This is an excellent post
Last week along with VATE, the vast majority of MJ stocks broke through support levels due to the MJ sector downturn, which caused panic selling throughout the sector
Many believe the MJ sector downturn will be over soon and will be followed by a sector reversal, and that last week showed signs of capitulation (a high volume selloff that marks the bottoming process)
While stocks customarily take a deep dip due to panic selling, if those shares are purchased by smart money, a stock can begin its ascent again
The big bidders were back in force on Friday and were hitting the ask more frequently than we have seen in the past few weeks
It has now been one month since 1/4/18 and there has been zero crackdown
Regardless of the short-term selloff in US MJ stocks, the fact remains that there has been and is unlikely to be any federal crackdown on states by the Feds -- and if there is any type of interference, it will be far from a crackdown -- a token shutdown of a few dispensaries would be nothing but symbolic...
People are going to look back on the MJ stocks in the United States during Jan/Feb 2018 and realize that it was the opportunity of a lifetime to make tons of money over the next 3 months, 6 months, 12 months and 24 months
2018 is a very special year
This is no one-catalyst mania, like we've seen in 2014 and 2016
Read the thesis
VATE will ascend in February
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