RE:Retail investors not invited to the party You need to publish the last part of the quote.
“It’s the history of all bubbles and crashes: it’s always that retail guy getting in at the end, and they’re buying the worst companies,” said the investment manager who asked to remain anonymous.
“They’re not buying Canopy … They’re buying the garbage at $1 thinking it’s going to $50. And it’s crazy, but nobody listens, and history repeats itself continuously.”
I met with an old employee and she would only buy cheap pot stocks price under $5, she reasoned that other companies were too expensive. I debated explaining market caps to her and discuss how I bought Amazon at $300 and it's now an $1800 stock, but I decided it would be too much effort.
These people buying cheap weed stocks are the ones that will get fleeced buying "me too" stocks with poor management and weak balance sheets. Canopy will endure (especailly with nearly $800 Million in the bank after their last raise).