Three Things You Need to Know About Marijuana Stocks
It’s been a wild ride for marijuana stocks in the past month or so, from legalization in several states to the great weed boom and bust cycle we’re witnessing in the stock market. Now is the time to keep sharp on marijuana stocks.
With that in mind, we’ve compiled a list of three different factors that any self-respecting marijuana stock investor should want to keep in mind.
Know Marijuana Stock’s Value
You’e heard it before (even from us), but it bears repeating: Be careful about the hype.
As James West of Midas Letter states, “Whenever any single market segment goes up consistently over days on increasing average daily volumes, the only question is when, not if, a hard reversal is on the horizon.” (Source: “Profit taking brings high-flying Canadian marijuana stocks back to earth,” Financial Post, November 21, 2016.)
That’s what we’ve seen in the market with Canopy Growth Corp (CVE:CGC, TSE:CGC), down 21% today,...
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