RE:Trade opp. Have I not taught you anything?
Do not try and catch falling knives. Weed stocks can fall another 80%. Many are trading at 10X revenue. Think about that. That means you need to develop 10X the distribution or create 10X the number of products.
And what does that all take? You guessed it. Cash.
But they don't make money today so how do they finance it? Issuing shares.
These companies don't exist to sell weed. They exist to sell shares. Just watch all these down round financings to keep the illusion going.
Blackspade tried. That sucker is down now -47% on his infamous "Blackspade trade."
My recommendation to go short last week on Curaleaf has already netted a 10% gain in one week. That is a 500%+ annualized return. Add that to my list of good trade recommendations to this Board. And lower it still goes. Easy money.