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Started by Orphan, September 18, 2018, 08:28:43 AM
Quote from: Young And The Invested on September 18, 2018, 10:58:09 AMSeeing how far they're jumping without and tie back to fundamentals, these look like the next speculation mania after cryptocurrencies have come out of vogue. To anyone "investing", be careful. Make sure you read everything online and not just those items which justify your view. Confirmation bias, among other cognitive biases, is the currency of speculation.That being said, I'm exposed to the MJ market through owning SHOP shares. I didn't purchase the stock a while back because of MJ but thee company's exclusive deals with all the Canadian provinces could be a huge tailwind as legalization nears in mid-October. Will be interesting to see how it all develops.
Quote from: Bonsai on September 20, 2018, 09:08:55 AMThe only stock with a MJ connection I would consider investing in (do your due diligence) is Constellation Brands (STZ), a $40 billion market cap spirits marketer that is buying into the MJ industry. I just started options trading the others I know about (e.g., CGC, TLRY) with small position so I won't know if my bets paid off until the option expiration date. I feel the long term future for the industry is promising.
Quote from: Young And The Invested on September 18, 2018, 10:58:09 AMSeeing how far they're jumping without any tie back to fundamentals, these look like the next speculation mania after cryptocurrencies have fallen out of vogue.