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SPDR Dow Jones Industrial Average ETF Message Board

dudethatsnuts 2 posts  |  Last Activity: Oct 30, 2014 5:10 PM Member since: Jan 6, 2010
  • Reply to

    CANV is a little too scammy for me

    by dudethatsnuts Oct 29, 2014 2:44 PM
    dudethatsnuts dudethatsnuts Oct 30, 2014 5:10 PM Flag

    For the record, I don't think that people in this industry are any more corrupt than any other industry, it's just the excitement around the product that gets so many people in trouble. And like any industries, what percentage of small businesses go belly up? Quite a few. But, if you've got money to throw around and don't care if you lose it and want to bet on the horses, this is one way to do it.

  • Nowhere near as scammy as Facebook, and Facebook is at $75/sh, so....

    There's a lot of fake companies in the cannabis sector obviously, a huge risk premium on top of what are already inflated stocks even at penny levels.

    Nevertheless, and although I have no position in CANV or any other cannabis stock, I have to give it a Buy rating. I'm probably wrong about this too. There will be two or possibly three survivors in the cannabis industry. 99% of the other competitors will simply vanish. It's a real day at the casino trying to pick which individual stock to buy and hold.
    At least we know that PHOT is a real company, surfing on the leading edge of what's legal for many years. This is a realm of outlaws and unknowns. Pick your poison people.

    Sentiment: Buy

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