CdnStockGirl wrote: My *gut - not 'my guy' lol... These are strictly MY opinions.
quote=CdnStockGirl]The market has evolved, Falcon, for all of the MJ stocks, and this is an important, pivotal time where you want to be clutching the stocks you are most confident in and hold tight. You can't compare timelines going back six months even. Tweed was just the skeleton of an old chocolate factory a couple of years ago. Look how far they have come, globally.
I highly question the validity of these three comparisons:
~ Past spikes - If you look at the charts and volume over the past week, you will see a continuous climb, and for all the core MJ stocks. There is massive buying momentum. MT / OGI / APH / ACB are not on the TSX - they also did not just secure a deal to distribute to German pharmacies. They are awesome and incredibly lucrative stocks - I think people should invest in them, but my point is that something else is CLEARLY going on here, elevating the floor of all of these stocks. In the past when we had a spike for a political announcement or such, shorts and profit seekers would bring it back down. They have tried over the past while without success as this only spells a buying/top-up opportunity for hungry buyers.
~ What happened in the states. Federally illegal/shell company pump and dumps. Please don't even compare to the legitimate companies (COMAAS) that are operating legally in Canada and growing successful, large scale operations. Insulting.
~ Recreational - That will be awesome when it happens and extra reason to invest as much as you can in successful LP's but the topic of MMJ is on fire in G7 nations and cannabis will be giving pharma's a big run for their money. I wonder when they will start shopping to buy-out some of the successful players? Maybe once it is made clear that Pharmacies will be dispensing? Canopy again is, and will be a global leader in that respect, but patience is good right now as they need to continue to scale to accommodate.
My guy says if you are here to make money, put your ego in a drawer and buy up as much CGC/and other big players as you can. You can try and catch fluctuations for profit but I think any dips for the foreseeable future will bounce back up like a rubber ball. You could get ousted and it will cost more to get back in as several have sadly found. I could be wrong but I'm just not seeing any evidence to the contrary.
Looking forward to another exciting week ahead!
GLTA & DYOD Always
~CSG
FalconM wrote: Fair enough and i agree but let me ask you when you sold why did you sell? Also are people now interpreting this hike as pricing in the rec market?? Or are you pricing in a favorable allard related decision by gov? Or profitability? Like weve waited a year and this is seemingly from no where. One interrpretation is tsx uplisting has become a doorway for millions into the mj market. One thing not anticipated is that all the other MJ companies are gaining from this as cgc sellers are moving their funds into non tsx uplisted companies. You can see the boost in SP in other LPs begin once cgc broke out of 3.30 range. A part of me thinks its a bubble and hence my words of caution. Obviously cgc will be worth higher than 10 next year at least but is this a legit lift off for rec market? Or is it driven by political hype as in the past? I think at this point im willing to invest half of my money, having profited 40% since end of july. This is getting pretty crazy. I remember a year ago never thinking id come close to having 40k in my tfsa and that if i made 5k id be a happy camper. Now i got almost double that and these stretches are bringing in 5k a day. Its the Wild west of stocks baby. Im not tryin to bash trust me just getting my head over whats going on lol