SO…. WHY ARE MARIJUANA STOCKS DIVING….INSTEAD OF CLIMBING???

By semcgrath, April 17, 2017

SO I’VE BOUGHT INTO THE FACT THAT POT STOCKS WOULD BE GREAT…. ONLY TO SEE MY ACCOUNT VALUE DOWN BY 30%.

SOMEONE PLEASE ENLIGHTEN ME???

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

2
Share your thoughts...

avatar
2 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
Travis Johnson, Stock Gumshoecbfrank Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

cbfrank
Member
👍1
cbfrank

According to an article in Marijuana Business Magazine , March 2017 : Marijuana Stock Gains in 2016 were 400%. They used 12 stocks in the chart : AMMJ, AXIM, CANN, CBDS, CNAB, CVIS, KSHB, MSRT, SRNA, TRTC, VAPE, XXII.

Add a Topic
4091
Add a Topic
4091
Add a Topic
4091
Travis Johnson, Stock Gumshoe
Admin
👍12311

I’ve never bought into them because the ones I’ve looked at don’t have real financials that support their valuation — most pot stocks, if not all, trade purely on sentiment and expectations. That might work out for a few of the best ones in the end, we still don’t really know what the marijuana marketplace will look like and it’s clearly risky, but most of them probably won’t be around in five years. As long as these stocks are trading almost purely on sentiment, they’ll be subject to big swings whenever sentiment shifts even a little bit. That’s the underlying… Read more »

Add a Topic
6043
Add a Topic
4091