This year has been quite a doozie for marijuana stocks. 2020 started out looking like it would be a promising time for the cannabis market, but then the coronavirus quickly took its toll. Now, we are in the midst of a pandemic, and we continue to see trading with cannabis stocks done off of fear. This fear-based trading is the main reason behind the large volatility that we have seen in the cannabis market for most of 2020. Although we may not know how mong this market action will last it seems as though the long term for pot stocks remains highly anticipatory.
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Furthermore, expectations have shifted slightly, the expectations for the next ten years of marijuana stocks remain quite high. These high expectations are driving a large amount of the current trading in addition to federal cannabis legislation and new markets being born. Because of this, there are definitely some interesting marijuana stocks to watch in the current day. These companies may not be the most popular, but popularity is in no way a good judge of value.
Often times we see traders trading off of speculation rather than on the value of a given company. And while this can be a good strategy, it is very important to take into consideration a companies financials. With financials in hand, investors can make a better decision as to which cannabis stocks are cannabis stocks to buy.
Pot Stock Watch…
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This year has been quite a doozie for marijuana stocks. 2020 started out looking like it would be a promising time for the cannabis market, but then the coronavirus quickly took its toll. Now, we are in the midst of a pandemic, and we continue to see trading with cannabis stocks done off of fear. This fear-based trading is the main reason behind the large volatility that we have seen in the cannabis market for most of 2020. Although we may not know how mong this market action will last it seems as though the long term for pot stocks remains highly anticipatory.
[Read More]
Furthermore, expectations have shifted slightly, the expectations for the next ten years of marijuana stocks remain quite high. These high expectations are driving a large amount of the current trading in addition to federal cannabis legislation and new markets being born. Because of this, there are definitely some interesting marijuana stocks to watch in the current day. These companies may not be the most popular, but popularity is in no way a good judge of value.
Often times we see traders trading off of speculation rather than on the value of a given company. And while this can be a good strategy, it is very important to take into consideration a companies financials. With financials in hand, investors can make a better decision as to which cannabis stocks are cannabis stocks to buy.
Pot Stock Watch…
