Buy in point
The question right now is how far will it fall. I bought at 6.70. Sold the last lot today at 18.20. No complaints. I expect it to go to 100 eventually. But where will the re-entry point be. I've increased my position 25% just by selling above 17.50 and waiting a few days. The last two months it's been a sine wave. The dragging factors are there for sure. There's 1.2 billion dollars worth of unsold pot in Canada. As Stifel pointed out, the ER wasn't great when you scratch the surface. And real actualized legalization is many moons away. And that breaking bubble is full to bursting. So how long to wait? Mergers and decriminalization are in the price already.