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Re: Timetravelerdos post# 92269

Tuesday, 07/02/2019 9:34:26 PM

Tuesday, July 02, 2019 9:34:26 PM

Post# of 121384
Very true, great analysis. And after that nose dive, the whole sector rode the wave of hysteria leading up to Canada's full legalization in October 2018. Remember when Tilray hit $300 in September? No doubt some traders made big money on MJ stocks last summer and early fall. Then the whole sector got pulled down by the broader market in the last three months of the year ... only to rebound nicely in Q1 2019, and then come back to earth in recent weeks. It's been quite a ride!

You are right -- there are some powerful catalysts on the horizon. Hopefully what you mentioned will come to fruition. And full legalization is inevitable; at the very least, we'll continue to see more states legalize it every year, through ballot initiatives or the legislatures. And I suspect MJ could become a hot topic on the campaign trail in the run-up to the election next year. It'll probably be a roller coaster ride. Like you said, buy the dips. :)
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