InvestorsHub Logo
Followers 9
Posts 924
Boards Moderated 0
Alias Born 09/23/2016

Re: sleekscape post# 15165

Wednesday, 01/17/2018 11:28:05 PM

Wednesday, January 17, 2018 11:28:05 PM

Post# of 30145
I agree with every word of this, but it seems that the money that was otherwise flowing into the sector is still scared of its own shadow. Boom was in full swing, I was up big time, then Sessions opened his mouth and we haven't been back to running since. Some in my portfolio are only marginally higher than pre-December prices at this point.

Even though MJ doesn't need McClintock-Polis, and we all know this, it seems that a lot of investors believe that it does. MJ is too big and the feds don't have the resources anymore to stop it, but investors apparently believe that the feds CAN do this.

Of course this could just be a ploy by the MMs to vacuum up cheaper shares or something, but at a certain point there's only so many shares that CAN be vacuumed up, and there's only so much money to be made by keeping the prices down.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.