Zhantao wrote: Yeah but the problem is, the stock may not be as high as you think by July 2018. Remember, weed stocks lately (including THC) generally FALL in price after they get their license. So let's say Matic ahappens to get their license any dad now, then chances are the SP will drop lower. So for example, share price might be like 4 or 5 cents. Or let's say they get their license in November and it was trading at 20 cents just prior to the license announcement. After they announce the license, the SP may drop to 12 cents (again, just an example).
Now, by July 2018, perhaps this will be much higher by then, who knows! But there's a good chance it won't be as h igh as you think, because the SP tends to go up in ANTICIPATION, but when the big day comes, the SP DROPS hard (again, like the license example).
Plus, after July 2018, the marijuana sector will probably correct itself. These weed stocks will be like any other stock (oil for example). The BIG players such as Canopy, etc. will be trading in the dollars range, but there will be many many small companies trading in the pennies, just like it is in any other sector.
This is all just my opinion/feeling of course, based on how markets actually work, and not based on how we THINK they should work
NewDonaldKnows wrote: Natty me too so thinking back to THC at .09 cents I went ahead and grabbed .09s today for MMJ. By July 2018 half penny will be insignificant.
Nattydread26 wrote: NewDonaldKnows wrote: They are working on a new LOA I would expect this to be done in the next 60 days from the PR stating so. Do you remember buying THC at .09 cents pre-license and thinking I hope they do it? I remember that and history speaks for itself.
So I doubled up on MMJ today and look forward to .30 .35 cents before long.
Erictrader101 wrote: Any idea of a timeline for the purchase of the other late stage?
Hey Donald, What price are you grabbing your shares at? I've had a bid at 0.085 since last week, not a single share filled. Getting frustrated