RE:New InvestorIt’s not just HIP, the whole sector bubble had a decent pop(deflate) starting in February, so many are down 50-70% from the all time highs. But there’s still some decent strength in the sector, so it hasn’t completely collapsed. There’s still plenty of speculative value pumped into this sector, which could deflate further. But in my opinion from playing this sector the last 3 years, is that it’ll take real revenue numbers to either pop the speculative bubble or add more air. So I feel it’ll be relatively sideways action leading into the fall, then hoping for a repeated pot sector bull run in the fall for the 3rd year in a row.
It’s gotta be scary holding an 8 billion dollar valued stock like WEED going into legalization revenues. A lot has to go right to justify current valuation, that even though they are the sector leader, there could be more immediate downside before further growth on the billion dollar pot stocks. Which is why I prefer to play the smaller valued pot stocks.
Point is, summer usually sucks for stocks, and that’s when you should be accumulating for the next bull run. Buy low sell high
stealthct wrote: wow so i decided to take a look at this stock.
What happend from earlier this year to 54 cents today. scary. what's next 20 cents?