Waiting on Whales
There's a lot of news about mergers within the industry;
ERBB partnering with SPLI to use each other's brands and hardware to sell their goods, SKTO and AEGY merging.
And then there's the ArcView group, High Times group and a few others groups pledging $100m investments across the sector.
When news hits about JP or GS or ML taking up positions this is going to gets nuts. NUTS! Gonna happen. Is already happening in dark pools. I had a good conversation about this with a friend who I used to work with a Merrill Lynch. He is now a private money manager at another institution in NYC and mentioned his firm has been discussing the substantial client interest in MJ stocks. In 25 years of working in Wall Street he said they have never seen such activity in penny stocks on behalf of high net worth private investors. The firm has basically decided they need to meet their client's needs and are in the developmental stages of coverage.
The people have spoken
with their money not just their tokin'.
Jimmy the Crook Cramer is already getting ready to start picking pockets. And now it sounds like investment firms are getting in on the action. Get these stocks on the Nasdaq. Let's get some derivatives going. Once we dip into those pools, we'll be swimming with whales.
"Emancipate youself from mental slavery, none but ourselves can free our mind"
-Bob Marley