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Re: DD2016 post# 161

Saturday, 02/04/2017 12:35:25 PM

Saturday, February 04, 2017 12:35:25 PM

Post# of 1702
I agree with everything you say here DD, that's what made me make my investment in this company, but as I have found out from my own experience - very low float stocks can work against you also. Right now we are faced with many marijuana stocks that have made huge runs. Lifeloc stock has nearly tripled in a few months. Not bad. Unfortunately, we are about to be faced with a head wind of opposition. Donald Trumps Attorney General pick is opposed to marijuana in general. His actual words were "good people don't smoke marijuana," and when faced with the senate nomination process, he also stated that one of President Obama's great failures was being lax on marijuana. Now, I do believe something like this could have a negative impact on all of the cannabis related stock prices. I also believe it will be a temporary drop. The problem here lies in the "low float" nature of this stock. A few weeks ago we saw someone wanted to sell a fairly sized position, and the stock price dropped over 50% in minutes. So, just know what you are buying into before you pull the trigger. And know that you may have to hold shares for a long period due to lack of volume. This company has an advantage over most cannabis companies because they have revenue. Cannabix has a similar market cap- and they have zero revenue. Best of luck to everyone !
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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