There is no other way of describing the legalization of marijuana use in Canada. This marijuana mania is no different than what the bitcoin mania was a few years ago. They laughed at me we I mentioned that TGOD could fall below $5, well how does $3.00 work for? I actually shorted this stock several times and made a little money doing it, but I still would not touch any of these stocks, as TGOD could disappear as many of these producers would have to merge. Size matters as I think the US-based companies are already taking over and could gobble up any other grower.
I’m sure you have heard about the great marijuana shortage up here and some shops selling out. Well, any shortage can be fixed in a month, just for every pot smoker in Canada, quit for a whole month. How long do you you think it would take them to fill all the shelves to the rafters! Marijuana is a consumer good, so it’s subject to the whims of the age group.
I’m kidding about this, as we all know that there wouldn’t be any takers in Canada!
I put up TGOD as just another inverted zigzag with an “X” wave. We could get another zigzag bull market at a later date. I do not spend any time on the fundamentals of most companies, and doing your own research is critical. I have no time and no interest in spending weeks trying to justify any fundamental homework! Even the Warrant that goes with TGOD retraced its entire bullish cycle.