First post. Looking for advice and thoughts on the Canadian cannabis stocks. What are the best bets for Q1 and Q2? Seems some stocks are priced very high (WEED.TO; ACB.TO), not looking to invest in any penny stocks. Thank you!
You missed the opportunity here. Go back to your day job and don't be one of the many casual-investing schmucks who are going to lose their shirt.
While i do believe there will be a significant correction in the big pot stocks, the rally may continue in anticipation of legalization in Canada, and more states in the US. Doesnt appear as tho recreational pot will be legal federally in the US under this administration , but that wont stop folks from using it , as it appears quite easy to get medicinal pot . Probably easier in some states than others. I invested lately in VRT.c, ( med pot stock) and altho it has pulled back of late, i like the areas they are concentrating on. Read the VRT thread for more info.
Well we are in the midst of the correction i thought was on its way. These big pot plays were overbought, but most have had huge runs over doubling during the couple of months before the NEw Year. A correction like this was bound to materialize.
Well if volatility is what you are looking for, for trading,,, then these pot stocks have that in spades. Nice bounce back for many of the big names. APH dropped as low 16.50 right around the open, then bounced to 21.70 at the close. 25 % gains + for those who bought in near the low of the day.
