Your arguments would only sway me if the larger markets were full of marijuana companies. How will a "legit" company get listed on Nasdaq within the first quarter of legalization? Its possible but the only companies that have already established themselves the ones that have been doing this in the Medical field for years.
There is no thereretical gain for me. I sold some of my shares of SPLI@ 1800% and CBGI around the same. With that extra few grand I purchased more companies. Selling and buying back is a day trader tactic, which I know is very successful if you know what you are doing. I'm really not interested in picking just one or two big performers, especially since there may be a limited time grab some of these companies.
I respect your skill, as a trader or investor, but my opinion is to look at the the whole marijuana and hemp sector and grab everything while it's cheaply available. You can still do what you are doing with your big trades. But at some point, it may be wort it to take some of your large gains and just blindly spread it around the sector. I did it with around 3 grand. My positions are held, and now I can buy into the better performers. Every week has had at least one breakout of 1000%, and since I don't have much extra cash to invest, this is what allows my portfolio to keep growing.
I looked at the penny market, Its history of scams and that is the main reason why I'm asking you to think outside your box. Take a look at the history of the marijuana and hemp market. Look at hemps industrial uses alone.
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