"Pot Stock Millionaires?"

Scataphagos

Scataphagos

Lots of hype about "pot stocks to the moon... minting $millionares along the way... don't miss out". Might be true for a few insiders (who got shares at $.01 or less), but not for the general public. Take a look at ETF, "MJ". That will give you a read on the current state of pot stocks in general.

Personally, I've got pot stocks on my radar for the next big market crash. (People just love to intoxicate themselves...) I plan to make a big play on them, but only after they've been smashed back to pennies per share.

Recommend patience... let the market come to you.

Suggest caution if FOMO is causing you to want to pay up and chase now.

FWIW...
 
Scataphagos said:
Lots of hype about "pot stocks to the moon... minting $millionares along the way... don't miss out". Might be true for a few insiders (who got shares at $.01 or less), but not for the general public. Take a look at ETF, "MJ". That will give you a read on the current state of pot stocks in general.

Personally, I've got pot stocks on my radar for the next big market crash. (People just love to intoxicate themselves...) I plan to make a big play on them, but only after they've been smashed back to pennies per share.

Recommend patience... let the market come to you.

Suggest caution if FOMO is causing you to want to pay up and chase now.

FWIW...
More...

Bought a little (and I mean a little) MJ during its first big correction, just a little bit under the current price. That's all I'm doing. Trying to figure out which individual stocks might do well is mostly a crap shoot that's not worth my time.

Buying during a crash may give you a good entry price, but don't bet on pot stocks rallying if everything else is plummeting. They're still correlated somewhat with the general market.
 
MKTrader said:
Bought a little (and I mean a little) MJ during its first big correction, just a little bit under the current price. That's all I'm doing. Trying to figure out which individual stocks might do well is mostly a crap shoot that's not worth my time.

Buying during a crash may give you a good entry price, but don't bet on pot stocks rallying if everything else is plummeting. They're still correlated somewhat with the general market.
More...

Wasn't thinking pot stocks would go up while everything else tanked. They always throw the baby out with the bath water. Buying MJ stocks at penny stock prices will like owning cheap options with no expiration date.
 
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