What happens AFTER Farm Bill (FB) is signed??
The following are just my own opinions.
I expect "traders" in hemp stocks will have a glorious day the day of the FB signing and also likely the day after. The real test for mid- to long-term holders will be what happens to hemp stocks in the days and weeks AFTER hemp legalization.
First off, no matter how high your hemp stock jumps, there almost certainly, will be a pull back after a peak is reached. My general guideline for pullbacks is 50%. If your hemp stock pulls back 50% or less of its gains, then you likely have a winner. If your stock gives back most or all of its gains, then you probably need to look around for another hemp stock. Of course some stocks may even fall BELOW their pre-FB price.
So if you are NOT a trader, pay close attention to what happens after the FB is signed. It could make a big difference in your long-term success.
As for me, I will be paying very close attention to how CROP/CRXPF stock price behaves in the aftermath of a big jump in their stock price.
Good luck to everyone. A lot of important decisions are going to need to be made over the next few days!
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