Many US Marijuana Stocks UP Today but tremendous volatility is expected approaching the beginning of next year which I think will be the biggest catalyst
of Marijuana history of all time. Please feel free to respond and share your views for the upcoming January 1st, 2018 event in California. I think it is still anyone's game because this January will be the first of any major marijuana market open for recreational purpose. And the marker is huge. This legalization will open many other sectors and many other States will fill up the gaps of the industry that California
will not be to provide. It seems to it will be rapid recreational expansion for other States. I will see many more States will join the club during the mid-term election. But the biggest market of all is California. The biggest markets seems to be Colorado and Nevada. During 2014, when Colorado legalize recreational marijuana in January I believe, it opened a huge opportunity for both public and private companies. There will be niche market place at where many small public and private companies can do very well. Big Companies started to get into this industry slowly. Eventually, many small companies will be bought by big companies. It is not easy to find who is going to do very well but one but one thing I can believe is to diversify the portfolio. I think we are almost at the end of the beginning of green rush. How the stocks will perform is really a tricky question due to the upcoming tax loss session by the end of the year.
As I expected there will be rapid ups and downs. Many stocks did not sustain the ups and eventually failed to maintain the up trend. May be many are not done with their consolidation but it is hard to tell. Still I think frequent entry and exit will be good at least for the time being.
Here is one interesting STAT
It will be hard to ignore the green rush by anyone unless the person is not sync with the reality. This is a historical milestone for Marijuana industry. I have seen the major boom in dotcom, nano, lithium, bitcoin, drone, 3d. After the boom market settles down and the winners comes out for long run. 1st quarter earning of next quarter, market demand for the products and services will be key analysis tool to valuate the companies going forward. The market will keep continue expanding. That is why this boom will be the longest one I believe. It will be a tight competition for each sector of this whole industry. That is why companies that are focusing on unique products and services along with the niche market will do really good.
I think once recreational marijuana go to main stream, it will be easy entry for medical marijuana and hemp. Hemp companies are already doing business in the legal marijuana space. Technically, we are already in the green rush because some regulations have been approved for California this month which will be effective January 1st, 2018.
I am overwhelmed by so many MJ stocks. Most of the stocks are from OTC because they cannot be listed on major indexes due to many reasons. But I am expecting many of these OTC stocks will be on major indexes one day. Unless the floodgate is open, it is hard to tell who will survive fighting the competition. I like the companies that are not touching marijuana directly because they will have less burden to deal with. It is also hard to tell the justification of all the MJ stock prices but if it is low enough I can give a try. I am reluctant to stocks that are over 1 dollar. I am willing to spend few buck on some of these stocks after due diligent because this is a historic event
we are approaching. But I also do not rule out stocks that are over dollar. I guess it depends on the developments of those companies.
I am looking into some of the stocks available on the market. FOr example,
, EVIO, MSRT
, PZOO, MJTK, MYDX
, SING, NMUS
are few of many. They seems to be cheap to me but again it is hard to tell the bottom. I tends to like these companies because they have some products or services that can take advantage of coming California green rush. When I think long term, I can somehow guess they may do well well going forward because the market will keep expanding and each of these companies has been in the business for a while. I like rapid
entry and exit at this point and long term once I see steady and healthy upward. Here are the weekly chart of each one of these.
TOUCHING THE PLANT
Cultivation & Retail
Investing & Finance
Tech & Media
Here is a really good source oi information that I found from thsi website. They publish many pages of magazine each month and discuss about each company mentioned in the magazine. They also post list of stocks for long term and short term each month. I found lots of information of companies from this site and they are most current. If you like you can check it by clicking the below link:
Insert-tag-hereI think finding the right company to invest is a big opportunity going forward.
Feel free to have discussion and share your views.