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Re: Dodger1 post# 5319

Thursday, 05/16/2019 2:06:38 PM

Thursday, May 16, 2019 2:06:38 PM

Post# of 7743
Hey Dodger1, what I see is what I posted earlier sometime back. The Industry geared up before legalization, it pumped the market up filled everyone's head with how much they could make in a short period of time, then it slipped as legalization was deferred to a later date, ( July to Oct.) This was the first indication of over valuation of company's. Then after legalization it dropped more ( as days went on after the initial pop for some) This sector has been overvalued for a while, it is now starting to show direction now but still has a ways to go. After the end qtr 2018 look what happened to the valuation of most company's now 1st qtr financial's. It will take a few more for this to turn around and show true value, however it could be a good time to invest if you don't have any need for instant gratification, long term only. Some if you want are good for day trading at the moment. (while you wait for it to go) some are to be avoided. Doing as you are...DD and setting goals is now the way to go, but most I see is sell the news events. vff is doing well but they are also up and down. Look at a couple of the big ones Tlry and follow what happened to it's sp. Same can be applied to all these MJ stocks. More time needed to get the market in place. (find it's niche and its footing)

don't know if this helped but Not much else can be said.