When is it time to short pot stocks?
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MindOverMatter : fuck everyone made money on calls
MindOverMatter : Would have been nice if you gave the ppl a heads up the cannabis sector was about to take off.
SpyderCallOP MindOverMatter: Right. The past few weeks have been great for some pot stocks. But they have rallied big time before. And it was always followed by a selloff. I am just looking at the long-term trend.
But who knows, this could be the bottom in pot stocks potentially. There is no way to tell for sure.
71735916 : signs were everywhere, it isn't coming down anytime soon even without the US jumping on board as quick as EU
SpyderCallOP MindOverMatter: It flew past my radar. I missed this one.
MindOverMatter SpyderCallOP: it happens best of luck!
MindOverMatter SpyderCallOP: Where do you have support and resistance at
SpyderCallOP 71735916: The more legal weed becomes then the less Markey share these companies will have if they aren't buying up other weed companies.
This stuff is so easy to grow. And the real pothead will grow it themselves. And it only takes one plant a few short months to produce enough weed to last an individual a year or two. And that is a heavy smoker. Someone who smokes only a few times a week will have enough weed from one plant to last them several years.
Weeds shelf life is a very, very long time. Once it is dried and cured properly, it can last decades if stored properly as well.
I find it hard to believe that weed companies will reach their all-time highs. The pharmaceutical cannabis stocks might be a different story, though.
SpyderCallOP MindOverMatter: Let me map out the charts really quick. It has been a while since I updated my charts for weed stocks. Gimme a few seconds...
71735916 : I agree that consumers can grow their own, and the yield is pretty great. However, I disagree with your opinion on how long the yield actually lasts. In no world does a moderate smoker go years without having to grow or buy more. Especially a heavy smoker. Not to mention, as the product ages, so does the quality of the flower itself.
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