I agree. Very rare penny stocks make it worth a long term investment. But, Netflix was a penny stock..
From what I see, many penny stock investors don't have the patience to wait years... there's a fair amount of flippers out there for beer money or to put gas into the boat for the weekends.
This MJ sector is very unique and it will be interest to see which companies survive in the next year or two. In my opinion, I see mergers and acquisitions for the stronger organizations. I have a few that I'm long on against my better judgement . Not a big beer drinker and I don't own a boat.. LOL
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