RE:I don't get it!sovy888 wrote:
Yesterday's vote on cannabis legalization was positive, legalization is IMMINENT in everyone's opinion, even if it's going to get delayed by a few weeks it is still IMMINENT!!! and still all the mj stocks are in red zone... why??? I would hate to admit to all the smart aholes that stated this sector is just a bubble that's going to burst after the legalization, but right now it certainly looks like they are RIGHT... really hope that's not the case here
Retail market alone will not make any of the stocks rise. The fact of the matter is, institutional money (banks, brokerage houses, the hedge funds, Soros, and others) are what move these stocks despite how much you and your buddies think you can move it; retail is but an Ant.
Right now, all those money managers are eying the herd looking for the fattest calves....Post time is coming soon, now that the senate has voted. The real horse race starts soonish.