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Strategies & Market Trends : Underexposed Canadian Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Underexposed who wrote (15)1/4/2018 4:54:55 PM
From: Underexposed  Respond to of 65
 
Well it looks like all marijuana companies in Canada had pull backs today.

TSX market news

That link did not say why the pullback happened but it is comforting that it was a product wide event rather than specifically an Aphria inc. problem



As you can see we lost a fair bit of profit on this pullback. However, I think it was a profit taking action...nothing more. There is no negative news about the situation with making the product legal. Also the share price has had an insane rise of late... short term traders were nervous I suppose.

I am taking no action at this time... if it drops further I may consider adding to my position... I doubt very much that this stock will severely decline when the outlook for this industry looks so promising.

I am not a user of cannabis .... I would welcome comments and discussion on this stock and its potential.

UE