GREY:ISOLF - Post by User
Comment by
Updownsidewayson Apr 26, 2018 9:45pm
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Post# 27947999
RE:Feeling defeated
RE:Feeling defeatedThe most likely reasons for the cannabis sector weakness are a few things; first is seasonal. For the last 3 years in this sector it's been a huge rally in the fall/winter, then low volume sell off in spring/summer. Then there is the broader market issue. With rising interest rates, quantitative tightening, and Trump politics, it would appear the US indices topped the 8 year bull market in January, and now appear to be starting a secular bear market. All speculative sectors will sell off when broader markets do. Look at the low volume in all the markets, people are weary. We're also getting close to the end of the speculation period for pot stocks, and will be entering reality. It will take at least 1-2 quarters of recreation earnings before we can get a good idea of the size of the cannabis market, and individual companies market share. Will the reasons given above, it would appear most people are not comfortable holding huge speculative market capped stocks, when approaching reality could end up not justifying it. Personally I'm still betting on a run again this summer/fall/winter, and I was buying some pot stocks today, although I'm still holding mostly cash and only buying small lots. Just my opinion Trippleline1 wrote: There are days I wish my computer would have exploded the day I bought this stock. I'm not complaining but it's hard to be down over $20,000 and remain positive. I don't know what it's going to take to make this company favourable to the market? I'm sure eventually it will move but it looks like it's going to take a lot of time. ISOL tooooooo looooong.