I bought shares today...but I didn't go heavy. 5,000 is all I think I want right now. I will probably buy more down the road.
As far as why the market is missing this opportunity...it's probably just that so many flock to the high percent movers. I looked at this last Tuesday (the 6th). The mj stocks had been getting pummeled for several days prior. Then on Tuesday I watched which ones took off on a good day.
Gain
Aurora 25.10 %
Emerald 23.04 %
Canopy 18.78 %
Aphria 17.38 %
MYM 13.76 %
Wheaton 5.00 %
I also looked at which stocks...as of today...would gain the highest percent if they returned to their high from the last year.
MYM 92.31%
Wheaton 91.49%
Canopy 60.54%
Aphria 54.99%
Emerald 48.28%
Aurora 36.82%
It's too hard to know which day to buy prior to a recovery...but it's pretty simple to see which ones have the most run left as of today if they were to return to their highs. Maybe they will...maybe not???
As for myself...when I saw the following I figured that Wheaton could get bought out yet this year if the sp didn't go crazy.....I mean who wouldn't want that yield? Look at the price paid for Cannimed.
4 Marijuana Stocks That Should Yield at Least 100,000 Kilograms of Cannabis Annually by 2019
Aurora Cannabis: Around 130,000 kg
Canopy Growth Corp.: Close to 200,000 kg
Aphria: Around 220,000 kgs
Cannabis Wheaton: Around 230,000 kg
So I am looking at this from not only a sp increase from todays price...but also a buy out candidate. Maybe I'm looking at this all wrong. If I am, I'm sure you could point out the flaw in my thinking.