As marijuana stocks continue to fight to see reach better market levels some have sustained a decent position. May has shown its self to be a volatile month so far. At the start of the month, marijuana stocks didn’t exactly start with a boost in trading. Yet part of the second week small upticks started to occur before dropping once more. However, even with this up and down trading in May, some feel it’s a fair amount of action that has happened. Especially over the last several months as the market has been facing a big downward push in trading.
Currently from the close on Friday of last week, some marijuana stocks have once again started to rise in trading. Some of this recent momentum can be partly attributed to cannabis companies releasing positive earnings. At times when a cannabis company announces positive financial results, it can resonate well amongst other cannabis stocks. Now even with a long downtrend period, there were some pros to the cannabis sector dropping. For one being able to invest in the top marijuana stocks at a cheaper price is a start.
Next, it gave others a chance to short certain companies. But the some feel the real value will come from buying low and waiting to sell high. Right now many investors are remaining cautious due to the uncertainty of the sector. Unfortunately, it’s been a while since the sector has been able to sustain a decent upward push without falling below a…
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As marijuana stocks continue to fight to see reach better market levels some have sustained a decent position. May has shown its self to be a volatile month so far. At the start of the month, marijuana stocks didn’t exactly start with a boost in trading. Yet part of the second week small upticks started to occur before dropping once more. However, even with this up and down trading in May, some feel it’s a fair amount of action that has happened. Especially over the last several months as the market has been facing a big downward push in trading.
Currently from the close on Friday of last week, some marijuana stocks have once again started to rise in trading. Some of this recent momentum can be partly attributed to cannabis companies releasing positive earnings. At times when a cannabis company announces positive financial results, it can resonate well amongst other cannabis stocks. Now even with a long downtrend period, there were some pros to the cannabis sector dropping. For one being able to invest in the top marijuana stocks at a cheaper price is a start.
Next, it gave others a chance to short certain companies. But the some feel the real value will come from buying low and waiting to sell high. Right now many investors are remaining cautious due to the uncertainty of the sector. Unfortunately, it’s been a while since the sector has been able to sustain a decent upward push without falling below a…
