TSXV:CYX.H - Post by User
Comment by
JohnnyNoBrakeson Oct 18, 2016 8:09pm
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Post# 25358499
RE:new..
RE:new..I disagree. I watched TNY, MGW, MJN, and others take off, and I heard a lot of people say that they lost shares trying to get fancy. New US states legalizing, and recreational in Canada is getting priced in. The entire industry is still worth peanuts compared to a single tobacco company. It isn't right, but a rising tide lifts all boats and so it isn't very hard to go wrong at this point. I suggest hold and add more over time to make the most money before 2018 when recreational sales begin here. As someone else pointed out, MGW, TNY and CYX stand to benefit from the US states legalizing whereas a lot of the other Canadian MJ plays will not enjoy an increase when new states come on board.
quote=glasrado]Tomorrow market will be down. It is the sell day. Now the buy day will be Friday. Today the first time we saw such a huge volume. Look at the high volume on Oct.11, close to 11 million shares traded with a high of .125 and within 4 days the stock was down to .065. Now the same thing will repeat again, and buy low sell high is the only way to make some money. IMO. The stock may come down to .10 in the coming days. This is my opinion only.[/quote]