AttentionACB has trippled profit from $2.00. Even if it has great potential in the long term, the risk is huge in the short term. The shorts will sell at any bad news. I would not buy it now. If you see the leaders in each wave, you will find leaders are changing, first APH, then WEED, now ACB. As a smart investor, I always see the cost of the stock by different group. Cost is the only thing that holders decide to hold or sell. Nobody wants to lose money, right?
Now there is a better chance to make you win triple profit and that stock is ABCN. I am not pumping or bashing, just telling the truth. When investing in the long term, we have to think more about Management, Technology, License, Market, Patent, Infrastructure, Cash Flow, Medicinal or Entertainment. Some things can change and some can never. In my view, price in entertainment marijuana will drop due to low entry barriers. The winner in entertainment will be the one with scale and market, just like WALMART or COSTCO. There is no secret to be a winner in this sector. Yet the biggest winner in marijuana will be the one that the main market focus is in Medicinal sector, such as ABCN. Of course every one wants to get some money from entertainment next year, but you have to focus on medicinal, as I said, and the profit in that sector is huge.
Baby boomers are retiring in the next 10 years. In the U.S., 7 million peopler retire each year. These elders need medicinal marijuana to cure or relieve pain. That is a huge market, not to mention European countries.
Now look at the chart of ABCN and volume. I can see big guy is controlling and loading. Price for the company's CFO is $1.16, debenture $1.50, and institutional $2.25.
I believe the next market leader will be ABCN. What do you think? No risk at all.