GREY:GBCHF - Post by User
Post by
falcon51on May 07, 2019 9:20am
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Post# 29718747
Food For Thought
Food For ThoughtI don’t know if a lot of you went through the pot stock craze but I certainly did and the ones that made big money were the ones that bought into pot stocks that had a vision. Most of the junior penny stocks traded below $.05 for months, tons of news releases on their build outs and licensing yet the stocks never moved much, volume was nonexistent and interest was not there because it was a year and a bit before Canada was going to legalize MJ. If you had bought quality penny pot stocks during this time frame and held on to them through this quiet time you made a killing in the fall of 2018 through Jan 2019. The euphoria that hit the market at this time was off the wall and Huge money was made if one had sold at the peak. My point is that there is a catalyst every other year that drives a sector, i’m Pretty sure that the pot sector has run it’s course so now it’s based on earnings not hype. With crypto stocks ,we had a huge rally when BTC went ballistic , now that it has settled back down and showing some light it gives the sector a bit of an optimistic outlook. As long as optimism stays in
play it brings interest and were seeing that in the past few months. If the trend continues I have no doubt that investors will start to sniff around for deals on cheap quality crypto stocks and no doubt, Fork is sitting better now than it did a year ago, just need the lime light to return.