A Pot Stock Most People Likely Haven't Considered
There is no other way to put it: pot stocks are in a bear market. If an investor loaded up on marijuana companies in the last few months, chances are they are deep in the red.
The blunt reality is, market participants are trying to de-risk their portfolios. Since pot stocks have been some of the most volatile tickers, they get sold off first. In the last three months, the North American Marijuana Index plunged from $273.62 to $178.79, marking a staggering drop of over 34%. (Source: "Marijuana Index," The Marijuana Index, last accessed August 28, 2019.)
One of the beaten-down.
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There is no other way to put it: pot stocks are in a bear market. If an investor loaded up on marijuana companies in the last few months, chances are they are deep in the red.
The blunt reality is, market participants are trying to de-risk their portfolios. Since pot stocks have been some of the most volatile tickers, they get sold off first. In the last three months, the North American Marijuana Index plunged from $273.62 to $178.79, marking a staggering drop of over 34%. (Source: "Marijuana Index," The Marijuana Index, last accessed August 28, 2019.)
One of the beaten-down.
Den vollständigen Artikel lesen ...