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Re: jandrew76 post# 3959

Wednesday, 11/29/2017 11:25:03 AM

Wednesday, November 29, 2017 11:25:03 AM

Post# of 70356
Exactly. The way I view it there are still many months ahead with many major catalysts for the mj sector. Nothing can run indefinitely to insane prices based on fundamentals alone. Some tickers boom thousands of percent in one day from huge positive news like acquisition. That’s not the case with the Canadian MJ LP’s. They are nascent entities in a budding and potentially gargantuan industry. They have the most market share for marijuana production right now in the world and they are growing organically at a sustainable rate. While the runs have been huge one must understand it’s because these are extremely thin markets with low volume and as institutional money migrated here we’ll see more runs like the ones we just had. That being said nothing will just run run and run to hundreds of percents in one week because of organic growth in a burgeoning yet tenuous industry. What is happening here is healthy and natural, profits are being taken after long runs and shares are being accumulated by long term investors or new traders to the ticker. Bases are being built. Fundamentals are getting stronger. Let’s ride this ride and get off when we’re ready.
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