Posted On: 05/01/2014 5:31:12 PM
Post# of 768
Re: AmericanSavage #13
Tapering risk to a suitable comfort zone. It was during the dotcom craze that I learned that lesson. The mmj craze had the earmarks of dotcom which formed a pattern of recognition.
As with dotcom, there were many charlatans to contend with. Regulators were less likely to suspend as now with mmj.
Of course, dotcom companies dealt with products or services legal in all 50 states and most of the world. MMJ companies don't, so it stands to reason the sector would attract the dregs although it has appeal for talented and visionary people. However, convincing solid creditable seasoned managers, the type you'd want to run a business, to come aboard a sector federally banned is not the easiest sell. That's one reason we see managerial lowlives at a lot of these tickers. More chaff than wheat available in the management pool.
Are you looking into short term trades or promising medium or longer term investments?
As with dotcom, there were many charlatans to contend with. Regulators were less likely to suspend as now with mmj.
Of course, dotcom companies dealt with products or services legal in all 50 states and most of the world. MMJ companies don't, so it stands to reason the sector would attract the dregs although it has appeal for talented and visionary people. However, convincing solid creditable seasoned managers, the type you'd want to run a business, to come aboard a sector federally banned is not the easiest sell. That's one reason we see managerial lowlives at a lot of these tickers. More chaff than wheat available in the management pool.
Are you looking into short term trades or promising medium or longer term investments?
(0)
(0)Scroll down for more posts ▼
