That's great in a mature market, but in one that has signs of continued exponential growth over the next 3-5 years in Canada, and much MORE abroad.. I think P/E ratio of 50 (at least) will be reality for the coming years. So when taking that into consideration, there is WAY too much upside to try to get cute here.
Hold the stock and stop watching so closely, a pizza takes forever too cook if you never take your eyes off it. If these guys don't get purchased, I think this is an easy 10 bagger within 5 years.
Reminds me of what I used to read on the potash junior boards many years back when everyone was screaming about how much potash the world was going to need,especially with China and India's explosive economic growth and how limited the supply was and how most of the supply was from Canada and that there was no way the projected supply from all the existing and planned mines could keep up with the demand.........blah,blah,blah.
Well,fast forward.The world is now oversupplied and look at the charts of ALL the potash stocks over the last 5 years and how the price of potash has plunged!!!