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Alias Born | 08/29/2007 |
Tuesday, December 01, 2020 6:34:09 PM
For what it is worth, the most successful pubic stock marijuana company, as measured in percentage terms, from the lowest price to the highest price, is One World Cannabis (OWCP).
In early October 2016 the market for the stock priced the shares at 0.003. That is three tenths penny of a share. In early February 2017, the retail particpants priced a share at 3.23. That is an increase of roughly 120,000 percent.
For the sake of the math, a 1000 percent appreciation in Sun Dial, using 70 cents the price, would move it to 7 American dollars a share.
Is it possible. To tell you the truth, I haven't a clue.
What I have learned, going back 5 decades, is the stock market is capable of making fools of all of us.
In the case of One World Canabis, the market for that stock discoverd the greatest fool, in other words, that retail particpant who paid 3.23 for a share.
But the greatest fool concept can work the other way. The retail participant who sold and never bothered to check, wakes up one day and realizes he or she could have made 10,000, 20,000, 50,000 percent.
I am writing a book, American Cars of 1958. Check often for the latest addition. https://investorshub.advfn.com/American-Cars-of-1958-37252/
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