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- Jul 20, 2015
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Damn; well said, sir!New investors would fall squarely into the category of dumb money at this point.
Most of the pot stocks went down yesterday as result of legalization. Probably because it turned from a bitcoin like speculation into a real venture in one day.
Generally speaking, if random people are talking about the potential of something... the opportunity is usually over.
I bet nursing homes are a bubble along those lines.
In terms of the stocks you already missed the boat. They already made their move for now because people buy the rumor and then subsequently sell the news, in this case the news date of the legalization was Oct 17. The stocks ran up a ton prior to the news as traders speculated. This is what happens and then the suckers come in to buy the stocks on the actually news date and they get burned.Just curious what Fastlaner's thought are on weed legalization in Canada; how are you cashing in on this boom?
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