You are correct, a 5-10% pop on a risky stock is not a good deal. However, I have traded this stock several times in the last year and never at less than about 20%, often much more. As long as there is no definitive set of Fed regs attached to this industry regarding growing, distribution, financing, etc, this sideway tap dance will go on, some big spurts, some little spurts. Determine a range and deal within it. MJ is not going away, it's just waiting for some direction. Charts are not relevant here, this is Walmart, not a specialty shop.
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