Why is MJ such a turd in the punch bowl?

[SOL]

I prefer the pattern on CGC plus its the grand daddy in the cannabis space.

As a speculative bet you might consider HITI. Good portfolio and a competitive E commerce platform to market its products. It has pulled back and is trading in the extremely oversold ranges on the weekly charts

[bpcw]

I prefer the pattern on CGC plus its the grand daddy in the cannabis space.

As a speculative bet you might consider HITI. Good portfolio and a competitive E commerce platform to market its products. It has pulled back and is trading in the extremely oversold ranges on the weekly charts

Thanks Sol, a friend recommended it but as you say, the chart isn't that great, will check out your recommendations!

[Centeron631]

Just wondering a) what happened to TI 's following this one as have not seen it in the updates b) with current prices in Mid $8 is it a good buy right now?

[Triplethought]

Just wondering a) what happened to TI 's following this one as have not seen it in the updates b) with current prices in Mid $8 is it a good buy right now?

I had 2 options on it (1/2 lots) that expired in January. I lost my investment on both. I also hold 2 1/3 lots of the stock which are down 50% from where I bought them. I also own options on CGC that expire next year that are extremely under water. I'd read up on why Marijuana stocks have under performed (over supply and federal banking laws I believe) before investing. I think if the Feds legalize banking they will pop up suddenly. Not sure if that is in the works or not but probably not a priority given what's happening in the world.

I believe if you are comfortable with the above you should jump in. I'm a contrarian indicator and I'm real pissed at pot stocks right now.

[Yodean]

I'd read up on why Marijuana stocks have under performed (over supply and federal banking laws I believe) before investing. I think if the Feds legalize banking they will pop up suddenly.

Well, as you prolly know by now, I am a big fan of conspiracy theories that tend to be true, or proven true sometime in the future, when the Herd no longer cares about that particular issue - kind of the story of my life, in a way. But I digress ...

You gave some level 3, plausible reasons, why pot got shot. The latest "conspiracy theory," which kind of checks out if you dig a bit, is that the Big Boys hadn't really placed their bets in the emergent marijuana industry, so wanted to smash down the entire sector first, including all the small cannabis companies, so they could get in on the action cheap.

Pot's gonna get hot again, later this year or next. I've been holding a core position in HMMJ.TO (kind of a Canadian version of MJ) for years. No point in selling now - you'll be selling at the bottom, or close enough.