RE:RE:The Risk of a Major Shorting EventI'm expecting it to go below $40 and will be buying from my profits of selling my non-core position at much higher prices. I will keep buying as it dips even further as I have a good cash position.
As to a recession, there will always be winners in any state of the economy, although much fewer during a recession. The way I see it, there are currently over 30 countries at medical or going medical and some even recreational. If someone (meaning retail/institutional) is seeking a return on investment in a sector that is growing at an incredible pace, then the optimal choice and sector leader is WEED. Always bet with the biggest and best of breed in any emerging sector.
Once the edibles/drinks market opens up in Canada and US, the dominant player will be WEED. As Bruce has said, the world market for everything MJ as a distruptor is $200-$300B or possibly more, and who will be the dominant player.....WEED. When I compare WEED to all the other major MJ stocks, the choice is clear and the only MJ stock I now own is WEED.
I expect this stock to be much higher in the not to distant future, how much higher and exactly when, I have no idea nor does anyone else.