14 14 correctly predicted forecasts
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The Marijuana ETF is 12% Off Its Highs. Buy the Dip?

We knew that marijuana stocks would be volatile and they didn't disappoint this week. The daily moves as measured by the Marijuana ETF...

    • Monday: +5.4%
    • Tuesday: -1.4%
    • Wednesday: -0.8%
    • Thursday: -5.0%
    • Friday: -6.1%

The new fund is currently about 12% off of its highs set earlier this week. The volatility will no doubt remain as the industry deals with a number of legal questions and concerns. Do you think this is a "buy the dip" opportunity in this group, or do you think more downside remains.

Agree: Buy the dip.

Disagree: Stay away.

  • Corey S.
    BUY when Jeff Sessions folds 🤣🤣🤣
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  • 2 2 correctly predicted forecasts
    joe
    Extended from the first two days of the year, still plenty of downside.
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  • 1 1 correctly predicted forecast
    Ahimsa Sumchai
    Based on the explosive demand for products and the 30% price hike by dispensary, collective and growers this is likely a response to federal attempts to criminalize use.
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  • Investorsspot
    I will be extremely careful with this one.....
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  • 17 17 correctly predicted forecasts
    Rich V
    BUY BUY BUY>
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  • 14 14 correctly predicted forecasts
    David Dierking
    I tend to be more in the "buy the dip" camp. I think what's going on now is only temporary and won't be a long term road block.
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  • 1 1 correctly predicted forecast
    Ahimsa Sumchai
    David Dierking, It sounds like you are a risk taker. In my heart I believe the alternative agro ETF will ultimately BOOM...but in this present political climate conservative investors will likely hold back.
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  • Jimmy hartman
    I bought 20,000 shares and I’m glad I did.
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  • 14 14 correctly predicted forecasts
    David Dierking
    Jimmy hartman, That's quite a bet!
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  • 289 289 correctly predicted forecasts
    Max Grigoryev
    Jimmy hartman, still holding?
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  • 17 17 correctly predicted forecasts
    Rich V
    Doubled down on $TWMJF Canopy at the close Friday.
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  • 138 138 correctly predicted forecasts
    Long/Short Investments
    Rich V, I didn't realize TWMJF was such a large company. $5bn market cap is huge for a MJ stock
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  • 17 17 correctly predicted forecasts
    Rich V
    +13.3 percent on Canadian market today. This is going to RIP tomorrow.
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  • 14 14 correctly predicted forecasts
    David Dierking
    Rich V, Good catch! Thanks for sharing!
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  • 138 138 correctly predicted forecasts
    Long/Short Investments
    This ETF is seeing decent interest -- $319M AUM
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  • 14 14 correctly predicted forecasts
    David Dierking
    Long/Short Investments, The pace of new assets has slowed down compared to the first couple of weeks, but this one looks like it's headed towards becoming a $1B ETF.
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  • 138 138 correctly predicted forecasts
    Long/Short Investments
    David Dierking, I'm sure it will be in time. There is plenty of demand for MJ securities out there.
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