RE:RE:SUMMER DUMPIf there is a recession I can see investors being worried about the other Pot stocks that are all loosing tons of money. TRUL on the other hand will continue to show massive profits at a minimum organic growth rate of 20% per quarter for several years to come. Investors will retreat to safe havens like TRUL in the future as this brand new industry develops. Like in the dot com bubble many MJ stocks will eventually fall, but a few like this one will rise to be the next Google, or Amazon type stocks of this era. Short term the markets will have a hard time keeping this down at these levels. This is merely a short term buying opportunity, enjoy and buy the dip.
FireFury wrote: FireFury wrote: Same thing happens every year. Run up to high and dump to 52-week LOWS. It's summer time, we're heading back to $10-12 range again until winter pump. Rinse repeat
Not wishful thinking. Just facts. Happens every year sits MJ stocks have been trading & this year won't be any different. In fact, now with the SPY pull back it could get a lot worse. If we head into a RECESSION next year there might not be a winter pump and we could go LOWER than usual.