AC8 1.92% 13.3¢ auscann group holdings ltd

there are worse performing pot stocks. They all seem to be...

  1. 70 Posts.
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    there are worse performing pot stocks. They all seem to be rotating a bit of a flavour of the month thing. Fomo kicks in and people snap up, then it falls and the same thing happens on the reverse side. Not many people fully understanding this emerging industry for asx listed and aus market focussed companies. Its a good game for short term holds, but so far bad for long term. Everyone sees one looking like its making the money when others arent and so they go up, but then the real outlook comes out and it goes back down. At the moment, the only ones i could say are winners are ones in international markets where they have been able to sell their products for a while. Recreational legalisation has thrown a little spanner into the works, but once people get over the fact that medicinal and rec us are very different, itll get chugging along again.
 
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