InvestorsHub Logo

DropLine

03/20/20 1:51 PM

#1202 RE: floored #1201

Regardless of how deep this market plunge is... the probability of seeing $MJ sitting @ $4.00 is extremely slim (never say never)... you're numbers are completely random not to mention you haven't been paying close attention to the space my friend...

Weed stocks have been in a bear market for the past year (evident)... surplus & supply is drying up (corona)... we are beginning to bifurcate from the broader market (sales & revenue)... max pain already occurred (bottom)... cannabis is not only recreation it is also biological & medicinal (diversification)... many variables at play that put a bottom in at or around this level (= buy as much as you can)...

If Depression occurs... all bets off... mark this post...


Marijuana sales surge amid coronavirus outbreak

https://thehill.com/policy/healthcare/488588-marijuana-sales-surge-amid-coronavirus-outbreak

Long 420...


DropLine

03/20/20 1:59 PM

#1203 RE: floored #1201

Clear out the glut!

LA’s cannabis dispensaries deemed ‘essential’ under emergency coronavirus order

https://nypost.com/2020/03/20/las-cannabis-dispensaries-deemed-essential-under-emergency-coronavirus-order/


'It's about being well': Cannabis shops thrive as 'essential businesses' in coronavirus pandemic

Legal marijuana sales spiked 159% in California in a single day.

https://abcnews.go.com/Health/cannabis-shops-thrive-essential-businesses-coronavirus-pandemic/story?id=69662619

$MJ

JohnCM

03/21/20 11:42 AM

#1207 RE: floored #1201

If MJ reached $5.00 all Cannabis stocks would be $0.10 to $0.25