RE:Another exciting week aheaddanyrant95 wrote: Let's speculate:
1) BNN dude said theyre breaking a story on one of the biggest brands in the world partnering up with an LP
- Diageo doesn't strike me as a "brand" per se. More of a holding company. When I think brand I think Kraft, Coke, Gatorade, Estee Lauder (yes, cannabis creams are going to be big...Puffy under the eyes? How about this anti inflammatory CBD cream?).
- So I think the news is going to be surprising and I think it's goign to bolster the entire sector.
2) I think the US is going to chill out on their border policy with weed. Their hardline stance makes zero sense and they will receive mounting pressure from politicians in legalized states to clear things up. The news didn't even push stocks down this time (this is the second time they released that stupid news - media had a hayday with it), they deflated during trading then the news was released aftermarket, next morning they rebounded...HOWEVER, when the US finally chills out about this, it's gonna be a catalyst...So thank for that border cops.
3) We are now 1 month away from rec. Some people think theres going to be a sell off on october 17th....this is utter nonesense...once we are legal, anyone who had a legal issue with investing has got the green light....any major corp who was told by counsel to abstain until october 17 will now be ready to go...banks will let brokers solicit, and we are gonna go for a nice run.
I agree 100% on a strong run up on October 17th and after, there is billions of dollars waiting on the sidelines waiting to jump in come legalization!