RE:RE:RE:80 minutes.....I believe this positive spin from the passing of the bill and the setting of the official legalization date will still have a few more positive trading sessions left in it. Except possibly for this Friday when some investors might want to crystallize their solid gains from this week.
After all, I believe there is a bit of a lag factor in play here when it comes to the weed stocks. From watching the financial stations in Canada and the U.S., there would appear to be a clear and marked difference between the two. Whereas the cannabis stocks gets a ton of air play up here in Canada, it virtually gets zero air play down in the States where all the talk tends to be focused much more on tech, crypto, block chain, and the likes.
As a result, a lot of the current news that we as Canadians are on top of when it comes to the weed stocks would not appear to be as rapidly priced into the share price from an American investor point of view.
MeAndMyTwoCents wrote: Never shorted a stock in my life and never will. Too risky. BUT, I have sold almost all my cannabis stocks for now as I believe legalization is a "sell the news" event, and anyone putting fresh money to work here is taking huge risks. Now that legalization has been announced, I think the sector is due for a cooling off, even if just for a week or two. That's just my two cents.