RE:RE:RE:RE:RE:i think this is just a very temporary pullbackHoping the momentum investors stay away and boredom comes back to the MJ stocks... legalization is so far away the hype can't sustain itself for so long. About takeovers, even if one giant tobacco company bought 1 MJ producer, investors could get excited about the #2 and #3 MJ producers being bought by another tobacco company that is simply copying the competition. As with all things, big players move slow, if at all. Du Maurier and al. are not moving before the law passes in Canada imo. If a producer develops a reputation for: 1- a quality product 2- that can be produced en masse and 3- very cheaply it only makes sense that giants that want to get into the market with the least amount of time and effort suck in an MJ producer like CGC, APH and MT. GL
FalconM wrote: This is my go to answer to any kind of response that dismisses these bearish comments. What happens if big tobacco pharma alcohol, buy one of the non-publicly traded LPs? What happens to the stocks here? There is literally no way of knowing what the big boys will do unless you are an inside trader. Are you going to spend 1-2 billion on CGC? Or 100 million on a small private sector LP and use the rest of the capital to dominate? How much is CGC's chocolate factory, greenhouses and acres really worth? They got some strains, but are they worth 1 billion dollars? It will be 1-2 years before rec. market opens up shop. The big boys could save a lot of money if they don't rush into the sector and take the time to set up shop then just win the long-term game.
Honestly, I have been debating whether I even want to re-invest period. It is a really hard decision because I've come to know these stocks and this sector so well... but logically my brain is saying its not worth the risk until I know what the big guys are going to do.
If the stock was cheap, around $4 or whatever, itd be worth the risk for a portion of my money. But its not going to be the same as last year I just know it. Last year was too flawless. My last chance at easy money was this short. I was happy to find I was right but let down by TD. I am sure with so many shares trading there was just none available.
This short I tried to pull today, in my mind, was the last sure bet I had at easy money. I am not saying you can't make money on this obviously. But in my mind, what I saw as having very low risk high reward, was shorting the first dead cat bounce. I could try to trade a bounce or two for quick flips maybe later on. God d@mn. How do you just walk away after such a crazy year????