RE:Another Fkg BAD RED DAY!!!!!Your problem is buying at the wrong time and not wanting to wait long term. Right now the big boys (Acb, apha, canopy, cronos) are all valued based on future sales target that may be realistic or not. Unfortunately you're stuck waiting for a few years to see ACB go back above $13CAD and if they start missing targets, SP will go down. Any NR about stuff such as drinks and edibles are pretty much already baked in. New contracts most likely already baked in... Because they need new deals to sell to hit sales targets... Are you following me? You'll have to do alot to justify 8B market cap and you'll be waiting a couple years or sell at a loss. Your best bet in the MJ sector is investing in a smaller company like Eve or Hexo. Very undervalued and should be easy to achieve their targets... Plus lots of room to grow (eve has market cap of 100M... They can go up in SP by 10X and still be at about 1B. Acb to provide a 50% return (half a bag) they'll have to hit a market cap of 12B... Where's the sales to justify? Any hiccups will hurt their value... Any good news like edibles or drinks are already baked into the 8B. Again, you invested at the wrong time and now have to wait for Acb to prove that they're worth today's Market Cap, never mind whatever price you bought in (assuming we'll north of $8)
BodDayTrader99 wrote: These MJ stocks are burning me....wishing for a day to get out of these fked up stocks