Just Politics

[BidnessMan]

The problem with the MJ industry is the Federal Government. There is not one competent individual in that Trump mess. Every low level civil servant who was competent at their past levels under Obama and prior were all promoted past their level of competence because of all the forced out folks and the lack of candidates wanting to work in Trump world.

My account lets me short if I choose and I know shorts exist because I have been on on the big board shorting occasionally for years but it's way to risky to do it in the penny stocks. I know folks who do. The number one rule for shorts is to be invisible. On the penny stocks they are often the principle posters who always disappear just before the drop. I track them as they move from stock to stock and that pays off big time.

It's fun to buy a stock they are pumping and then do a staggered sell off prior to their intended sell off. Really screws up their day.

I don't like shorting but when companies like Sears are brought by sharks like Eddie Lampert it's time to not be an investor and to short the stock or lose your shorts.

Legalization at the federal level is needed before anything good happens in the industry. I doubt it will happen before the 2020 election so I trade the MJ stocks and will never invest in them until they are legal and regulated and monitored.

As for the downward slide, you do know the market never goes down in a straight line? The occasional pops from news or events is where it's a trade and since there is no major news to hold the high ground it will always be a buy in the mid .3's until something changes. You trade enough shares and you can make a decent check on a nickle move. It's almost at that point today.